Wealth Management
Top stories summarized by our editors
12/8/2017

Impact Shares, a startup in Texas, plans to introduce exchange-traded funds that give back to nonprofit organizations and that focus on companies with good track records on the treatment of African-Americans and women. For example, the Impact Shares YWCA Women's Empowerment ETF includes shares of companies highly rated on women's issues.

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Fast Company online
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Impact Shares
12/8/2017

The classic quandary for investors centers on the relative strengths of growth versus value stocks. But wide divergences in performance this year suggest it's time to revisit that debate as well as the relative merits of active versus passive investing, writes Zachary Karabell, head of global strategies at Envestnet.

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Zachary Karabell
12/8/2017

Annuity expert Ken Nuss weighs the relative merits of fixed-rate annuities against certificates of deposit and contends that annuities are more beneficial in almost every respect. Benefits of fixed-rate annuities include significantly higher yields, tax deferrals and greater flexibility regarding early withdrawals.

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MD Magazine online
12/8/2017

The Senate Aging Committee issued a report and held a hearing on the challenges facing aging members of the US workforce, including age discrimination and employers' lack of accommodation for older workers. Senator Susan Collins, R-Maine, commented that "employers are going to need older workers; there aren't enough workers in the country that they can afford to discard the extraordinary skills, judgment and experience that older workers bring to the workplace."

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Next Avenue
12/8/2017

The Financial Industry Regulatory Authority has proposed several changes to the process of having complaints removed from disciplinary records. The regulator is looking to put a one-year limit on expungement cases, require a unanimous decision from a panel of arbitrators and raise the minimum filing fee to $1,425 from the current $50.

12/8/2017

Consultant Mindy Diamond explores the independent broker-dealer business model in a podcast, discussing why it is proving so popular among independent advisors. She also discusses what sets it apart from the registered investment advisor model, and notes what advisors should look for when selecting a broker-dealer.

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WealthManagement
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Mindy Diamond
12/8/2017

The fact that the world is turning digital is increasing people's desire for human connection, writes Matthew Bryan of The Guardian Life Insurance Company of America. He suggests ways advisors can use digital innovations to build rapport and emotionally connect with existing and potential clients.

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WealthManagement
12/8/2017

Johnny Roland of Aspire Planning discusses key lessons he learned at a conference of veteran financial planners. One of his takeaways is that advisors need to focus on exploring possibilities with clients rather than giving them the answers when it comes to retirement goals.

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Investopedia
12/8/2017

A Capital Group survey found 60% of retirees said life in retirement is better than they expected, while only 10% said it is worse, with many citing financial or health issues as the reason. Respondents said a number of retirement expenses were higher than anticipated, particularly health care, travel and taxes.

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PlanSponsor online
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Capital Group
12/8/2017

A report from the National Institute on Retirement Security found women age 65 and older are 80% more likely than men to be impoverished. The gender wage gap, the likelihood for women to be caregivers and women's longer life expectancy were cited as reasons.

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Forbes