Occupational Fraud Is a Worldwide Problem

  |  June 28, 2017

Over the years, I have been invited to speak to various groups, and in a variety of venues, on the topic of employee theft—or, as the Association of Certified Fraud Examiners (ACFE) likes to call it, Occupational Fraud. In June, I had the opportunity to speak again on this subject, this time in London, U.K.

For my visit to the United Kingdom, I made use of this international data which shows a significant amount of consistency with results from the U.S., and a few surprises. Read more. Read More

Social Security and the Foundations of Retirement Planning

  |  June 26, 2017

Recently, I read an article on retirement income planning that focused on the “best” combination of investments for a couple approaching retirement. The authors proposed that three hypothetical investors set out on their retirement journey with a healthy pot of money in the cookie jar and $24,000 of annual Social Security benefits as foundational income. The analysis then proceeded to look at three different ways to invest the nest egg to allow for the most flexibility in retirement.

I am quite sure that some investors are drawn to the mechanics of portfolio management and asset allocation while others are quite content to hire professionals to manage their accounts. But let’s compare this approach to retirement income planning with three different families that are about to go on an extended vacation, car and trailer included. Read more. Read More

Indian Health Service Offers Tribal Grants

  |  June 2, 2017

The Indian Health Service (IHS) is accepting applications in June from Tribes for three different grant opportunities:

To June 23, the IHS Office of Tribal Self-Governance (OTSG) is accepting applications for Planning Cooperative Agreements for the Tribal Self-Governance Program (TSGP). The purpose of the agreement is to provide resources to Tribes interested in entering the program and to existing Self-Governance Tribes interested in assuming new or expanded programs, services, functions and activities. Read more. Read More

How Our Being a Fiduciary Protects You

  |  April 25, 2017

One of the first actions taken by the new Administration was to rescind the new fiduciary rule for retirement accounts that was to be phased in beginning April 10, 2017, with final implementation by January 1, 2018. The rule was designed to ensure that recommendations by financial advisors were made in the best interests of their clients without any conflicts of interest.

That new fiduciary rule was years in development. The Department of Labor proposed the rule on April 20, 2015, announced the final rule on April 6, 2016, and formally published the rule on April 8, 2016. You may be wondering if rescinding the rule will impact your retirement accounts with REDW Stanley. Read more. Read More

REDW Principals Corrine Wilson & Bruce Bleakman Contribute to Landmark NAFOA’s Financial Reporting Guide

  |  April 25, 2017

The Native American Finance Officers Association (NAFOA) is set to release its new Financial Reporting and Information Guide for Tribal Governments and Their Enterprises (Orange Book) at its 35th Annual Conference in San Francisco April 23-27.

The new book marks several milestones. Not only is it the first accounting publication to address the unique operating environment of tribal governments, but it also was produced by a team of highly experienced professionals who work in Indian Country. In announcing the Orange Book, NAFOA credits its Financial Management advisory committee – and in particular, two of the leaders of REDW’s Tribal practice who wrote many of the volume’s 10 chapters. Read more. Read More

Market View (April 2017) – Policies and Investing

  |  April 12, 2017

President Trump certainly elicits strong emotions from a large percentage of the population. In the days following the election, many equity markets went up in value. Generally, the policies of the new President were viewed as positive for economic growth. As economic data continued to improve since November of 2016 both domestically and globally, capital markets continued to improve. With the new Congress, we have begun to learn that legislative change does not necessarily go easily.

Politics, policies, and economic growth certainly intersect, and it is easy to allow one’s political leanings to overly influence investing decisions or outlook. What then are the broad principles that should be used in evaluating policies? Read more. Read More

Expediency vs. Security or Why REDW Stanley Goes the Extra Mile to Protect Our Clients

  |  January 27, 2017

We’ve recently had a number of REDW Stanley clients object to our established process for wiring money—calling it “convoluted” or “so not a part of the 21st century” because it’s still largely paper- and people-based. But while I do agree the process may seem overly complicated or outdated, there are very good reasons why this is so—and they all have to do with protecting our clients. Read more. Read More