Evan Simonoff

Shrewsbury

Editor-in-Chief and Editorial Director at Financial Advisor

Editorial Director at Private Wealth

Editor-in-chief and editorial director of Financial Advisor magazine, as well as editorial director of Private Wealth magazine.

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Articles

Vanguard Strategist Sees Value and Foreign Stocks Winning In New AI World

1 month ago | fa-mag.com | Evan Simonoff

If artificial intelligence is really as transformational as many investors believe, investors should move away from U.S. growth stocks and into value stocks and foreign shares, said Joe Davis, chief global economist and head of global investment strategy at Vanguard, speaking at sa press event today. Counterintuitive as that idea may appear to be, Davis cites past stock market historical trends to support the bold statement.
Why Goldman Strategist Sees Only 3% Returns On U.S. Stocks For Decade

1 month ago | fa-mag.com | Evan Simonoff

Goldman Sachs’s chief U.S. equity strategist, David Kostin, compares his job to that of many financial advisors. He advises numerous retirement funds and sits on the board of Goldman’s $13 billion pension fund. This morning at the firm’s second annual RIA Professional Investor Forum, Kostin detailed his case for why he expects U.S. equities to deliver annualized returns of only 3% for the next decade.
Next-Gen Advisors Do It Their Way

1 month ago | fa-mag.com | Evan Simonoff

What a difference a generation makes. Whether it’s true or not, conventional wisdom holds that the events people experience in their late teens and 20s can profoundly shape their outlook on life, the world, investing and other activities. Fifteen years ago, the financial services industry was fretting about the cohort that came of age during the Great Recession.
Liz Ann Sonders Fears ‘Full-Blown' Run On The Dollar

2 months ago | fa-mag.com | Evan Simonoff

Ever since President Donald Trump unveiled his “Liberation Day” tariffs on April 2, financial markets have been subjected to an extraordinary degree of whiplash that has yet to relent.
Liz Ann Sonders Fears ‘Full-Blown' Run On The Dollar

2 months ago | fa-mag.com | Evan Simonoff

Ever since President Donald Trump unveiled his “Liberation Day” tariffs on April 2, financial markets have been subjected to an extraordinary degree of whiplash that has yet to relent.
Social Security Solvency: Experts Sound Off

2 months ago | fa-mag.com | Evan Simonoff

For more than a decade, there’s been constant chatter about Social Security’s impending shortfall, and people’s fears have intensified in recent months as President Trump’s DOGE committee has cited alarming statistics, some of them false, about waste and mismanagement at the agency. But the DOGE worries might be a red herring. How do the actual experts feel about the prospects for the entitlement program?
IBDs Confront Talent Turnover

2 months ago | fa-mag.com | Evan Simonoff

For decades, there were few better proxies for the health of the financial planning business than the independent broker-dealer business. Forty years ago, advisors frustrated by the divergent priorities of giant Wall Street wirehouses and investment banks were able to set up businesses free from proprietary products and other conflicts, thanks to the IBD boom.
SEC Restructures, Fires Regional Directors

2 months ago | fa-mag.com | Evan Simonoff

The U.S. Securities and Exchange Commission fired the top regional directors at offices across the country as part of cost-cutting programs that were recommended to the Trump administration, Reuters reported in February. The SEC told “directors across its 10 regional offices that their roles will be eliminated as part of the plan the agency submits next month,” Reuters said.
The Monte Carlo Merry-Go-Round

2 months ago | fa-mag.com | Evan Simonoff

Who is more afraid of a 30- or 40-year retirement, advisors or their clients? As trillions have piled up in retirement accounts, a growing body of research has suggested that many retirees are living below their means, even if the evidence is inconclusive. Part of the reason may be the disconnect between the cautious capital market assumptions (CMA) that advisors are plugging into their Monte Carlo simulation models and the actual outsized returns clients are enjoying in the financial markets.
Ed Slott: Traditional IRAs Are The Worst Possible Asset To Own

Mar 6, 2025 | fa-mag.com | Evan Simonoff

In the wake of the SECURE Act, traditional IRAs have become the worst possible asset to own, IRA expert Ed Slott told advisors attending The American College’s Horizons conference in San Diego on Tuesday. Slott and another widely regarded accounting expert, Jeff Levine, opened the event with a brief session entitled, “The Great Debate: Is The Traditional IRA Dead?,” with Slott arguing that that the primary asset accumulation vehicle for millions of Americans was a rotten investment.