Industry News
Wealth Management
Top stories summarized by our editors
10/1/2020

CS1031 Williamsburg VA Apartments DST, a Delaware statutory trust offering from Capital Square 1031, has rolled out with a fundraising goal of $21.4 million. The offering involves a Class A property in Williamsburg, Va., that includes 198 apartment units across four buildings.

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The DI Wire
10/1/2020

Net-Leased Portfolio 37 DST, a Delaware statutory offering from ExchangeRight, has been fully subscribed. The portfolio of the $39.1 million offering contains properties in five states, with Dollar General and CVS among the tenants.

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The DI Wire
10/1/2020

Blackstone has purchased a manufacturing facility and distribution center in Seattle for $11.4 million. The 48,000-square-foot building, which traded in 2005 as part of a 1031 exchange, sits on 2 acres and includes a 7,505-square-foot office.

10/1/2020

Financial firms need to make sure their technology is updated as their business evolves, writes Erik Setterlind of Kalos Financial. He recommends firms do a quarterly or monthly review of their tech needs.

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Kalos Financial
10/1/2020

Environmental, social and governance investing is on the rise and represents an opportunity for advisors, writes Brie Williams of State Street Global Advisors. She discusses three things financial advisors should focus on when incorporating ESG investments into client portfolios.

10/1/2020

The coronavirus pandemic has changed what clients want from their advisors and what services they need, writes marketing consultant Samantha Russell. She discusses what this means for advisors' marketing and content strategies.

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Advisor Perspectives
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Samantha Russell
10/1/2020

Women are often less confident investors than men despite being a financial force, three Goldman Sachs execs said during a roundtable talk. The most important thing for women to do is to just begin to invest, says Managing Director and Chief Investment Officer Kara Murphy, who adds that seeking an advisor can help boost confidence.

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Kara Murphy
10/1/2020

A John Hancock survey found that average 401(k) balances range from $32,602 for those ages 32-37 to $133,626 for those aged 50-55. Only 44% of survey participants said they are on or ahead of schedule when it comes to retirement savings.

9/30/2020

Firms must meet the Disclosure Obligation to comply with the Securities and Exchange Commission's Regulation Best Interest. This article reviews how disclosures should be timed and documented, what advisors must disclose, how they should deliver the disclosures, and what they should expect from SEC and Financial Industry Regulatory Authority exams.

9/30/2020

The Securities and Exchange Commission says it has seen an increase in cyberattacks and urges advisors to step up cybersecurity. The SEC has reported cyberattackers are using a technique called "credential stuffing" in which credentials are stolen and used to access clients' money.