Wealth Management
Top stories summarized by our editors
4/20/2018

The Insured Retirement Institute said it appreciates the Securities and Exchange Commission's willingness to work with other regulatory bodies to develop a best-interest standard for brokers. "We are particularly appreciative of the Commission's commitment to collaborating with their counterparts at the DOL, FINRA (Financial Industry Regulatory Authority), and the state insurance and securities departments around the country to develop a cohesive and consistent regulatory framework," IRI said in a statement.

4/20/2018

Securities and Exchange Commission investment-advice rules proposed Wednesday would not likely affect professionals who act only as insurance agents, according to multiple analysts. The SEC has opened up a 90-day public comment period for the rules.

More Summaries:
SEC, Exchange Commission
4/20/2018

Several experts offer their take on how to find skilled administrative staff in a low-unemployment world. Among their suggestions are reaching out to business partners, having a clearly defined job description and not limiting the candidate pool too severely.

Full Story:
WealthManagement
More Summaries:
John Nersesian
4/20/2018

Clients who are considering senior-care options for aging parents often turn to their financial advisor for help developing a plan, writes Sharon Roth Maguire of BrightStar Senior Living. Among the questions to consider are whether in-home care or a nursing home is more appropriate and what financial and nonfinancial resources are available to help cover costs, she notes.

More Summaries:
Sharon Roth Maguire
4/20/2018

Forty-six registered investment advisor mergers and acquisitions were completed in the first quarter, marking the third-highest number of deals in a quarter on record, according to Echelon Partners. Echelon expects to see 193 RIA deals in 2018, which would represent a 15% increase over last year.

More Summaries:
Echelon Partners, Echelon
4/20/2018

Proposal meetings with multiple decision-makers can present a challenge for advisors, note Stephen Boswell and Kevin Nichols. They offer three tips advisors can use to prepare for such meetings.

Full Story:
WealthManagement
More Summaries:
Stephen Boswell, Kevin Nichols
4/20/2018

Becoming an empty nester can lead to downsizing for many retiree and preretiree clients, but it is not always due to cutting costs, says financial planner Michael Rousseau. He offers points advisors should help clients consider to determine whether downsizing is the right move.

Full Story:
WealthManagement
More Summaries:
Michael Rousseau
4/20/2018

A 65-year-old couple retiring in 2018 can expect to pay an estimated $280,000 in health care costs in retirement, according to a new report. That marks a 2% increase over last year and a 75% increase since 2002, the report said.

4/20/2018

Inbound and outbound marketing strategies play a role in advancing a firm's presence and recruiting new clients, but knowing which strategy to use -- and when -- is key, writes Kali Hawlk of Creative Advisor Marketing. Hawlk says setting marketing goals, a budget and the order in which you want to achieve your outcomes are the first steps toward selecting the right marketing plan.

More Summaries:
Kali Hawlk
4/19/2018

Only 14% of baby boomers and 24% of millennials want the government to be primarily responsible for their retirement security, according to a recent MetLife survey. The survey also shows 74% say they prefer paying into a company-sponsored retirement plan compared with 26% who say they prefer paying into Social Security.