Wealth Management
Top stories summarized by our editors
4/6/2020

The Basel Committee on Banking Supervision and the International Organization of Securities Commissions have postponed the implementation of margin requirements on uncleared derivatives by 12 months due to the coronavirus outbreak.

4/6/2020

Financial advisors can help clients understand the Coronavirus Aid, Relief and Economic Security Act and what it means for them, writes Kimberly Foss of Empyrion Wealth Management. Among the information clients may want is whether they qualify for checks and how much they will be, how to get them and what they should do with the money once it arrives.

4/6/2020

Continuing to connect with clients, prospects and other contacts is important even if you can't do it in person, consultant Michael Goldberg writes. He offers eight ways to network virtually, including webinars, virtual meetings, social media and targeted emails.

4/6/2020

White advisors need to do a better job of talking about race, not just with clients, but also with staff and centers of influence, consultant Sonya Dreizler writes. She recommends being open to listening about other people's experiences and being curious without prying.

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Sonya Dreizler
4/6/2020

Women face many more hurdles than men when it comes to retirement, so they must be proactive and take responsibility for their own situations, write financial planners Eleanor Blayney and Marjorie Fox. That includes looking at things like debt, life insurance coverage and retirement accounts.

4/3/2020

Advisors should use this national timeout to prepare for when the country returns to "business as usual," writes consultant Mindy Diamond. She offers 10 suggestions for advisors, including finding creative ways to add value, testing leadership skills and looking for ways to improve.

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WealthManagement
4/3/2020

Financial planners need to be there for their clients, and not just to deal with their finances, writes Susan Bradley, founder of the Sudden Money Institute. She offers three tips for dealing with stressed-out clients who may be going through a financial or life transition.

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Advisor Perspectives
4/3/2020

It's important for advisers to do social contacting right now, but it needs to be done without without seeming too opportunistic, write Stephen Boswell and Kevin Nichols of The Oechsli Institute. Checking on social contacts, sharing a relatable story, listening to their concerns and answering their questions are ways to do that, they write.

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WealthManagement
4/2/2020

The compliance date for the Securities and Exchange Commission's Regulation Best Interest and the Customer Relationship Summary form will remain June 30, SEC Chairman Jay Clayton said. Firms that are concerned about meeting filing deadlines because of the coronavirus outbreak "should engage with us," Clayton said.

4/2/2020

A rare mid-month update from Hedge Fund Research reveals that the average hedge fund lost 4.5% during the first two weeks of the month as the effects of the coronavirus outbreak hit financial markets. But while quant-driven strategies have struggled, macro strategy funds have weathered the storm better, leaving hedge funds on average ahead of markets overall.