The last 12 months have brought an interesting mix of market and economic news. We were in a wait-and-see mode when it comes to a change in interest rates. Meanwhile, energy prices — along with other commodities — had quite a downward run. Economic growth in the U.S. was steady but proved to be weak overseas.
FPA’s Bob Rodriguez discusses where these trends (and others) are headed in 2016 in this issue. There are plenty of clearheaded thinkers for advisors and investors to listen to, but Rodriguez is certainly one of the best. His views on 2016 are straightforward and offer a revealing list of the challenges advisors can expect in the next 12 months.
Also in this issue, Merrill Lynch’s John Thiel describes why he sees plenty of opportunity for growth in the wealth management field, despite proposed regulatory and other changes. Thiel stresses the critical role advisors play in providing “peace of mind.”
Peace of mind isn’t the easy thing to have during the holidays. There’s the rush to get business tasks done, like closing the books and writing plans to execute after the New Year — a process we’ve been taking part in at Research.
With 2016 looking poised to include rising interest rates and intense regulatory change, we aim to provide readers with helpful perspectives and valuable analysis that can have a beneficial impact on advisor practices. We plan to do so by sharing interviews and insights from high-caliber experts, as we seek to dig deeper into wealth management, portfolio construction, alternative investments and other topics critical to wirehouse, employee and other financial advisors.
Likewise, I will be hitting the road this year to cover industry events, such as the Inside ETFs conference set for late January in Hollywood, Florida. I look forward to meeting lots of our readers at such gatherings and to speaking with as many as advisors as possible by phone to keep up with industry developments.