Wealth Management
Top stories summarized by our editors
11/13/2018

If a regulatory examiner wishes to speak with a business, "it would almost certainly be arranged through your supervisor or compliance officer beforehand," writes attorney Alan Foxman. He says it is acceptable to explain to callers that their identities need to be verified before providing them with information.

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Alan Foxman
11/13/2018

Consultant Michael Goldberg details what he considers to be five networking "musts" for advisors. They include having a specific purpose, communicating powerfully and staying in touch.

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Michael Goldberg
11/13/2018

A Morningstar study of 10 large health savings account plans found that investment quality and design have improved from last year. However, the study found that many HSA plans continue to have high fees and do a poor job of fee disclosure.

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PlanAdviser online
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Morningstar
11/13/2018

Advisers can make excellent and productive habits a part of their daily behavior by creating conscious activities, creating consistent activities and creating accountability for activities, writes Daniel Finley of Advisor Solutions. He provides a step-by-step approach to making practice perfect and permanent and constantly evaluating your habits so they become excellent.

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Daniel C. Finley
11/12/2018

The US Federal Reserve's inaugural Supervision and Regulation Report found that more than 40% of large US banks failed to "meet supervisory expectations in certain risk-management areas." The report also showed the banking sector's profitability was at a 10-year high.

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US
11/12/2018

There has been little change in the pace of enforcement actions by the Department of Labor under President Donald Trump, say attorneys who specialize in matters related to the Employee Retirement Income Security Act. They say the department's focus has remained on broad regulations and going after retirement-plan sponsors for delinquent contributions or inadequate fee disclosures.

11/12/2018

The Securities and Exchange Commission's Office of Compliance Inspections and Examinations will conduct a series of exams putting the spotlight on mutual funds and exchange-traded funds. The office said the exams will take a hard look at whether retail investors could be taken advantage of and whether firms have fully complied with regulatory and legal requirements.

11/12/2018

Fidelity data shows 50.4% of 401(k) balances were invested solely in a target-date fund in the third quarter. Advisors say the funds are good for younger investors but may not be right for those who have accumulated significant assets or started saving later in life.

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MarketWatch
11/12/2018

While it is estimated the average 65-year-old couple will spend $280,000 on health care in retirement, breaking the cost down annually results in a much more manageable number and is something retirees can plan for, writes financial planner Michael Kitces. For instance, a study from Vanguard and Mercer Health and Benefits shows the median annual cost for a 65-year-old woman is $5,200.

11/12/2018

A study by Prequin reveals that investors are likely to abandon pooled funds as their main route to investing in alternative asset classes over the next five years. Editor Chris Beales said the report, which found 45% of fund managers surveyed expect to see less investment through pooled funds, points to rising competition in the market.

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Prequin, Prequin