Wealth Management
Top stories summarized by our editors
7/21/2017

A UBS survey of Americans with more than $1 million in investable assets shows they feel anxiety over the possible impact of health care costs on their retirement savings, with 73% of those surveyed listing getting sick as their top concern. However, survey authors noted that the respondents likely underestimate the long-term financial consequences of increasing health care costs and said this presents an opportunity for advisors to help clients make suitable plans.

7/21/2017

Venmo makes splitting a bill or repaying someone easier, although the app makes some nostalgic for when repayment was less certain and more private. Venmo is also notable for letting users make transactions, complete with notes, publicly viewable.

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Venmo
7/21/2017

A number of millennials are setting up shop as financial advisors, and many of them are finding success by aiming their services at fellow millennials, writes management coach Angie Herbers. She examines how this new breed of advisors is developing a business model that may by better attuned to the needs and goals of younger people.

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Angie Herbers
7/21/2017

Entrepreneurs face special challenges when it comes to saving for retirement, and it's even more difficult for women, who tend to live longer than men, writes JoycePayne Partners' Marilee Falco. She offers five retirement strategies for female entrepreneurs, including a firm commitment to saving even when times are tough.

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Entrepreneur online
7/21/2017

Over the past 30 years, significant amounts of money were expected to be transferred from one generation to the next, but much of it failed to materialize. Professor Ted Kurlowicz explores some of the reasons behind this phenomenon and offers suggestions on how advisors can help their clients develop an efficient wealth-transfer process.

7/21/2017

Many firms claim to offer individually tailored investment advice in the hope that it will make their services more attractive to potential clients, but advisor Glenn Kautt argues that this may not always be a wise course of action. He examines how customized advice can affect efficiency, scalability and effective client service.

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investment advice, Glenn Kautt
7/21/2017

Data compiled by Bella Research and Harvard University suggest that the financial-advice industry may be one of the least diverse in the US in terms of gender and ethnicity. The statistics show a preponderance of white males working in the industry, with only 19% of the workforce consisting of Asian, African-American, Hispanic and other people.

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WealthManagement
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Harvard University
7/21/2017

New statistics show that advisors remain broadly confident in their financial outlook and that clients' equity investments rose in June, albeit at a slightly lower rate than the previous month. While the numbers showed client risk tolerance dropping, it remained in positive territory.

7/21/2017

A survey released this week, which showed the US has fallen three places to No. 17 on the Global Retirement Index, has been described as unsurprising yet disappointing by Edward Farrington of Natixis Global Asset Management, which authored the survey. Harrington contends that government agencies and employers must commit to offering retirement plans and savings incentives, while finance expert Chris Hogan notes, "Retirement and financial education has not been a priority in our educational system."

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Fox Business
7/21/2017

The pursuit of a high-net-worth prospect who sends ambiguous signals about working with you should only go so far, writes Daniel Finley, president and co-founder of Advisor Solutions. He offers five signs that it's time to give up on a potential client.

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Daniel C. Finley