Hot Topic: Fiduciary Rule

Now the Pope is involved.

Yes, Pope Francis. Just last week the Vatican in Rome issued a bulletin in which Pope Francis took aim at the financial services industry. His broad topic was how financial advisers manage the “savings” of their clients. By “savings” it was taken to mean the savings, investments and accounts of clients. His Holiness even used the word fiduciary criticizing “advisers who failed to act as a fiduciary by not avoiding conflicts of interest and not working as a prudent professional”.^

Job Migration: Is it Because of Taxes?

Have you heard about the increasing move or “migration” of jobs and corporate headquarters to cities OTHER than New York and San Francisco? Recent reports highlight not just the move of mere jobs but also the move of the CEO and corporate HQ! Several underlying factors including taxes and home affordability are worth considering.