Wealth Management
Top stories summarized by our editors
9/24/2018

There's no deadline for completion of the Securities and Exchange Commission's proposed rule governing investment advice, Chairman Jay Clayton says. "It's not this month, probably not next month," he says.

9/24/2018

There are several ways to get children off to a good start saving for retirement. Adviser Kevin McKinley discusses Series I savings bonds, variable annuities and mutual funds established in the child's name.

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Kevin McKinley
9/24/2018

Alternative investments accounted for 7.2% of overall assets under management by US advisers in 2017, up from 5.7% the year before, Cerulli Associates said in a report. About 40% of advisers surveyed said they used alternative investments, according to the report.

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9/24/2018

A report from Hedge Fund Research says the second quarter brought 125 hedge fund closures, the lowest total since Q3 of 2007, although the number of funds opened was the fewest since Q4 of 2008. The second quarter's number of hedge fund openings surpassed the total of liquidations for the fourth consecutive quarter, HFR says.

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9/24/2018

Investors are increasingly pursuing the market for nonperforming loans in Italy and throughout Europe, as distressed credit managers have sought to provide attractive returns to the backers of such loans and help banks get rid of the bad assets. Buyers of nonperforming loans, however, can face legal, collateral and leverage risks, experts say.

9/24/2018

A JPMorgan Chase Institute analysis shows that hedge funds more than tripled their daily trading volumes after market shocks in 2015 and 2016, supplying crucial liquidity, Gillian Tett writes.

9/24/2018

The postcrisis regulatory environment has shifted lending risk from banks to nonbanks, including private equity funds, although that might not eliminate the need for bailouts, Mark Vandevelde writes.

9/24/2018

A drop in the basis between yen interest-rate swaps cleared at LCH and at Japan Securities Clearing to 4.13 basis points from 7.63 basis points is attributed to a Sept. 4 speech by Commodity Futures Trading Commission Chairman J. Christopher Giancarlo. Giancarlo indicated US clients would be allowed to clear swaps at non-US central counterparties that have "comparable, comprehensive supervision and regulation."

9/24/2018

When people buy annuities, it raises the value they place on their lives and they take steps to live longer, according to a working paper by several economists that was published by the National Bureau of Economic Research. The paper points to earlier research showing that "people with more generous annuities live longer than those with less generous annuities."

9/24/2018

Jackson National Life Insurance said it will offer all of its advisory annuity contracts through the Envestnet Insurance Exchange. Allianz Life Insurance Company of North America and Global Atlantic Financial Group have also signed on to sell annuities through the exchange.