Wealth Management
Top stories summarized by our editors
4/22/2019

Pet owners can establish trusts to see that their charges are cared for after the owners die. Clients should think carefully about who will take care of their pets, and they should make sure they set enough money aside for that purpose.

4/19/2019

A delayed cross-currency swaps clearing service from Eurex Clearing reportedly is scheduled for introduction by the end of June. Dealers are concerned about liquidity and an increase in posted margin.

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Eurex Clearing, Eurex
4/19/2019

Americans share a variety of money secrets in a CNBC and Acorns Invest in You Savings Survey. Among them are using a coffee habit to inspire regular savings and running the risk they won't have enough put away for retirement.

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CNBC
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CNBC
4/19/2019

Many New Jersey residents pondering retirement are considering a hasty exit to Florida, writes financial planner Bryan Kuderna. He compares the states based on income taxes, property taxes, education, law enforcement and post-retirement benefits.

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Bryan Kuderna
4/19/2019

Experts offer their answers to the top three of the 10 most frequently asked retirement questions revealed by Google. They touch on how much is needed for retirement, timing and early retirement.

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Fox Business
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Google
4/19/2019

Any safe harbor created to encourage defined-contribution plans to offer annuity options should require a review of the annuity carrier's financial strength, say Phyllis Borzi, former assistant secretary for the Employee Benefit Security Administration, and J. Mark Iwry, a former senior advisor at the Treasury Department. Legislation under consideration in Congress falls short in this regard, they say.

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PlanSponsor online
4/19/2019

Advisors should be skeptical of back-tested results for fixed-indexed annuities, writes Michael Jay Markey Jr. of Legacy Financial Network. With regard to estimating how much of an index's growth FIAs would have participated in during a time when it didn't exist, he warns that "crediting rates are susceptible to changes within an insurer's overall book yield."

4/19/2019

Financial advisors are generally too slow to innovate in their practices, which can crimp their growth prospects, said experts at the InvestmentNews Innovation Summit. Among the changes they recommended were outsourcing some functions, moving toward becoming life coaches and having a "planning forward" mindset.

4/19/2019

Five inflection points may soon disrupt the business of financial advisors, Matt Oechsli writes. He examines how millennials, fintech, digital marketing, cybersecurity and client mindset are likely to affect the industry.

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WealthManagement
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Matt Oechsli
4/19/2019

As consumers grow increasingly sensitive to fees, advisors should seek to justify their fees by taking a holistic approach to financial planning. A holistic perspective includes a clientcentric mentality, consistency and reliability, and going above and beyond expectations, according to a Cerulli report.