Originally published in 2023. Updated October 2025 to reflect current custodial data and market context.

In times of market volatility and financial headlines about bank stability, investors are once again asking an important question: Is my money safe?

We’ve been writing about this topic for several years, and it continues to be relevant today. As fiduciary advisors, we want to revisit how your assets are protected—and why we partner with third-party custodians like Schwab and Fidelity.

As a fiduciary advisor, we have maintained an arms-length approach to the selection of a client’s custodian, preferring to remain impartial and allowing the client to decide. Since there is a wide variety of options: banks, brokerage firms, discount brokerage firms, etc., there is also great variance in the quality and cost of services.

We have historically suggested using Charles Schwab or Fidelity due to their size, low cost, service teams and independence. While clients still choose to use US Bank, Raymond James, PNC and others, with the preponderance of the assets we manage at Schwab and Fidelity, we will focus on these two custodians for this discussion. Schwab completed its acquisition and full integration of TD Ameritrade in 2023, consolidating custodial services under the Schwab platform.

Originally published in 2020. Updated in October 2025 to reflect recent annuity sales trends and product developments.

As life expectancy increases and stock market volatility seems to grow, annuities are gaining in popularity as people seek safety for their money.  According to InvestmentNews, total U.S. annuity sales rose from about $219 billion in 2020 to $434 billion in 2024, and reached $223 billion in the first half of 2025.

We’re seeing structural drivers behind the surge: more capital is flowing into the annuity business via private equity; distributors are building new platforms; and consumers increasingly worry about guaranteed income sources beyond the market or Social Security.

It is essential to share some truths about annuities and explain the risks of these seemingly safe products, which are sold as “can’t miss” solutions. 

The Uber IPO is a hot topic among investors today. Uber Technologies, Inc’s IPO is expected to be priced Thursday and to start trading Friday.

Even on the secondary market, with no profits and based on other analytics, it is a company that we would consider to be speculative in nature.

That isn’t to say it won’t do well for a period of time…as some bets do…but the fundamentals would not put it on our buy list at this time. Without further ado, here are the 10 reasons we feel that the Uber IPO is a sucker’s bet. 

As the calendar turns, we look towards the New Year with optimism on what can be accomplished over the next twelve months.  Not in terms of performance, as 2015 reminded us, much of that is out of our control.  We can construct solid portfolios, but the market will deliver what it will.  What is in your control is the action you take this year that you didn’t take last year to improve yourself.  This is often called your New Year’s resolutions, typically a list hastily compiled and often dismissed by Martin Luther King Day.  This year we’d like to suggest making one resolution in 2016 that will improve either your life or the life of someone else you love.

The recent market sell-off has garnered quite a bit of attention, and we wanted to reach out to let you know our thoughts. We know this kind of market activity is unsettling. This current slide in equity prices feels particularly unpleasant, since the market has been mostly placid this year and has been on a steady advance the last six years.

            For the last four years, whenever a news report emanates from Greece, it has been suggested as an excuse for the stock market advancing or declining.  This quixotic response has caused undo nervousness as the latest Greek drama unfolds here in the middle of 2015.  It is certainly possible they will agree to kick the debt problem further down the road or slip into default by not paying their debts, either way the impact to your portfolio will likely be negligible. 

The latest salvo on the death of “traditional” investment advisors has been sent from those promoting the “robo-advisors” method of dispensing advice.  The concept of automated wealth management is that the enlightened, new-Millennial are distinctive investors and they don’t have the time to talk with an advisor who can’t beat market performance anyway.