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Wealth Management
Top stories summarized by our editors
9/29/2020

It can be awkward for financial advisors to bring up their business in social situations as they try to develop initial relationships with prospects, writes Bryce Sanders of Perceptive Business Solutions. He offers nine phrases that can be used to soft sell.

9/29/2020

The Setting Every Community Up for Retirement Enhancement Act offers opportunities for advisors focused on holistic financial planning, write David Szeremet and Terry Garrard Jr. They discuss opportunities the law creates for retirement accumulation and distribution planning, as well as tax management, charitable giving and estate planning.

9/29/2020

For advisers managing their own practices, balancing the different roles as business leaders and financial professionals can pose some difficulties, writes Ken Unger, an adviser coach and founder of the Academy of Preferred Financial Advisors. He offers some practical tips to help you find your "financial adviser/business owner balance now, so you can enter 2021 organized, focused and ready for success."

9/28/2020

Households and small businesses are running out of financial lifelines as Congress and the Trump administration have allowed pandemic relief measures to lapse. Economists say the financial strain families and small businesses face could irreversibly damage the economy. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have indicated they are prepared to reopen negotiations on another relief bill, with just days remaining before Congress recesses until after the November elections.

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Trump, Steven Mnuchin
9/28/2020

Hedge fund managers who graduated from the more prominent universities can demand more restrictive redemption criteria from their clients and tend to invest in less liquid assets that, potentially, lead to higher returns, new research has found. "The major driving force is trust inspired by the reputation and network of elite institutions," noted the study's author.

9/28/2020

Private equity managers are increasingly able to impose restrictions on the right of debt investors to have their loans repaid on the sale of a portfolio company.

9/28/2020

The prospect of disadvantageous equity valuations and depressed bond yields in the years ahead has strengthened the case for investors to consider alternative investments, writes Michael Mackenzie.

9/28/2020

Leading US public companies have raised objections to a proposal from the Securities and Exchange Commission that would allow most hedge funds to maintain secrecy over their equity holdings.

9/28/2020

A financial transactions tax might be a micro-tax, but the plans put forward by the state of New Jersey for such a levy are big enough to hurt high-frequency trading firms, writes Jared Dillian. Any such move, some argue, could either force the firms out of business or prompt them to relocate to another state.

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Jared Dillian
9/28/2020

The Global Legal Entity Identifier System's Regulatory Oversight Committee will become the international governance body for tracking over-the-counter derivatives transactions, the Financial Stability Board said. The committee will begin the governance of the harmonized derivatives identifiers and data elements on Oct. 1, 2020.