Wealth Management
Top stories summarized by our editors
9/25/2017

A bipartisan bill named the Boost Saving for College Act has been introduced in the Senate, with the aim of helping families save for their children's college education without becoming overburdened by debt. Tax credits for low- and middle-income families, incentives for employers to match employee contributions to college-saving plans and allowing unused savings to be rolled over into a Roth IRA are among the bill's proposals.

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tax credits, the House
9/25/2017

A recent survey shows that 80% of Americans have heard of cryptocurrencies such as bitcoin, yet few know whether the currency is legal. Experts have pointed out that the cryptocurrency market is highly speculative, immature and subject to volatility, with one academic estimating that 90% of current investment will be lost.

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CNBC
9/25/2017

Good customer service requires dedication, energy and resources, and it also can be a growth driver, writes David Mehlhorn, director of sales for Redtail Technology. He outlines four steps advisors can take to ensure their customer-service plan yields the best results.

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WealthManagement
9/25/2017

While many advisors concentrate on high-net-worth clients, they are limited in number, and financial planner Zaneilia Harris calls for the industry to focus more on people who are less wealthy, particularly Latino and black Americans. She argues that serving these communities can prove financially and socially rewarding.

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Zaneilia Harris
9/25/2017

A Preqin survey of 108 investors in June found that 45% said hedge fund portfolios are meeting or surpassing the investors' expected returns, compared with 21% who reported the same in June 2016. The more recent survey, however, also found that 49% of respondents said they expect to lower their allocations in the year ahead.

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hedge funds
9/25/2017

Eurekahedge's preliminary data for August show hedge funds maintaining upward momentum after July's performance-based gains of $16.5 billion and net asset inflows of $11.6 billion. Meanwhile, eVestment says hedge funds' assets under management increased to more than $3.2 trillion by the end of August.

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ValueWalk, Funds Europe
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hedge funds, Eurekahedge, eVestment
9/25/2017

The Commodity Futures Trading Commission showed leveraged funds' net short position on US dollar index futures reached their highest level in nearly a year for the week that ended Tuesday.

9/25/2017

The UK government says it plans to create financial-services rules independent of the EU's in hopes of giving Britain a competitive edge after Brexit.

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EU
9/25/2017

A working group of the UK's Financial Conduct Authority said it plans to review hedge funds and private equity firms as it seeks to enforce stricter cost-disclosure requirements. The working group aims to conclude its investigations by July.

9/25/2017

No updates on the Financial Stability Oversight Council's inquiry into hedge fund activities, launched in 2014, have arrived in the past eight months, writes economic adviser Gregg Gelzinis of the Center for American Progress. Treasury Secretary Steven Mnuchin should "affirm the necessity of the hedge fund working group" during the next FSOC meeting, because "[t]his inquiry is too important to be shut off or hidden from public view," Gelzinis writes.