Wealth Management
Top stories summarized by our editors
9/19/2017

Veterans are challenged by credit card debt but on the whole are in better financial condition than civilians, a study by the Financial Industry Regulatory Authority Foundation found. Veterans are 40% more likely than nonveterans to own homes that are worth less than their mortgage balances, according to the study.

9/19/2017

Americans who save for retirement through tax-advantaged 401(k) savings plans could end up paying thousands of dollars in higher taxes if lawmakers limit or eliminate the ability to make pre-tax contributions. For an individual with $200,000 in income making the maximum possible contribution to a traditional 401(k) plan, eliminating the 401(k) tax break would increase that person's tax liability by more than $8,000.

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Bloomberg
9/19/2017

The Wagner Law Group issued an alert warning financial professionals that their advice regarding health savings accounts may fall under the purview of the Labor Department's new fiduciary rule. Communications that rise to the level of investment recommendations would be subject to the rule, the law firm said.

9/19/2017

Robo-advisors, which mostly have been targeting young investors in the accumulation phase of their savings strategy, are now trying to reach retired clients. Critics such as David Lyon, CEO of Oranj, warn that automating a process as unique as a person's retirement is likely to pose problems.

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WealthManagement
9/19/2017

You want your name to be listed near the top when potential clients are doing Google searches for financial advisers. Zach McDonald, editorial director at Mineral Interactive, offers suggestions that can help get you there but cautions it's not an overnight process.

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Google
9/18/2017

The period for submitting comments on the Labor Department's proposal to postpone the effective date of some portions of the fiduciary rule ended Friday. In their comments, critics argue the delay is necessary to revise parts of the rule that need to be fixed, while supporters say the delay would be costly for investors.

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Labor Department
9/18/2017

Increasing regulatory requirements are prompting some advisors to lighten their workload by outsourcing portfolio construction to third-party suppliers, according to Tom O'Shea of consulting firm Cerulli Associates. He notes that broker-dealers appear to be leading the trend, but adds that he expects registered investment advisors to follow.

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Tom O'Shea, Cerulli Associates
9/18/2017

The HFRX Women index had a stronger showing than the HFRI Fund Weighted Composite index in the first seven months of 2017, underscoring calls for diversity in the hedge fund sector.

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HFRI Fund
9/18/2017

A study by law firm Seward & Kissel indicates that funds of funds might especially benefit from side letters' potential comeback, after regulatory scrutiny led such agreements to fall into disuse around 2006. Funds of funds account for 56% of side-letter investors, compared with 30.5% last year, the study found.

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Seward & Kissel, law firm
9/18/2017

Short selling brings useful benefits to market activity, writes Larry Swedroe of The BAM Alliance, a network of registered investment advisers. Swedroe analyzes research on the topic to support the argument that short selling identifies overvalued and underperforming stocks.

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ETF
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Larry Swedroe, BAM Alliance