Cornell Endowment Posts 3.3% Loss, Worst Among Ivies So Far
Harvard, Dartmouth and Penn also posted losses for the latest fiscal year but they were 2% or less. Yale’s endowment gained 3.4%.
Does Client Philanthropy Pose a Conflict for AUM Advisors?
If your client reduces his assets under management through charitable giving or other means, does that make the flat-fee approach better for advisors?
Schwab DAF Clients Gave $1.2 Billion to 56,000 Charities in FY2016
For the second consecutive year, Schwab Charitable distributed over $1 billion in charitable grants on behalf of its DAF account holders.
Vanguard’s New Model for Retirement Spending in Low-Yield Market
Vanguard has developed a goals-based approach to retirement spending with a low-return environment in mind.
Tom James: Master of the Art of Collecting
Some people like to stay busy, even in “retirement.” The Raymond James executive chairman is building an art museum with 500 works from his collection.
Financial Services Firms’ Reputation Still Shadowed by 2008 Crisis
The 2008 financial crisis continues to shape negative consumer views of the financial services firms.
10 National Charities Called ‘Transparency Dodgers’ by BBB
Better Business Bureau charity evaluator names charities that have declined to provide detailed information on their finances.
Foundations Adjusting to Lower Returns, for Now
Private and community foundations are holding spending steady amid lower returns, but can they live with middling investment performance in the long run?
Vanguard, Fidelity Charitable Name New Execs
Vanguard Charitable has a new CFO, and Fidelity Charitable recently named a new president.
College Endowments Seen Posting Worst Returns Since 2009
Funds with more than $500 million lost 0.73%, Wilshire says; universities set to report fiscal 2016 returns in the fall.