Wealth Management
Top stories summarized by our editors
8/17/2018

People approaching retirement have a right to be concerned about how they might ride out a market downturn, and annuities are one way to do so, writes Zach Parker of Securities America. "Annuity options with guaranteed minimum withdrawal benefits may be worthwhile for clients concerned about future market volatility," he writes.

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Securities America
8/17/2018

Annuities are among the options available for covering long-term costs, writes Christine Benz, Morningstar's director of personal finance.

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Morningstar
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Christine Benz, Morningstar
8/17/2018

A survey by Bankrate.com com found that Americans' biggest financial worry is saving for retirement. People ages 38 to 63 -- young Baby Boomers and Gen Xers -- are most likely to report such stress, the survey found.

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PlanSponsor online
8/17/2018

Advisors must be prepared to answer questions on cryptocurrencies, especially for high-net-worth individuals, writes Stephane De Baets of Elevated Returns. De Baets offers information for advisors on understanding the "murky waters" of coin exchanges.

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WealthManagement
8/17/2018

Status quo bias and overconfidence may be two reasons financial advisors do not follow their own advice for their own planning, says Financial Planning associate editor Amanda Schiavo. "Advisors owe it to themselves, their firms and their clients to build a career track for the next generation of advisors," consultant Matt Sonnen notes.

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Amanda Schiavo, Matt Sonnen
8/17/2018

The US SIF Foundation has released a guide on how financial planners can incorporate and improve sustainable, responsible and impact investing for their clients. The guide states that money managers should establish senior-level oversight to environmental, social and governance issues, as well as pinpoint resources for ESG data, research and training.

8/17/2018

A life estate deed ensures a life tenant will never be forced to leave his or her home by a remainderman or heir, writes certified financial planner Harvey Bezozi. A life estate deed also could provide future rental income and allows for an immediate transfer of ownership without probate, notes Bezozi.

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WealthManagement
8/17/2018

Fidelity Investments said the number of its 401(k) plans with at least $1 million hit 157,000 in the first quarter, up 45% compared with a year ago and an all-time high. The average contribution rate as of Q1 was 8.6%, the highest level in almost a decade.

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CNBC
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Fidelity
8/17/2018

Advisers who are trying the same marketing tactics over and over and not seeing results need to refresh their approach, writes Kali Roberge of Creative Advisor Marketing. She offers three ways advisers can build meaningful relationships with clients, starting with meeting target audiences where they are instead of trying to convince them that they're wrong.

8/16/2018

The value of cryptocurrencies has reached $191 billion, the lowest amount since November, as investors sell in the wake of falling prices. "People are starting to realize that they drove this stuff up in a feeding frenzy, and they're starting to realize just how dangerous it is," says Mark Grant of B. Riley FBR.

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Mark Grant