Wealth Management
Top stories summarized by our editors
3/22/2017

A recent survey showed that 79% of respondents ages 30-39 said they would be willing to pay for financial advice, and 73% of those under 30 expressed a similar willingness. Nicole Miller, founder of Advisor Forward Marketing & Consulting, offers four key strategies for winning their confidence and business.

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Nicole Miller
3/22/2017

President Donald Trump's crackdown on illegal immigration likely means more Immigration and Customs Enforcement audits for companies, highlighting a need for employers to enhance Form I-9 compliance, two attorneys write. Employers can face civil and criminal penalties if they file paperwork improperly.

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JDSupra.com
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President Donald Trump
3/22/2017

An appeals court has found the federal disadvantaged business enterprise program serves a compelling interest in addressing bias in highway-construction contracting, making the program constitutional. The decision is in line with rulings from other appeals courts.

3/22/2017

President Donald Trump has told Republican lawmakers they could lose their seats if they don't vote for legislation that would replace the Affordable Care Act. One House member notes a lack of detail of the plan, and several lawmakers are unconvinced.

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President Donald Trump, GOP, House
3/22/2017

Insurers' product-development teams will face an increasing need for creativity with an aging advisor workforce, changing technology and challenging regulations, Mike Hart of AllianceBernstein said on a panel at the Insured Retirement Institute's marketing conference. Panelist Christine Tucker of Pacific Life Insurance said, "Innovation is everyone's responsibility."

3/22/2017

Peter Sasaki explains how advisors can boost the returns on their wealthy clients' retirement savings by using private-placement annuities and private-placement life insurance. "The wealth-enhancement benefits of the products are considerable," he says.

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life insurance
3/22/2017

Brian Graff, CEO of the American Retirement Association, explores the possible adverse effects of the Trump administration's mooted tax reforms on 401(k) retirement plans. Although details of the reforms have yet to emerge, he told a group of advisors at the annual National Advisor Plan Association 401(k) Summit in Las Vegas that they may entail a freeze on contribution limits.

3/22/2017

Sponsors of 401(k)s are seeking greater depth of knowledge from advisors, panelists said at a National Association of Plan Advisors conference. One panelist representing sponsors said he appreciates when an advisor questions his decisions and assumptions, noting he values "reassurance, expertise, confidence, someone who will be provocative."

3/22/2017

A judge has given a yearlong prison sentence to the owner of an Illinois construction company that acted as a pass-through so another company could satisfy requirements for hiring disadvantaged business enterprises on an airport-runway project. The owner, whom a jury convicted of mail and wire fraud, falsely claimed her company rented equipment from the contractor and performed work on the project.

3/22/2017

A bankruptcy court decision holds that the Miller Act's requirement that claims be filed in the federal district court where the contract was in place takes precedence over the bankruptcy court's jurisdiction requirements. The judge did not dismiss the Miller Act claim in this case but sent it to a district court in Virginia.

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Lexology
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Miller