Wealth Management
Top stories summarized by our editors
11/20/2017

Digital asset broker Coinbase is planning to roll out Coinbase Custody, a cryptocurrency storage service for hedge funds and other investors with minimum deposits of $10 million. Coinbase CEO Brian Armstrong says lack of safe storage facilities is one of the key concerns of investors who may be considering a foray into digital currencies.

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Coinbase, hedge funds
11/20/2017

An increased investor preference for hedge funds that offer customized fees and liquidity terms is one of the key findings of a 2017 survey by EY. About 62% of respondents said they will make use these funds more in the next two years, a marked increase from the 48% recorded in 2016, with the survey also showing that 74% plan to keep their hedge fund allocations at the same level in the year ahead.

11/20/2017

AIMA has published a template to help asset managers use research-payment accounts to comply with unbundling and reporting requirements of Europe's revised Markets in Financial Instruments Directive. The Research Charge Collection Agreement template, which aims to enable managers to complete reports more quickly and simply, was produced in collaboration with the Investment Association and the Association for Financial Markets in Europe.

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Investment Week
11/20/2017

Tax legislation recently approved by the House appears to leave the controversial carried-interest tax rate largely untouched, but it does include a proposal to extend the time that assets need to be held to qualify for the tax break to three years from one year. While the extension is not expected to affect strategies that typically keep assets long term, it may present difficulties for activist funds, which tend to buy and sell more quickly.

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TheStreet
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the House
11/20/2017

Europe's revised Markets in Financial Instruments Directive will present compliance and regulatory reporting managers with a dilemma over which over-the-counter derivatives trades they should report. With no definitive guidance on this issue, managers will face fines if their reports are deemed insufficient but will have to balance that against the extra administrative burden that reporting will entail.

11/20/2017

The Reserve Bank of India plans to allow government-bond traders to support short sales with securities from their own portfolios, thus eliminating a requirement to borrow funds in the repo market. However, the relaxation applies only in conditions of stressful market conditions, and the RBI warns that such transactions must be fully accountable and transparently reported.

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Reserve Bank of India
11/20/2017

Cathy Weatherford, president and CEO of the Insured Retirement Institute, notes that men tend to receive immediate credibility in male-dominated professions, such as the financial-services industry, while women must earn theirs. She writes that she was fortunate to receive support from male mentors who showed her how to succeed in male-dominated workplaces: "Chief among their lessons was that credibility is earned by being the best-prepared person in the room."

11/20/2017

Proposals that are in both the Senate and House tax bills are the ones that stand the best chance of becoming law, writes financial journalist Laura Saunders. These include alterations to rules regarding conversions of Roth individual retirement accounts, 401(k) loans, estate tax exemptions and the alternative minimum tax.

11/20/2017

Advisors can play a valuable role in guiding wealthy clients who are considering making philanthropic donations, writes charitable giving expert Phil Cubeta. He offers five areas to explore with clients such as ensuring their donations will not jeopardize their financial well-being.

11/20/2017

A survey by WellCare Health Plans shows less than half of seniors who qualify for Medicare review and compare the cost and coverage of their plans when it's time to renew them. Bart Astor notes this could be a costly mistake and offers five key points to consider when reviewing Medicare plans.

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Forbes
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Medicare, Bart Astor