Wear Yellow for Seth

Word has been spreading fast about five-year-old Seth Lane who suffers from severe combined immunodeficiency disorder (SCID). Seth and his family decided to start a viral campaign urging people to wear yellow, Seth’s favorite color. Today, individuals across the globe participated in the plan with #wearyellowforseth becoming a trending hashtag on social media.

Provident Trust Group happily decided to show our support of Seth today by wearing yellow and sporting yellow ribbons around our wrists. Keep on fighting, Seth!

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Planning to Work in Retirement Isn’t Really a Plan

Source: Nancy Anderson, Forbes

These days, many Americans are looking at retirement differently — even to the point of dismissing it entirely and planning to work indefinitely. Unfortunately, they may be in for a rude awakening if things don’t go as planned.

Recent research from The Pew Charitable Trusts found that one in five Americans never plans to retire, and 53% reported that they plan on doing something other than a “traditional retirement,” when one stops working altogether.

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The Rise of Self-Directed IRAs

There is currently an explosion in the self-directed retirement industry. Following the financial downturn of the last decade, there has been a change in the way people view their investment assets. There is fear in the market for individual investors and the scandals involving even the most respected institutional investment firms have driven a deep mistrust of Wall Street.

According to the world’s largest public relations firm, Edelman, the financial services (i.e. investment firms) industry was the least trusted industry in 2014. Hedge fund managers and institutional investors have used alternatives for years as a way to diversify against the market as a whole and during the financial downturn in 2008, many investors learned about alternative assets when seeking safety for gold investments.

Many of us have been told that the only option we have for retirement is to pay a “stockbroker” to manage our retirement assets. In fact, most consumers planning for their retirement have generally had difficulty finding a financial advisor willing to work with clients under a net worth of $500,000. All of these factors are driving more and more people to take control of their retirement planning; to stop accepting unreliable paltry annual returns without any justification from an advisor who they can’t hold accountable; and to open a self-directed retirement account where they can invest in any asset they choose given IRA eligibility.

Investing in alternative assets gives investors more power and the ability to stop relying on advice of an advisor from an industry that is the least trusted across the globe.

-Adam Hershman 

Adam Hershman

 

Provident Trust Group Sponsors 2015 LendIt USA Conference

LendIt Logo

Provident Trust Group is serving as a bronze sponsor for the 2015 LendIt USA Conference in New York City from April 13 to 15.

According to LendIt USA, the event is “the world’s largest annual gathering of the online lending community” and this year will be the largest exhibition ever assembled in the industry with every major platform from around the world.