Wealth Management
Top stories summarized by our editors
11/16/2018

One important factor in clients ensuring their retirement security is "empowering their kids to live financially fulfilling and independent lives," writes Greg Powell of Fi Plan Partners. He offers four tips on this topic for advisors to pass on to their clients.

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Greg Powell
11/16/2018

David Lenok uses characters from Stan Lee's Marvel Universe to discuss issues surrounding elder planning and abuse. Lessons include the importance of guardianship decisions and leveraging technology to improve the lives of elderly clients.

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WealthManagement
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Stan Lee, David Lenok
11/16/2018

Societal taboos are part of the reason women have less retirement savings than men, argues Marguerita Cheng of Blue Ocean Global Wealth. Cheng discusses the idea of "money silence," saying it "prevents women from discussing money matters."

11/16/2018

Conference attendees should prepare in advance so they get the most out of conferences, writes Joni Youngwirth of Commonwealth Financial Network. She recommends that attendees read the agenda and choose the sessions they want to attend, go to the conference with questions they want answered, create a plan for networking and minimize smartphone use while at the conference.

11/15/2018

Federal Reserve Chairman Jerome Powell has delivered an upbeat assessment on the health of the US economy, saying it has room for further growth. However, he noted potential headwinds from factors including slowing demand from abroad, protectionism and the effects of the end of fiscal stimulus, which could influence the Fed's longer-term policy on interest rates.

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Jerome Powell, Fed
11/15/2018

One-third of Medicare beneficiaries were enrolled in Medicare Advantage plans last year, the Kaiser Family Foundation reports. The cost of these plans varies from state to state, with Nevada expected to have the least-expensive plans in 2019, according to one ranking.

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CNBC
11/15/2018

Once advisors "adopt the proper tech stack and learn how to use it," they will elevate their ability to attract and retain clients, writes Alex Chalekian of Lake Avenue Financial. A core tech stack should include three types of software: customer relationship management, financial planning and risk analysis.

11/15/2018

Hedge fund gross returns as measured by the SS&C GlobeOp Hedge Fund Performance Index dipped just over 3% during October, although fund net flows are up 0.64% so far this month, according to SS&C GlobeOp Capital Movement Index measure. A similar picture emerged in the Eurekahedge Hedge Fund Index October data, which recorded a drop of 2.19%, while the MSCI AC World Index (Local) fell 7.33% to mark the worst month for the sector since 2011.

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MSCI
11/15/2018

This year's EY Global Alternative Fund Survey shows that investors are balking at large allocations to hedge funds with just 7% planning to increase their exposure over the next three years, compared with 34% who plan to allocate more to private equity. The report also found that hedge funds are more likely than private equity to harness tech innovation, such as artificial intelligence, across their operations.

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EY Global Alternative Fund, AI
11/15/2018

Both cryptocurrencies and tokens have come under pressure amid fears that the Securities and Exchange Commission might mount a major regulatory crackdown on the sector. The SEC already has settled several actions involving the sector, and some worry it might be poised to ramp up enforcement action against initial coin offering projects and cryptocurrency exchanges.

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SEC