H&W in the Media

In New Year, Being More Active Is Thus Far Good (Financial) Advice


If active managers continue to outperform—making those higher fees a fair price to pay—many financial advisers will be in awkward positions after steering their clients into other options. But most are urging caution, suspecting that the strong performance is unlikely to last. “I don’t think last year was an anomaly,” says Kevin Mahn, the chief investment officer at advisory firm Hennion & Walsh. “That’s becoming more the norm.”

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