Wealth Management
Top stories summarized by our editors
4/27/2017

Corgenius CEO Amy Florian encourages advisors to help clients prepare for inevitable effects of aging by drafting a diminished-capacity letter that names trusted contacts and covers power of attorney. She says starting this conversation early, before any decline in faculties, is important and applauds a Financial Industry Regulatory Authority requirement that advisors do their best to obtain such information from clients.

4/27/2017

Puerto Rico might be able to repay only a fraction of bond debt, Gov. Ricardo Rossello says, while a plan for debt restructuring could shift to bankruptcy-type proceedings to decrease obligations. This could pose difficulty for hedge funds, which hold about one-third of Puerto Rican debt, because resolving the problem could take years.

Full Story:
Bloomberg
More Summaries:
hedge funds
4/27/2017

The hedge fund industry is in good health, despite challenges regarding fees and public perception, AIMA Chairman Simon Lorne says. Lorne also speaks in an interview about how the Trump administration, the Dodd-Frank Act and Brexit might affect the industry.

Full Story:
Reuters
4/27/2017

Data from Preqin show hedge fund investor searches issued for commodity trading advisers declined by more than one-third in the first quarter, while the industry in general has had its strongest start since 2013. A trend of underperformance has blunted investor appetite for CTAs, Preqin says.

More Summaries:
Preqin
4/27/2017

The possibility that the Trump administration will change how it treats carried interest, along with proposed tax increases in several states, are raising questions about whether hedge funds will exit areas where they are concentrated. Florida has been working to attract managers who are considering moving to a benevolent tax regime.

More Summaries:
hedge funds
4/27/2017

The announcement by Treasury Secretary Steven Mnuchin that the corporate tax rate might be cut to 15% and that the Trump administration's proposed tax reform will be completed by year-end caused only modest upward movement in major financial indexes.

4/27/2017

Authorities implemented rules after the financial crisis to prevent another catastrophe, but the regulatory tide has shifted, commentators write. An updated Financial CHOICE Act could alter how the Securities and Exchange Commission supervises markets, Peter Henning writes.

4/27/2017

A unique approach to investing might be one way to address the directives for fiduciary responsibility and transparency mandated by FINRA and the Labor Department's now-delayed Fiduciary Rule, writes Beth Glavosek. Called subordinated co-investing, it involves a sponsor contributing money to offset investor fees.

Full Story:
Blue Vault Blog
More Summaries:
Labor Department, FINRA
4/27/2017

Non-traded real estate investment trusts raised a total of $4.8 billion in 2016, a drop from $10.2 billion in 2015, according to Summit Investment Research. The exit of American Realty Capital and regulatory uncertainty surrounding the Labor Department's fiduciary rule were among the factors that led to the decrease.

4/27/2017

Resource Innovation Office REIT will restructure its initial public offering, turning the $1.1 billion offering into a perpetual-life entity. As such, the company has suspended the sales of Class A and Class T shares, which will resume after the restructuring has been completed.

More Summaries:
class A