Its early but UK vote to leave the European Union was unexpected and investors sent global markets into a tailspin. In my thirty years of investment experience I put this event in the class of the Soviet Union breakup, 9-11, Iraqi war and Greek disturbance. Each event created golden buying opportunities. Not confident this one follows […]
Author: David Simpson
Genesis of DOL’s Fiduciary Rule and Why the Political Battle Wages On
Here’s an article from CFAInsitute describing the DOL Rule Origin. By Jim Allen, CFA Baseball great Yogi Berra once said of a National League pennant race, “It ain’t over till it’s over.” If a group of nine industry organizations has its way, the Department of Labor’s (DOL’s) fiduciary rule, issued in April to address conflicts […]
Fed Press Conference: Uncertainty
The Federal Open Market Committee (FOMC) of the Federal Reserve met today and held its target federal feds rate unchanged after their initial hike in December. Fed Chairman Janet Yellen’s press conference after the meeting can be be summed in one word: Uncertainty. I feel she is a very articulate individual but the gist of what […]
Fiduciary Duty Definition
Here is a good legal definition of fiduciary duty from Cornell Law website. A fiduciary duty is a legal duty to act solely in another party’s interests. Parties owing this duty are called fiduciaries. The individuals to whom they owe a duty are called principals. Fiduciaries may not profit from their relationship with their principals […]
Morningstar Report Determines Winners and Losers of DOL Fiduciary Duty Rule
Here’s an article written by CFA Insitute describing Morningstat’s analysis of the DOL Rule and the industry. By Jim Allen, CFA Washington, DC, is known—and regularly scorned—for its role in picking winners and losers through its legislation and regulation, a stigma that dates back centuries. So, it should come as no surprise that the Department […]
NYSSA Event Unwraps DOL Conflict of Interest (Fiduciary) Rule
Here is an article written by CFA Institute describing panel discussion at NY Analyst Society meeting. By Linda Rittenhouse, JD When moderator Bob Dannhauser, CFA, head of private wealth management at CFA Institute, asked each panelist last Monday how likely it is that the Department of Labor (DOL) conflict of interest rules will take effect […]
2Q Industrial Sector Review and Outlook
SCM Forecast Survey Q2 2016
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SCM Newsletter Q2 2016
Newsletter Q2 2016
SCM’s Commitment to Fiduciary Standard
Simpson Capital Management (SCM) is a “fiduciary” to its advisory clients. This means SCM has a fundamental obligation to act in the best interests of its clients and provide investment advice in its clients’ best interests. SCM owes its clients a duty of undivided loyalty and utmost good faith. The firm does not engage in any activity in conflict […]
