Wealth Management
Top stories summarized by our editors
12/18/2018

CPAs offer advice on three tax strategies to take advantage of before year-end. They recommend helping clients bunch charitable contributions, make annual exclusion gifts and harvest losses to offset gains.

12/17/2018

Former Federal Reserve Chair Janet Yellen is worried that deregulation and mounting corporate debt will fuel an economic crisis if current policies continue unchecked. Yellen also said that although she expects policymakers to raise interest rates, they will likely remain relatively low.

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MarketWatch
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Janet Yellen, Fed, Federal Reserve
12/17/2018

The Bank for International Settlements said that in the coming months, the normalization of monetary policy by central banks worldwide will likely set off sharp market sell-offs. Fourth-quarter market turmoil was "not an isolated event," according to a BIS report.

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CNBC
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BIS, International Settlements
12/17/2018

The Federal Reserve is expected to announce another interest rate increase when it meets this week. But some analysts say the focus will be on economic outlook, which is affected by trade and global issues.

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Federal Reserve
12/17/2018

Producing a reliable "paycheck" to meet monthly living expenses can be a challenge for retirees, writes Michael Kitces of Pinnacle Advisory Group. He offers three strategies for generating consistent retirement income for retirees who don't want to use an annuity.

12/17/2018

Withdrawals from funds that invest in US equities were recorded at $27.7 billion last week, the biggest outflows since February's stock market selloff, data from EPFR Global show.

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EPFR Global
12/17/2018

A survey by recruitment specialists Odyssey Search Partners shows that hedge fund professionals of all grades anticipate a median compensation of $520,000 in 2018, up 16% from last year. The survey, which included more than 500 hedge fund professionals between September and November, also found that respondents expected a 21% increase to their bonus compensation this year, down from 39% last year.

12/17/2018

Despite talk of the $3 trillion hedge fund sector nearing its death, the industry is merely living through a phase in its evolution from which the fittest will emerge, Mark Gilbert writes. In fact, the latest figures from Hedge Fund Research suggest that the industry has matured and is undergoing a process of consolidation with the number of new funds opening and existing ones closing now broadly flat.

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Hedge Fund Research
12/17/2018

A study analyzing the performance of 645 hedge fund managers between 1992 and 2012 found their work typically suffered the year after purchasing a home. The study, by a trio of researchers, found the managers made fewer and poorer trades during that year.

12/17/2018

A survey by Cerulli Associates found that plan sponsors are giving more thought to in-plan retirement income options but they aren't solely thinking about annuities. The consulting firm said it saw a "reinvigoration" of the subject of retirement income and that plan sponsors are taking the initiative to ask about how retirement income solutions are structured and implemented.

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PlanAdviser online
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Cerulli Associates