Wealth Management
Top stories summarized by our editors
1/15/2018

Research by the Insured Retirement Institute shows 68% of baby boomers say they wish they had saved more for retirement. Columnist Wendy Connick suggests ways to avoid common mistakes made by this generation and offers alternative strategies to consider if the savings target appears unattainable.

Full Story:
The Motley Fool
1/15/2018

Accountants and tax consultants tend to advise against self-directed individual retirement accounts, writes business journalist Ed Leefeldt, but they can be useful in enabling savers to oversee their own investments and operate a tax-free business within them. However, he cautions that careful attention must be paid to the regulations surrounding them, as significant tax liabilities can be incurred if they are handled incorrectly.

Full Story:
CBS News
1/15/2018

The Securities and Exchange Commission has been called upon to provide clear guidance on the terms that financial-advice professionals may use to describe their services, particularly the term "adviser." A draft letter from industry body the CFA Institute says investors are confused by the roles and duties of different financial services providers who describe themselves as advisers, and the SEC should stipulate that only registered investment advisers can use the term.

1/15/2018

Advisors frequently note their clients know what they need to do to reach their financial goals but don't make the necessary changes to their financial habits. Researcher and author Sean Young outlines a scientifically backed process for helping clients identify behaviors that need adjustment and making the required changes.

More Summaries:
Sean Young
1/15/2018

The $2.9 trillion pension fund industry in the UK is pulling out of equity investments at an escalating pace, and they have been shifting for years toward hedge funds and other alternative investments, according to experts. The trend largely stems from the automatic triggering of sell orders to lock in profits from the unprecedented gains seen on stock market indexes, experts say.

More Summaries:
hedge funds, stock market
1/15/2018

Brexit is creating concerns over a possible asset-management industry exodus from London, with several managers saying Brexit's effects remain impossible to predict.

More Summaries:
Brexit
1/15/2018

Data from eVestment indicates that emerging-market strategies were the best performers among hedge funds in 2017, with funds focused on India and China achieving particularly strong returns. Asia emerged as top-performing region for hedge funds, followed by the Africa and Middle East region, the data show.

More Summaries:
hedge funds, eVestment
1/15/2018

The European Securities and Markets Authority has offered proposed amendments to short-selling regulation on topics including short-selling prohibitions and market-making activities. ESMA also is calling for a centralized notification and publication system for reporting short positions.

1/15/2018

Nina Olson, the US national taxpayer advocate, has again called for the Foreign Account Tax Compliance Act to include a "same-country exemption," which would free expatriates from reporting obligations in foreign countries of which they are "bona fide" residents. Olson's annual report to Congress says the Internal Revenue Service has an "enforcement-oriented regime" and that "US expatriates have reported suffering significant banking 'lock-out' as a result of FATCA."

1/15/2018

With life expectancies on the rise, it is becoming increasingly important for pre-retirees to plan for longevity. True Link Financial CEO Kai Stinchcombe suggests purchasing a deferred annuity when an individual is 60 that starts paying out at 80 or 85, noting this may require less money than setting aside funds for those years.

Full Story:
CNBC
More Summaries:
Kai Stinchcombe