Wealth Management
Top stories summarized by our editors
5/23/2019

Federal Reserve officials are in agreement a patient approach to interest rates is the right course to take "for some time," according to meeting minutes. Many members support Chairman Jerome Powell's opinion that recent weakening of inflation is "likely to be transitory."

5/23/2019

Companies can benefit from reverse mentorship programs in which older employees listen to younger ones to gain insights about subjects such as technology and societal changes, writes consultant Jarrod Upton. Benefits of reverse mentoring can include removing intergenerational barriers, empowering younger employees, avoiding group think and limiting turnover, he writes.

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Jarrod Upton
5/23/2019

Tax rules related to Opportunity Zones have led investors to show more interest in Louisiana, writes Anthony McAuley. Tight deadlines for Opportunity Zone investments have led to a "Wild West" situation in the state, said property investor and developer Dennis Stump.

5/23/2019

Non-traded real estate investment trusts often have an advantage over their publicly traded counterparts because they are less volatile and not as subject to daily price changes, writes Lew Feldman. Investors with a long-term approach may find that non-traded REITs "offer an underappreciated appropriate investment solution," Feldman writes.

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Seeking Alpha
5/23/2019

Black Creek Industrial REIT IV will buy a five-building industrial for $115 million in a transaction expected to close in the third quarter. The purchase will be funded with proceeds from a public offering and two fixed-rate mortgages.

5/23/2019

The Securities Exchange Commission's Regulation Best Interest final rule may be released soon, and broker-dealers will be interested to see if the framework and obligations will remain the same and if the SEC incorporated any public comments, says Bank of America Associate General Counsel Evan Charles. Fidelity Brokerage Services Chief Compliance Officer Norm Ashkenas says he will be interested to see if the final rule clarifies disclosure requirements and whether it will keep the broker-dealer buy-and-hold investor model in place.

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Financial Advisor IQ
5/23/2019

JLL Income Property Trust has purchased Stonemeadow Farms, a 280-unit apartment community in Bothell, Wash., for $81.8 million. "We expect investments of this type to perform better in a late-cycle environment -- which is one of the drivers of our suburban apartment strategy focused on properties in locations with barriers to entry and highly rated school districts," JLL President and CEO Allan Swaringen said.

5/23/2019

Strategic Storage Growth Trust II, a private real estate investment trust that SmartStop Asset Management sponsors, has completed its second purchase for an undisclosed amount, a 587-unit self-storage facility in Phoenix, Ariz.

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SmartStop Asset Management
5/23/2019

The large-scale risk transfer of defined-benefit plan liabilities can cause a painful balance sheet hit for the plan sponsor. However, a company may be able to avoid this by transferring only part of its pension liabilities to an annuity, says Brian Donohue of October Three Consulting.

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PlanAdviser online
5/23/2019

Annuity sales platforms can help financial professionals engage with customers more effectively, but all have their strengths and weaknesses, writes technology expert Thiru Sivasubramanian. "The appropriate option -- or options -- comes down to the advisor's business model and requirements," he writes.