Wealth Management
Top stories summarized by our editors
11/19/2018

Traders who had gone long on the US dollar have trimmed their positions, according to data from the Commodity Futures Trading Commission analyzed by Reuters. The figures show that the net-long dollar position fell to $27.11 billion during the week ended Nov. 13 from $28.66 billion a week earlier.

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Reuters
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CFTC, Reuters
11/19/2018

The legality of New York state's best-interest regulation governing the sale of annuities and life insurance is being challenged in a lawsuit brought by the Professional Insurance Agents of New York and the Big I. The lawsuit calls the regulation an "overreach" that endangers the livelihood of upstanding insurance agents.

11/19/2018

RetireOne and Great American Life are offering a fixed-indexed annuity tailored to the needs of registered investment advisors and fee-based advisors. The Index Protector 7 offers exposure to noncorrelated assets that can de-risk a client's portfolio.

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Traders online
11/19/2018

Support for financial advisors will go from bundled packages to "a la carte platforms that ideally bring together everything independent advisors might need to succeed," writes Keith Gregg of Chalice Wealth Partners. This includes everything from marketing tools to liability protection, he suggests.

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WealthManagement
11/19/2018

Mentorship in the financial advisory industry is a responsibility, offering "valuable insight and guidance from a new perspective and is an essential tool in helping both you and your mentee thrive in your endeavors," writes Rianka Dorsainvil. She offers suggestions on how to begin and nurture a mentor-mentee relationship.

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Rianka Dorsainvil
11/19/2018

Morningstar's Christine Benz and Mark Miller discuss major trends in health care affecting retirees. One statistic they cite is that health care expenses are expected to eat up nearly half of a retiree's Social Security income.

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Morningstar
11/16/2018

The Securities and Exchange Commission's Office of the Whistleblower received 5,282 reports in fiscal 2018, an 18% increase compared with fiscal 2017, according to an SEC report to Congress. The agency paid $168 million to 13 whistleblowers in fiscal 2018, up from almost $50 million to 12 individuals in fiscal 2017.

11/16/2018

A bill sponsored by five Democratic senators seeks to authorize a 50% annual government match on up to $1,000 invested in a 401(k), IRA, 403(b) or 457(b) government retirement savings plan. If enacted into law, the Encouraging Americans to Save Act would also make the match available to participants in state and local government retirement programs such as OregonSaves.

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Senate
11/16/2018

Despite a strong economy, Americans' confidence about retirement has declined, according to a survey from the Certified Financial Planner Board of Standards and Heart + Mind Strategies. More than 60% of survey respondents said it is more difficult to retire on time now than it was five years ago.

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PlanSponsor online
11/16/2018

Steve Dreyer, head of the Treasury Department's Federal Insurance Office, will leave today. He has told associates that he has realized work in government is a lot different from the private sector and that "I believe that my experiences can be best applied in other pursuits."