Wealth Management
Top stories summarized by our editors
3/24/2017

A correlation exists between the number of referrals an advisor gains and the number of connections an advisor makes with clients via Facebook, according to research by Stephen Boswell and Kevin Nichols of The Oechsli Institute. The study shows advisors who connect with clients regularly on Facebook receive significantly more referrals than those who don't, suggesting Facebook is an important differentiator in word-of-mouth influence when used properly.

3/24/2017

Caregivers to victims of elder financial abuse incur an average cost of $36,000, a study by Allianz Life shows. This has prompted a call for protection from collateral damage for caregivers, who are set to increase in coming years.

3/24/2017

A majority of US workers, totaling 84% across all demographic and ethnic groups, declared themselves in favor of state-sponsored retirement programs in a survey by AARP. While seven states operate plans of this type, there is some speculation that the US Senate may order employers to be their sponsors and fiduciaries instead.

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US Senate, AARP
3/24/2017

Paying down debt aggressively and saving too much in retirement accounts could be a mistake, author Thomas Anderson says. His latest book, "The Value of Debt in Building Wealth," offers unique advice on debt and savings and extols the importance of liquidity.

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Bloomberg
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Thomas Anderson
3/24/2017

Uncertainty exists regarding when the Labor Department's new fiduciary rule will take effect, or whether it will ever go into effect, lawyers say.

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Forbes
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Labor Department
3/24/2017

The Insured Retirement Institute's 2017 Retirement Security Blueprint makes a priority of removing barriers to offering annuities and other lifetime income options in employer-sponsored retirement plans. "Congress or the Department of Labor should clarify employer fiduciary responsibility in the annuity selection regulations to allow employers to select lifetime income products provided by insurers that meet certain existing regulatory requirements," IRI says.

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PlanAdviser.com
3/24/2017

Developers of a new fintech app called Truelytics claim it could help advisors increase earnings by as much as 20%, by examining efficiency and setting benchmarks. Once the advisor has entered the required data, the app rates the stability of their business, clients and market, and compares their numbers with industry standards, which sets clear indications on where profitable improvements can be made.

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Benzinga.com
3/24/2017

Nearly twice as many investors with a written plan as those without one are highly confident of a comfortable retirement, according to the Wells Fargo/Gallup Investor and Retirement Optimism Index. The index shows higher confidence overall, with 78% of investors thinking they can maintain the lifestyle desired in retirement, an increase from 69% in 2014.

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PlanSponsor.com
3/23/2017

People aiming for early retirement must follow an aggressive savings plan to account for a shorter time span for investment. Katie Brewer reviews five steps, including a frank assessment of someone's financial situation.

3/23/2017

Global bond exchange-traded funds have experienced their first outflow of 2017 as a net $800 million left in the week that ended March 8. The last time the asset class saw outflow was right after the election of President Donald Trump.

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Donald Trump