Quick Hits: Only Reason They Pick You | Fast Food Inflation | Blaming Biden
Cory ?? Swain
Helping Independent Advisors Scale, Acquire & Exit | Proven Strategies from a $22B+ Network | Christ Follower | Husband & Father of 4 | #1 Surfer in Kansas
What is the reason people pick you?
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Here are your Quick Hits:
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·???????? If you are wanting to get a good summary and deep dive on what is to come if the DOL goes into play in September – this is it.
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·???????? “On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts".”
·???????? In sum, the Final Rule expands ERISA's stringent fiduciary obligations to cover almost any situation where advice is provided for a fee to a retirement investor where there is an expectation that the advice being given is in the investor's best interest.
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·???????? Hey I found a positive article about how Financial Advisors help clients!
·???????? “About 55% of the participants who had advisors said their advisors help them feel less stressed.”
·???????? “About 51% of the survey participants with advisors said their advisors ease stress when market volatility is high.”
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·???????? The headline says it all, but the numbers from this poll are incredible.
·???????? “Nearly three in five Americans wrongly believe the US is in an economic recession, and the majority blame the Biden administration”
·???????? This is a crazy stat! : “49% believe the S&P 500 stock market index is down for the year, though the index went up about 24% in 2023 and is up more than 12% this year.”