I'm out on the West Coast this week for a series of business meetings, and I brought a book. Call me old school. Putting in earplugs and settling in with a good book is a great way to fly, a welcome break from the usual screen time, and it conserves my iPhone battery. Sure, the seats are cramped, lousy food costs extra, and flight delays are routine. Yet, the earplugs block out the noise in the sky. And being 35,000 feet up for several hours, without internet, blocks out the noise below.
Morristown, New Jersey, July 7, 2017 – Runnymede Capital Management has been shortlisted in the "Investment Management" category of the 2017 US Captive Services Awards. The US Captive Awards returns for its 6th year to recognize and reward providers of captive insurance products and services, that have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months. Runnymede is the only service provider that has won each year since the inception of the awards, having been named winner of Best Customer Care in Investment Management in 2016, 2014, 2013, 2012 and Innovation in Investment Management in 2015.
Marsh Captive Solutions' 2016 Captive Benchmarking Report, analyzed 1,139 captive insurance companies (managed by Marsh globally) for benchmarking analysis. With the title, "Captive Solutions: Creating Security in an Uncertain World," the 44-page report covers many topics from reasons to form a captive, roles captives can play, and the changing regulatory landscape. In this post, I will summarize Marsh's findings in the area of investments for captive insurance companies.
We all "get" physical health. There are 15 gyms within a 2-mile radius of my house. Even the bag of corn chips on my desk is trying to convince me that it's healthy -- natural, organic, non-GMO. But we know better. We know that we need to exercise regularly and should forego the chips for an organic apple. On the other hand, financial health is often the neglected step-child to physical health, mental health, and spiritual health. In my nearly two-decades working with clients as an investment adviser, I know that even the fittest crossfitter needs to address and nourish her financial health in order to achieve balanced, good systemic health.
Whether you are setting up a 401(k) plan for your business or already have one in place, it is helpful to understand the various service providers needed to run a retirement plan. Here are the major service providers you will likely deal with on your plan.
It's Monday, the day after Father's Day, two thousand and seventeen. I hope all the Dads out there had a great one. I sure did. I am very grateful for my kids who qualify me to celebrate and to my dad, well, for everything. Even in the 19th year of working together, my dad continues to teach me and serve as an example by how much he cares about our family, clients, and business.My favorite Father's Day tweet that I saw yesterday came from Morgan Housel.
My dad's father's day advice: "Eat well, get some exercise, live below your means. You'll eliminate 90% of the problems people fall into."— Morgan Housel (@morganhousel) June 18, 2017
Simple and to the point. Great advice that resonates strongly in my middle-agedness! This got me to thinking about fatherly advice in my family. Here's what came to mind.
As of June 9th, 2017, the Department of Labor's fiduciary rule, also known as the conflict-of-interest rule, has partially taken effect. The new rule has the greatest effect on financial advisors who are registered brokers. How does the fiduciary rule impact you? What do you need to know?
On May 24th, I attended the first Gold Event in the CKGSB Knowledge Series at the new offices of White & Case. Dr. Xiang Bing, Founding Dean of CKGSB and Professor of China Business and Globalization, discussed China's Newly Dynamic Economy and the Rising Role of the Chinese Entrepreneur. FYI, CKGSB (Cheung Kong Graduate School of Business) is the Beijing-headquartered business school that Dr. Xiang established 12-years ago with the support of the Li Ka Shing Foundation. It was China’s first privately-owned business school, and these days perhaps the most well-known private Chinese institution outside the country.
With our world getting smaller daily, it is imperative to keep one's eyes and ears open to what's happening in global economies, especially the world's second largest economy. On May 24th, I attended the 2017 Peking University Guanghua New York Forum at the New York Public Library. The forum featured renowned speakers re-imagining China’s business landscape for an audience of 200 Chinese and international industry leaders, academics, and innovators to discuss, debate, and exchange ideas. Here are the highlights.
While in Manhattan for meetings recently, I walked past this shelf of Amazon packages being prepared for delivery. While, I admittedly have my fair share of Amazon boxes at home and the office, seeing it at this scale was eye opening. From watching Amazon Fire TV to my kids streaming Amazon Prime cartoons to asking Alexa to check today's weather forecast, Amazon.com, now in its 20th year as a public company, is everywhere.
IMPORTANT DISCLOSURE INFORMATION
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede Capital Management, Inc. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede Capital Management, Inc. is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Runnymede Capital Management, Inc.’s current written disclosure statement discussing our advisory services and fees is available for review upon request.