Recent events such as the Equifax hack and the breach of the Edgar system, the SEC’s public company files, are not isolated events; this is a new reality. The volume of data stored electronically “in the cloud” and the rapid pace of technological change puts everyone at risk. As quickly as we can develop firewalls and protections, hackers can create viruses and ways around them. Continue reading
Investing that takes into account social, environmental, and governance factors, known as impact investing, ESG, or SRI, is on the rise and may be at a “tipping point,” according to Wharton School of Business. In the last two years, SRI assets have grown 33%, with $25 trillion assets worldwide.
In the recent past, the ownership and management of publicly-traded companies were separate entities. Shareholders were often not large enough to make their voices heard through voting. If you were displeased with the running of a company, the only option was to sell your shares. Continue reading
A year ago, the term “robo advisor” raised alarms on various financial news sites and blogs. Financial professionals feared that computer algorithms would replace human advisors in the advice space. Yet, it has quickly become clear that a computer alone cannot address investor questions, life changes, and, frankly, the emotional aspects of investing. Some combination of human and machine can provide the best of both worlds. Firms are reframing the discussion with the term “bionic advisor,” and 2017 has seen an increased roll-out from large financial firms offering some form of “robo” or “bionic” service. Continue reading
Humans create a lot of waste. Over the last century, as technology has provided us with machines to make our lives easier and many products for daily living have become affordable — we are throwing more and more “stuff” away. Looked at from an economics perspective, our economy functions on a linear basis — make, take, dispose. Apple makes a new iPhone? We get rid of our old one. Dishwasher breaks? A quick phone call and someone takes the old one away and a new one appears in its place. Clearly, this is a disastrous mindset for the long term. There is only so much space on the planet and these products made of steel and plastic do not decompose. Fortunately, there are innovative thinkers who are doing more than touting the “reduce, reuse, recycle” mantra. They believe an overhaul of the way our economy functions can still provide us with the technology we want while maintaining the health of the environment and increase economic growth. Enter the “circular economy.” Continue reading