Wealth Management
Top stories summarized by our editors
10/15/2018

Recent statements about user-friendly disclosures for variable annuities by Dalia Blass, director of the Securities and Exchange Commission's division of investment management, are "a very positive signal" that a proposal is on the way, said Jason Berkowitz, vice president and counsel for regulatory affairs for the Insured Retirement Institute. "We really are just looking for them to start the public dialogue on this," he said.

10/15/2018

Advisors should know how to respond when clients say they are contemplating opening a family office, Family Office Exchange President Alexandre Monnier writes. He shares 10 reasons a client might wish to do so, including education, confidentiality and continuity.

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WealthManagement
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Family Office Exchange
10/15/2018

Consultant Michael Goldberg shares five musts advisors should consider for business networking. These include having a specific purpose, communicating clearly and following up.

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Michael Goldberg
10/15/2018

Rising interest rates result in a higher payment for those who set up a charitable gift annuity, retirement expert Bob Carlson writes. The American Council on Gift Annuities has increased recommended payout rates, the first adjustment since 2012.

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Forbes
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Bob Carlson, American Council
10/15/2018

Advisors can review their technology by asking five questions, writes Larissa Marcontell Sonnen, chief operating officer of PFI Advisors. These include whether tools are user-friendly and intuitive, whether systems are integrated efficiently and how much time is spent correcting data flowing between systems.

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Advisor Perspectives
10/15/2018

LGBTQ retirees and preretirees are more likely than other retirees and preretirees to take big investment risks with retirement accounts, according to a study by MassMutual. "LGBTQ retirees and preretirees may benefit from consulting a financial advisor about their retirement investment goals, something less than half currently do," says Catherine Cannon, head of personal markets.

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MassMutual
10/12/2018

Millennials who have never obtained student loans have twice as much saved for retirement by age 30 as millennials who have taken on debt, according to a study by the Center for Retirement Research. The loan amount seems an insignificant factor, the study says, noting "mere existence of the debt is enough to constrain saving."

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Money magazine
10/12/2018

Steadily climbing US and European equity futures and rebounding stock markets in Asia have marked a possible end to the global stock sell-off. The Dow Jones Industrial Average, the S&P 500 and Nasdaq 100 futures were poised to open today with solid gains, and data on growth of Chinese exports have put investors at ease about where Asia's economy is headed.

10/12/2018

Life insurance and annuities are among the products most sensitive to interest rates, making issuers concerned about a sharp rise in rates. Slow, steady increases in rates are generally best for these products.

10/12/2018

The income guarantees of different types of annuities with equivalent benefits vary, based on factors including the gender of the purchaser, when the income is taken and whether it is intended to benefit an individual or a couple, according to research by Cannex. "[A]dvisors need to rely on real analytics, not traditional perceptions or best guesses of how guarantees work to best serve their clients," said Cannex's head of annuity research, Tamiko Toland.

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Tamiko Toland, Cannex