Industry News
Wealth Management
Top stories summarized by our editors
10/16/2020

Sarasota, Fla., comes in first on a US News & World Report ranking of the best places to retire. Here is a look at the top five destinations, which are evaluated based on factors such as housing affordability, taxes and health care.

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CNBC
10/16/2020

More people have been turning to financial advisors during the coronavirus pandemic. A College for Financial Planning survey shows 71% of financial advisors say they have more clients now than they did before the pandemic.

10/16/2020

Advisors should closely follow several issues at the state level, including taxes on investors and the industry, fiduciary rules and independent contractor classification laws, writes FSI President and CEO Dale Brown. He notes FSI is prepared to advocate for the interest of its members regardless of the election's outcomes.

10/16/2020

Getting to know your colleagues and embracing differences is a good way to find opportunities to grow and develop, writes Walter Booker of MarketCounsel. This requires being able to "dialogue across difference," which involves interacting and talking with each other in safe and effective ways, he writes.

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WealthManagement
10/16/2020

Financial advisors reportedly are telling their high-net-worth clients to consider transferring wealth to the next generation in case Democratic candidate Joe Biden wins the presidential election and sets about dismantling the advantageous inheritance tax laws passed by the Trump administration. Today's low interest rates also make wealth transfers attractive.

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Trump administration
10/16/2020

As an adviser, your ability to write clearly and effectively is key to better communication with clients and colleagues alike, writes Kalli Fedusenko, a digital marketing specialist and owner of KalliCollective. From keeping it simple to removing excess words, she offers seven tips that can help you create quality written content consistently.

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Kalli Fedusenko
10/16/2020

Financial advisers need to be able to thoroughly evaluate the numerous dynamic indexes offered in fixed-indexed annuities, writes Tom Haines of Annexus. He offers a four-step system that includes evaluating the methodology and reviewing index components.

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Tom Haines
10/15/2020

Fundraising by nontraded REITs increased 48% during the third quarter compared with Q2, reaching $1.5 billion, according to Robert A. Stanger & Co. Sales neared $8.2 billion during the first nine months of 2020, showing a rebound that aligns with Stanger's forecast of $10 billion in fundraising this year, CEO Kevin Gannon says.

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The DI Wire
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Robert A. Stanger
10/15/2020

Capital Square 1031 has paid $65.8 million for a multifamily community in Newnan, Ga., that has 298 units across 24.3 acres. The company also has obtained a construction loan for a mixed-use development in an Opportunity Zone in Richmond, Va.

10/15/2020

Inland Private Capital has divested a grocery in Mount Pleasant, Wis., on behalf of Mt. Pleasant Retail Venture DST, a Delaware statutory trust offering. The 70,433-square-foot store sold for $17.8 million, 11% more than the purchase price.