Wealth Management
Top stories summarized by our editors
2/20/2018

Financial planning software can bolster retirement talks with clients and help them see how various scenarios could affect them. When searching for the right package for your practice, consider factors such as ease of use and whether the software uses a goals-based or cash-flow-based approach.

2/20/2018

Taxes are a major factor in determining how much you'll have to spend in retirement, and adviser John Spoto notes that retirees "face the dual challenges of investing and withdrawing their assets tax-efficiently." He reviews strategies for minimizing the tax bite.

2/20/2018

More companies are offering employees financial incentives, including cash and student loan payment matching, to reduce stress and to encourage them to participate in financial wellness programs. An International Foundation of Employee Benefit Plans survey found that 17% of companies offering financial wellness programs had incentives in 2016, up from 10.7% in 2014.

2/20/2018

As premiums for stand-alone long-term care insurance continue to increase, deferred annuities may offer a good alternative, writes Aja McClanahan. She discusses who this product might be right for.

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Wise Bread
2/20/2018

Clients and their children can minimize college debt even if they weren't able to save significant sums in 529 plans. Encouraging children to take advanced placement courses, choose their majors carefully and plan their course loads can make a big difference.

2/20/2018

Technological evolution, including artificial intelligence and automation, is among the forces that could affect the advisory industry in the coming years, writes Schwab's Bernie Clark. "You can play a valuable part in empowering your clients to embrace change and adapt strategically to build a prosperous future," he writes.

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Bernie Clark, Schwab
2/20/2018

Scammers are using the Financial Industry Regulatory Authority's name and logo in an attempt to bilk investors, the organization warned. FINRA "does not guarantee investments, and our officers play no role in facilitating investment opportunities," noted Gerri Walsh, FINRA's senior vice president for investor education.

2/19/2018

Goldman Sachs analysts expect the cost of servicing US debt will surge due to climbing bond yields and the expansion in borrowing amid a growing economy. "In the past, as the economy strengthens and the debt burden increases, Congress has responded by raising taxes and cutting spending," the analysts wrote, noting the opposite is now true.

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Goldman, Congress
2/19/2018

More companies are going public with dual-class shares, and stock exchanges should consider banning the structure or insisting on a sunset provision, Securities and Exchange Commission member Robert Jackson Jr. says. "Should our public investors have to place eternal trust in corporate insiders?" he says.

2/19/2018

The action by Massachusetts charging Scottrade with violating part of the Labor Department's fiduciary rule is without merit and demonstrates the importance of vacating the rule, lawyer Eugene Scalia told the US Court of Appeals for the 5th Circuit on Friday. The state's action "confirms Appellants' concern that the portions of the rule that took effect on June 9, 2017 will continue to impose extensive burdens and costs on Appellants' members, even while other aspects of the Rule have been postponed," Scalia wrote.