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We unpack the beenfits of the shift to a shorter T+1 settlement cycle for U.S. securities.

Going Back to T+1

Key Takeaways The move to T+1 settlement for U.S. securities represents a significant development expected to reduce counterparty risk for investors. The shift is a continuation of a longer-term trend toward shorter settlement cycles driven by technological advancements. Other non-U.S. markets have already enacted T+1, with more markets expected to follow suit. Every trading day, […]

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Unlocking Life Well-Being: Insights from the Third Generation of Behavioral Finance

Unlocking Life Well-Being: Insights from the Third Generation of Behavioral Finance

Many years ago, a financial adviser told me about a couple, prospective clients, who said, “Before you start planning for us, you should know that we have a disabled son. We need to plan for him first so he is supported even when we’re gone.” I often note that the biggest risks in life are

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The Magnificent Seven, Diversification and Long-Term Success

Diversification vs. Concentration in the Era of the ‘Magnificent Seven’

At the end of 2022, “The Magnificent Seven” was no more than the title of a 1960 American Western starring Yul Brynner and Steve McQueen. By the end of 2023, however, the “Magnificent Seven” turned into the name of a group of seven stocks that contributed more than two-thirds of the S&P 500® Index’s return

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