Chart Talk: April 24th, 2024


On Tuesday,the Department of Labor (DOL) finalized anew fiduciary rule, “The Retirement Security Rule” which aims “to protect the millions of workers who are saving forretirement diligently and rely on advice from trusted professionals on how toinvest their savings.”  We applaud the DOL as quite frequently we meet with indivdiualswho have invested their hard-earned money into products that either levy high internal expense ratios or applyexorbitant charges upon surrender.  As an example, some annuities and mutual fundscome to mind.  We feel confident in statingthat in our opinion an annuity rarely is in the long-term best interest of theclient.  This rule which goes into effectthis coming September 23rd “require trusted investment adviceprovideers to give prudent, loyal, honest advice free from overcharges.  These fiduciaries must adhere to highstandards of care and loyalty when they recommend investments and avoid reommendationsthat favor the investment advice providers’ interests – financial or otherwise– at the retirement savers’ expense.”  

As is illustrated bythe chart below, only 12% of financial advisors qualifyas fiducaries.  Fagan Associates has acted as fiduciaries for wellover two decades which stipulates that we are legally and ethicallyobligated to always put the interest of the clientahead of our own.  

As always, somerules we are obliged to include:

·        Torender impartial advice.

·        Tomake recommendations based on client’s needs.

·        Toexercise a high degree of care and diligence.

·        Treatclients fairly and equitably.

FaganAssociates works hard to always follow our obligation as a fiduciary.  Rest assured that we will use reasonable careand exercise independent professional judgement when conducting financialplanning, investment analysis, making investment recommendations, trading,promoting our services, and engaging in other professional activities.  We will always put our best foot forward and sincerelyappreciate the opportunity provided to us with such an important aspect of yourlife.

This presentation is not an offer or solicitation to buy or sell securities. The information contained in this presentation has been compiled from third party sources and is believed to be reliable, but its accuracy is not guaranteed and should not be relied upon in any way, whatsoever. Fagan portfolio characteristics and holdings are subject to change at any time and are based on a representative portfolio. Holdings and portfolio characteristics of individual client portfolios may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities listed.

Additional information including management fees and expenses is provided on our Form ADV Part 2. The actual return and value of an account fluctuate and, at any time, the account may be worth more or less than the amount invested. Bond Investments are affected by interest rate changes and the credit-worthiness of the issues held in the portfolio. A rise in interest rates will cause a decrease in the value of fixed income positions. Past performance results are not indicative of future results.”

Copyright (c) 2024 Clearnomics, Inc. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on or via or any affiliated websites, applications, or services are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company's stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed in this report are proprietary to Clearnomics, Inc. and constitute valuable intellectual property. All unauthorized reproduction or other use of material from Clearnomics, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Clearnomics, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. Clearnomics, Inc. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights.

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