The XY Planning Network cofounder discusses serving younger clients, the trading frenzy in individual stocks and cryptocurrencies, and the future of a fiduciary standard.
We’ve been exploring the state of retirement in the United States on
The Long View. Last week, we talked with progressive labor economist Teresa Ghilarducci. On this week’s episode, we chatted with Andrew Biggs, resident scholar at the American Enterprise Institute. He is more sanguine about the state of retirement in the U.S., though he is also in favor of some reforms. Andrew is an expert on Social Security reform, state and local government pensions, and public sector pay and benefits. Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration, where he oversaw the agency s policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of then-President George W. Bush s Commission to Strengthen Social Security. He holds a bachelor s degree from Queen s University Belfast in Northern Ireland, master s degrees from Cambridge Uni
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The CEO and portfolio manager of O Shaughnessy Asset Management and author of
Millennial Money: How Young Investors Can Build a Fortune, Patrick O Shaughnessy outlined multiple options for portfolio customization and discussed their potential benefits on Morningstar s
Highly customized investment portfolios are becoming more appealing to a broader audience. Examining this development, O Shaughnessy unpacked some of the advantages of tailoring portfolios through environmental, social, and governance integration, custom indexing, and factor investing. He also shared his thoughts on the growing trends of mass customization and technology-driven investing.
Here are a few excerpts on ESG investing from O Shaughnessy s conversation with Morningstar s Christine Benz and Jeff Ptak: