Industry News
Wealth Management
Top stories summarized by our editors
8/4/2020

From developing protocols to keep workers and clients safe in re-opened offices to helping communities of color, the pandemic has given many advisers new opportunities to contribute to their communities in valuable ways, writes Ana Trujillo Limón, senior editor of the Journal of Financial Planning, and editor of the FPA Next Generation Planner and Practice Management Blog. That was the topic of a recent FPA Planner-to-Planner conversation series hosted by past FPA President Elizabeth Jetton, M.Ed., CFP®, and powered by TD Ameritrade Institutional and Vanguard.

8/4/2020

A survey from Incapital found that only 23% of financial advisers plan to have in-person meetings with clients this year. Of those who plan to remain working remotely, 41% said will communicate mostly by phone and 36% plan to use video tools such as Zoom and WebEx.

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Webex
8/3/2020

China's hedge funds have posted an average annualised return of 8%, far ahead of average global returns, according to the latest Eurekahedge Greater China Long Short Equities Hedge Index. The country's buoyant equity market and a positive bounceback from the coronavirus pandemic are factors behind the results.

8/3/2020

Commodity hedge funds have posted outstanding returns thanks to the rising price of gold since March and strong outlook for the metal in the months ahead. Figures from the Commodity Futures Trading Commission show hedge fund interest is helping to push up gold demand.

8/3/2020

Investors in search of a haven from rising US-China tensions are turning to North American hedge funds, a survey from JPMorgan Chase finds. 32% respondents said they plan to increase their exposure to funds in the region, against 18% at the start of this year.

8/3/2020

The $3 trillion hedge fund industry is adopting innovative approaches to fee structures as it aims to to remain attractive to potential clients. Lacklustre returns since the 2008 financial crisis have increased pressure on the sector's once lucrative "two and twenty" fee structure.

8/3/2020

A judge in Manhattan has demanded that prosecutors respond to allegations from a hedge fund founder and trader that the government concealed evidence from the court during their trial on securities charges. US District Judge Katherine Polk Failla says she plans to hold a hearing and might call witnesses to it.

8/3/2020

Advisors have a major role to play in helping clients determine the timing of charitable donations. This article rounds up some important financial and nonfinancial factors to review with clients when helping them decide.

8/3/2020

Advisors will be more successful with their marketing if they base decisions on data, improve the way they use email and revise campaigns at least once a month, says Snappy Kraken CEO Robert Sofia. Financial professionals should use email to connect with new prospects, rather than just communicating with existing clients, he notes.

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Robert Sofia
8/3/2020

The Revised Uniform Fiduciary Access to Digital Assets Act, which 44 states have adopted, allows fiduciaries to access and administer digital assets of a deceased client, estate planning attorney David Little writes. However, the law has limitations, and all estate plans should be updated to explicitly give a nominated fiduciary access to the accounts, he writes.

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David D. Little

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