Wealth Management
Top stories summarized by our editors
3/30/2017

Republican lawmakers are thought to be moving toward a block on state-sponsored individual retirement accounts proposed by California, Connecticut, Illinois, Maryland and Oregon. Such IRAs could burden employers, result in high fees and contravene federal law on retirement plans, opponents say.

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federal law
3/30/2017

The best states for retirement aren't necessarily the warmest after factors such as cost of living and quality of health care are considered. Bankrate finds New Hampshire, Colorado, Maine, Iowa and Minnesota the top five choices, while sunny Arizona and Florida are outside the top 10.

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Bankrate
3/30/2017

Women face handicaps when saving for retirement, but they can take positive steps to remedy this situation. Casey Dowd explains four: developing a written strategy, getting involved in family finances, planning how to stay on track despite inevitable disruption and formulating a contingency plan in case of emergency or divorce.

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Fox Business
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Casey Dowd
3/30/2017

The Investment Program Association submitted a comment letter in support of proposed amendments to FINRA 2210 that it says would correct current information disadvantages for those who invest through broker-dealers. "With the industry trending towards financial professionals who are dual registrants, and which operate as both an investment adviser representative and a registered representative, it is appropriate for FINRA's proposed rule amendments on projections to be aligned with the SEC rules in order to provide equal benefits to all investors, regardless of their financial professional's registration or affiliation," said IPA President and CEO Anthony Chereso.

3/30/2017

Public non-listed real estate investment trusts allow individual investors to benefit from the unique attributes and potential income associated with commercial real estate assets, writes Investment Program Association President and CEO Tony Chereso. "With interest rates still near historic lows and equity markets at record highs, the world's leading asset managers and wealth management firms believe there is going to be a demand for retail-friendly alternative investments such as PNL REITs," Chereso writes.

3/30/2017

FS Investments has launched FS Energy Total Return Fund, a $2 billion interval fund focused on public and private energy and energy infrastructure firms. "FS Investments looks for ways to help investors access alternative sources of income and growth in the market, and we believe the energy industry has great long-term fundamentals if you have the flexibility to invest selectively across the entire sector and capital structure," said FS Investments Chairman and CEO Michael Forman.

3/30/2017

Blackstone REIT recently acquired an industrial complex in Stockton, Calif., and a multifamily property in Mesa, Ariz., at prices of $32.5 million and $40.7 million, respectively. The REIT also purchased a $116 million interest in secured bonds on Blackstone's mortgage loan for Chicago's Willis Tower.

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CoStar Group
3/30/2017

CNL Healthcare Properties II has reduced the fees associated with its Class A, T, or I shares, all of which are priced at $10 each before sales commissions and fees. The REIT's $1.75 billion initial public offering was launched last March and broke escrow in July.

3/30/2017

Strategic Storage Growth Trust has acquired a 900-unit self-storage facility in Garden Grove, Calif. The non-traded REIT purchased the property for $18.4 million.

3/30/2017

Alternative exchange-traded funds that emulate hedge fund strategies have taken their biggest fall since early 2014, with investors withdrawing about $95 million this year, a Bloomberg analysis finds. Equity hedge, macro and managed futures are among the funds' strategies.

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Bloomberg
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Bloomberg