When finance gets political

When finance gets political
If you’re being yelled at by acolytes of either extreme, then you’re doing it right
SEP 27, 2020

This will be the sixth presidential election being conducted while I’ve led a publication, and I can tell you that based on reader feedback, this one is no different from any that have preceded it. We’ve entered the period where readers of financial publications take one of two stances on any mention of government leaders in the financial media they consume.

The first camp consists of the world-weary consumer, exhausted by the ubiquity of political discussion. They say: “Please don’t let your publication get political. It is important to have resources that are providing industry information, not taking political stances.”

This reader helps us do our jobs better because we are reminded to aspire to neutrality.

Then there’s the polarized reader that offers less value, frankly, but can inform our work. They say: “InvestmentNews needs a new subtitle. Please consider ‘The Trusted Resource for (insert party you don’t support) Financial Advisors’ as more appropriate.”

Essentially, they’re both saying: “Stick to finance.”

My guidance to the team when we get these notes? Make sure you’re hearing from both sides.

If you’re being yelled at by acolytes of either extreme, then you’re doing it right. And to those who want us to just stick to finance, we will — but that includes an open discussion of regulations driven by political results.

So, we’ll stick to finance, but that doesn’t mean we’ll ignore politics.

Latest News

Edward Jones facing more race bias claims in new lawsuit
Edward Jones facing more race bias claims in new lawsuit

A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.

Advisor moves: LPL recruitment momentum continues with $815M Northwestern Mutual team
Advisor moves: LPL recruitment momentum continues with $815M Northwestern Mutual team

Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.

SEC chief Atkins signals caution on prediction market ETFs amid broader rethink of novel fund structures
SEC chief Atkins signals caution on prediction market ETFs amid broader rethink of novel fund structures

Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.

Private capital's $1 trillion bet on the American retirement account
Private capital's $1 trillion bet on the American retirement account

From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.

Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May
Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May

Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management