Archive

Archive for October, 2020

Ask a Trust Officer: What is a “Corporate Fiduciary”?

DEAR TRUST OFFICER: I understand that you are a “corporate fiduciary.” What is that exactly? Aren’t you just a different flavor of stockbroker or financial planner?—SHOPPING FOR ADVICE DEAR SHOPPING:  “Fiduciary” is a legal term that describes the duties that one party owes to another in a business relationship. A fiduciary duty is the highest…

2020 Q3 Review and Outlook

Keep Your Politics Out Of Your Portfolio The stock market had a decent 3rd quarter, with the S&P 500 SPDR ETF (SPY) gaining 9.0%. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) eked out a 0.4% gain, and a 60% stock/40% bond portfolio gained 5.6%. Despite 2020 being…2020, investors…