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The Market Is Expensive, But Not “Dot-Com” Expensive Expert panelists including Joel Greenblatt, Liz Ann Sonders, Jeffrey Sherman and Jan Van Eck weigh in on the market exuberance at Informa Connect’s Inside Wealth virtual event. With the stock market hitting record highs and President Joe Biden proposing trillions of dollars additional stimulus, market experts told a gathering of advisors this week that yes, the market is expensive, but not yet at “dot-com-bubble” levels of exuberance, value stocks are due for a resurgence, and thematic ETFs could be the way to navigate the ...

Can AUM-Based Advisors Be True Fiduciaries? During a recent Inside Wealth panel, advisor Rick Ferri argued that AUM-based advisors aren't incentivized to put clients first, while attorney Max Schatzow stressed advisor compensation for "value" isn't easily quantified. Either way, advisors should expect more client scrutiny over the price of advice. Financial advisors who charge clients a percentage of assets under management are too often susceptble to conflicts of interest between their business model and what's best for their clients, argued Rick Ferri, an investment analyst and fo...