Wealth Management
Top stories summarized by our editors
7/23/2019

Exchange-traded funds present advisers with strong opportunities for diversification, writes Kip Meadows, founder and CEO of Nottingham. Three themes emerging among ETF funds include cannabis ETFs, non-transparent ETFs and a trend of index ETFs offering low and zero-fee products.

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cannabis
7/23/2019

Some state regulators participating in a National Association of Insurance Commissioners working group are worried that illustrations used to explain indexed annuity performance to consumers may be misleading, but they haven't been able to agree on how to fix the problem. The Annuity Disclosure Working Group will try to break the deadlock in a conference call set for July 29.

7/23/2019

Longevity planning will become an increasingly important part of what advisors do for clients as people live longer and healthier lives, said financial industry executives participating in an InvestmentNews roundtable. One Raymond James executive shared three questions advisors can ask clients to help plan for quality-of-life issues.

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Raymond James, InvestmentNews
7/23/2019

A legislative package that incorporates annuities and fixed-income portfolios in the rescue of troubled multiemployer pension plans was approved by the House Ways and Means Committee this month. While the legislation is expected to pass the House, its fate in the Senate is uncertain.

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US Treasury, Senate
7/23/2019

The settlements of two class-action lawsuits regarding 401(k) and 403(b) plans offer some lessons on what retirement plan advisors need to discuss with clients, writes attorney Fred Reish. Discussions should cover record-keeping pricing, types of investments and use of participant data, he writes.

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Fred Reish
7/23/2019

Baby boomers' adoption of digital-wealth technology
will increase reliance on human financial advisors, says Mark Schoenbeck, executive vice president and national sales director at Kestra Financial. "Investors want the reassurance and peace of mind knowing that an experienced expert knows them, knows their situation, and is guiding them," he says.

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Fox Business
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Kestra Financial
7/23/2019

Prospecting "best practices" are constantly evolving, and one of the best ways to reach the most people today is content marketing, writes Christopher Wendt of Midstream Marketing. He offers tips for better content marketing, including using email marketing, search engine optimization and guest posts.

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WealthManagement
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Midstream Marketing
7/23/2019

The Securities and Exchange Commission should pause the Share Class Selection Disclosure Initiative, argues Patomak Global Partners CEO Paul Atkins, who calls the initiative "regulation without rules." Footnote 60 in the SEC's recently released interpretation of Regulation Best Interest is a "belated attempt" to clarify its expectations surrounding 12b-1 fees, Atkins writes.

7/23/2019

Businesses need people who take ownership of problems and fix them, according to marketing and sales consultant John Graham. This involves recognizing problems, asking questions and keeping your eye on the goal, he writes.

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John Graham
7/22/2019

Statements from Federal Reserve Chairman Jerome Powell and Federal Reserve Bank of St. Louis President James Bullard suggest a quarter-point interest-rate decrease will occur this month. Bullard has emphasized the move should be seen as recalibration, rather than the first in a series of cuts.