Wealth Management
Top stories summarized by our editors
9/17/2019

Some wealthy families are making investments guided by environmental, social and governance criteria. Investments might focus on matters such as addressing inequality or promoting sustainability.

9/17/2019

Advisors who think they have exhausted their prospecting pipeline may find potential clients in some overlooked places, writes Bryce Sanders of Perceptive Business Solutions. These places include the gym, youth sports games, and bars in law or accounting firms' buildings.

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Bryce Sanders
9/17/2019

Millennials may have a reputation for being spendthrifts, but it's not entirely justified given the financial obstacles they face, writes CPA Riley Adams. He offers tips to help millennials become financially independent.

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Kiplinger online
9/17/2019

From being completely honest to acknowledging and adapting to changing conditions, advisers who want to build successful practices must avoid falling into the "blame game" trap, especially when things go wrong. Check out these three specific steps to make responsibility an integral part of your business.

9/17/2019

To serve the needs of clients best, financial advisers should think of themselves as "well-being advisers," writes financial expert Meir Statman. That, in turn, requires wealth managers to understand the 'Four Domains' of well-being, which he outlines in this article.

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Meir Statman
9/17/2019

Shachar Kariv, an economics professor at the University of California, Berkeley calls client surveys and questionnaires "the source of all evil and bad in the financial services industry," and says they are a poor way to gauge risk tolerance. Instead, Kariv recommends an electronic gamified approach, such as TrueProfile, a product he co-founded. Check out the special introductory rate offered to FPA members.

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FPA, University of California
9/17/2019

Assets in US index-based equity mutual funds and exchange-traded funds exceeded assets in active stock funds for the first time in August, after years of growth for passive investment. The shift represents a milestone for the financial industry.

9/16/2019

UK Financial Conduct Authority chief executive Andrew Bailey has called on EU regulators to issue more equivalence permits to the bloc's investors to ensure long-term access to equities and derivatives trading facilities in London in the event of a no-deal Brexit. He said more work is needed to resolve issues surrounding some £16 trillion worth of uncleared derivatives, as well as possible disruptions to the exchange of data between UK and EU firms.

9/16/2019

A recent movement toward encouraging financial literacy education among workplace investors -- those whose funds are mostly in employer-sponsored retirement plans -- has drawn criticism from financial experts. They say the problem is not a lack of information but getting workers to learn about financial literacy concepts, and they also question the wisdom of focusing solely on workplace investments.

9/16/2019

Costa Rica has earned a reputation as a great retirement destination for Americans. Kathleen Peddicord explores seven popular spots in the country and what they have to offer retirees.

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Kathleen Peddicord