Wealth Management
Top stories summarized by our editors
4/19/2018

Consultant Angie Herbers discusses a team structure that has allowed her to help firms prepare young advisors for senior roles. Called a "Diamond Team," it is comprised of one senior advisor, two lead advisors and one entry-level associate.

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Angie Herbers
4/19/2018

Retirement expert Bob Carlson discusses six common misunderstandings about individual retirement account rules and strategies. Baby boomers are especially susceptible to pitfalls, as the rules become more complicated later in life, he writes.

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Forbes
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Bob Carlson
4/19/2018

Many retirees underestimate the amount of money they will spend in retirement, often due to helping family members, entertainment, long-term care and big-ticket items. A number of advisors offer tips on how to anticipate and cover these costs.

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Dana Anspach
4/19/2018

Nontraded real estate investment trusts' first-quarter fundraising totaled $938.1 million, data from Robert A. Stanger & Co. show. "The single event that is allowing the industry to turn the corner is the entry of Blackstone into the nonlisted REIT market and the distribution of their product by Wall Street investment banks," said Stanger's Kevin Gannon.

4/19/2018

Benefit Street Partners is poised to acquire business development company Triangle Capital's investment portfolio for $981.2 million. Business Development Corp. of America, which is managed by a Benefit Street affiliate, will buy part of the portfolio.

4/19/2018

Publicly registered nontraded real estate investment trust KBS REIT II has closed a two-year loan agreement for as much as $500 million. The loan facility includes $375 million of term debt and as much as $125 million of revolving debt, which will allow KBS REIT II "to further enhance our properties for the continued retention and attraction of world-class tenants," KBS CEO Chuck Schreiber said.

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KBS
4/18/2018

The California Department of Insurance plans to admit at least two more insurers that plan to write policies for the marijuana industry. The move comes despite the fact that some insurers are exiting the business after a warning letter this year from Attorney General Jeff Sessions.

4/18/2018

Senate Republicans, with support from President Donald Trump, are preparing to use the Congressional Review Act to repeal 2013 rules from the Consumer Financial Protection Bureau to discourage discrimination by auto lenders. Using the act on years-old rules, rather than recently adopted ones, raises concern decades of regulation might be at stake.

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Politico
4/18/2018

A mountainous destination may be just the ticket for retirees who love the outdoors. Kathleen Peddicord reviews three attractive but lesser-known mountain venues in Panama, Croatia and Colombia.

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Kathleen Peddicord
4/18/2018

A decline in variable annuity sales in the fourth quarter of 2017 compared to the year-ago period was offset by a rise in non-variable annuity sales, with overall annuity sales up 0.3% year over year, according to the Insured Retirement Institute. "With the [Labor Department's] fiduciary rule now vacated by the 5th Circuit Court of Appeals, we expect sales to continue building on these increases in 2018 as transaction friction abates," said Cathy Weatherford, IRI's president and CEO.