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

Homeowners along the routes of two gas pipelines in Pennsylvania were notified of subcontractors' intent to file mechanics' liens against their properties after a bankrupt contractor's failure to pay them. The company building the pipeline said the contractor had a payment bond, and it is working to notify unpaid subcontractors of the presence of the bond and how to file claims.

12/12/2018

Certain common mistakes such as investing too conservatively or failing to max out contributions to retirement plans can derail retirement preparation. Here is a look at how to fix these and other planning issues.

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Forbes
12/12/2018

Lincoln National Life Insurance has obtained reinsurance from a unit of Athene Holding for $9.6 billion in fixed deferred and indexed deferred annuity liabilities. The reinsurance is structured as an 80% quota share.

12/12/2018

Jane Wollman Rusoff cites research and anecdotal evidence that point to advisors and investors becoming more receptive to annuities. She notes that Harold Evensky famously switched his stance on annuities and now says advisors "absolutely should at least be learning about immediate annuities and start factoring them into their analyses."

12/12/2018

An SS&C Technologies Holdings survey of advisors found that about 75% of respondents were at least somewhat worried about inflation, compared with one-fifth who said they weren't at all uneasy.

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SS&C Technologies Holdings
12/12/2018

Occasional social media messages are not enough to nurture a network, Michael Goldberg points out. A better approach is a monthly phone call or quarterly meetup for coffee or lunch, and focus on your value-add during these meetings to ultimately get the most value back, Goldberg suggests.

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Michael Goldberg
12/12/2018

Women face a retirement gap fueled by earning less and living longer than men, writes Michael Ross of Cornerstone Financial Group. To help bridge that gap, he suggests benefits advisors offer tailored advice to female employees that acknowledges their specific obstacles.

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Michael Ross
12/12/2018

The majority of investors who are referred to an advisor will do an online search for that advisor, and LinkedIn profiles get preferential treatment from the search engine, according to marketing consultant Claire Akin. "By having an up-to-date LinkedIn profile, you help prospects find you online, see who you are connected to and feel more confident placing their trust in you," she writes.

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LinkedIn
12/12/2018

An increased focus on alternatives "will have a material impact on the products and strategies [registered investment advisors] will offer their clients in the future," writes Aaron Steinberg of BNY Mellon Pershing. As new products emerge and technology drives access to them, he notes that education will be key.

12/12/2018

The Planning Commission in North Kingstown, R.I., debated requiring a surety bond for future decommissioning of a large solar project. The company building the project proposed a $500,000 bond with the option to replace it with another financial instrument in the future.

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Planning Commission