Until regulatory clarity is achieved, advisors should document consideration of the uncertainty, market volatility and investment basics in minuted investment committee meetings. Drawing from traditional finance experiences with illiquid assets during the 2008 credit crisis, advisors can demonstrate their fiduciary duty even in the face of uncertainty. In 2008, it was unclear how to meet fiduciary obligations for valuation; however, many met these with:
Q4 Earnings Beat Sparks 21% Surge And Fresh Bullish Momentum
Vertiv reported Q4 EPS of $1.36, beating estimates of $1.29. Revenue reached $2.88 billion, topping consensus expectations. Stock surged 21.47%...
