Wealth Management
Top stories summarized by our editors
7/28/2017

Financial advisors are split on the future of Social Security, as the Social Security trust fund is expected to run out between 2029 and 2034. A number of advisors weigh in on the topic, with one saying, "The most realistic approach for younger people is not to expect [to receive Social Security] at all."

7/28/2017

Entrepreneurs are risk takers, but that characteristic is not the best regarding succession and wealth preservation, writes BizEquity CEO Michael Carter. The foundation for such planning involves a realistic assessment of what the business is worth, which serves as a guide for other issues, including wealth planning.

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Entrepreneur online
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BizEquity
7/28/2017

A survey by Manta indicates 34% of small-business owners lack retirement plans. Among those who have plans, self-employed 401(k)s and traditional individual retirement accounts are popular.

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CNBC
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Manta
7/28/2017

The Financial Industry Regulatory Authority is cracking down on high-risk advisors by disciplining offenders more harshly and adding extra disclosures to BrokerCheck. FINRA's Susan Axelrod says companies should be diligent in researching prospective advisors before hiring them.

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WealthManagement
7/28/2017

A trend in which pension plan sponsors transfer pension liability risk to annuities sold by insurance companies is picking up momentum. However, lawyer Belinda Morgan warns that plan sponsors must make sure their selection of an annuity provider complies with their fiduciary duties, noting that the Labor Department has published guidance to follow.

7/28/2017

Aria Retirement Solutions and Great-West Financial have brought a new fee-based variable annuity to the retirement market. The Great-West Smart Track Advisor Variable Annuity offers more than 90 subaccounts and the option to add a living benefit rider.

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PlanAdviser online
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Aria
7/28/2017

Research shows there is a difference between being interested and being curious, writes Dan Martin, FPA's director of marketing. If you accept the results of the research, it can help when it comes to educating your clients, he writes.

7/27/2017

The financial standing of the average American reached the highest level in more than 10 years in the second quarter, according to the AICPA's Personal Financial Satisfaction Index. Decreased inflation and a strong stock market are the factors most responsible for the PFSi's growth during the past year.

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AICPA, stock market, PFSi
7/27/2017

An Investment Company Institute study finds that 63% of workers ages 26 to 64 participate in employer-sponsored retirement plans, either directly or through a spouse, which is a higher figure than is widely assumed. One industry observer notes, however, that nearly half the workforce still has no access to employer plans.

7/27/2017

Hedge funds managing less than $1 billion in assets are the lifeblood of the sector and "are often the cradle of the industry's innovations," writes AIMA CEO Jack Inglis. A study by AIMA and prime brokerage GPP finds a significant minority of respondents reporting profitability when managing assets of less than $50 million, compared with an $86 million break-even average for those managing less than $500 million.

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FINalternatives
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hedge funds, AIMA, AIMA, Jack Inglis