Wealth Management
Top stories summarized by our editors
4/3/2020

Financial planners need to be there for their clients, and not just to deal with their finances, writes Susan Bradley, founder of the Sudden Money Institute. She offers three tips for dealing with stressed-out clients who may be going through a financial or life transition.

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Advisor Perspectives
4/3/2020

It's important for advisers to do social contacting right now, but it needs to be done without without seeming too opportunistic, write Stephen Boswell and Kevin Nichols of The Oechsli Institute. Checking on social contacts, sharing a relatable story, listening to their concerns and answering their questions are ways to do that, they write.

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WealthManagement
4/2/2020

The compliance date for the Securities and Exchange Commission's Regulation Best Interest and the Customer Relationship Summary form will remain June 30, SEC Chairman Jay Clayton said. Firms that are concerned about meeting filing deadlines because of the coronavirus outbreak "should engage with us," Clayton said.

4/2/2020

A rare mid-month update from Hedge Fund Research reveals that the average hedge fund lost 4.5% during the first two weeks of the month as the effects of the coronavirus outbreak hit financial markets. But while quant-driven strategies have struggled, macro strategy funds have weathered the storm better, leaving hedge funds on average ahead of markets overall.

4/2/2020

Credit Suisse has urged China-focused hedge funds to be more proactive in their communications with clients about the risks and rewards in the Chinese marketplace. The call comes as fears grow that US private-equity investors will seek to redeem their exposure to raise cash at a time when some funds have introduced lock-up periods to manage liquidity issues.

4/2/2020

The CAI Investments Coatesville Delaware statutory trust offering has been fully subscribed, raising almost $18.7 million. The offering involves an industrial facility in Coatesville, Pa., that spans 152,900 square feet and sits on about 20 acres.

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The DI Wire
4/2/2020

Strategic Storage Growth Trust II has bought a self-storage facility in Homestead, Fla. The Class A facility comprises four buildings across 3.2 acres and has 970 units and about 30 spaces for recreational vehicles.

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The DI Wire
4/2/2020

ExchangeRight has reported full subscription of the Net-Leased Portfolio 31 Delaware statutory trust offering, worth $119 million. The portfolio has health care and retail properties in 10 states, with tenants such as CVS and Dollar General.

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The DI Wire
4/2/2020

The price of oil has plunged amid the coronavirus pandemic and a price war between Saudi Arabia and Russia, creating opportunity for direct energy investors, writes Matthew Iak, executive vice president of US Energy Development. Investors can capitalize if companies with high leverage and debt are forced to sell assets, Iak writes, or investors can focus on Opportunity Zones that contain oil and gas operations.

4/2/2020

The Securities and Exchange Commission is continuing to monitor advisory firms remotely during the coronavirus pandemic and expects them to identify conflicts of interest and make meaningful disclosures, current and former regulators say. David Bartels of the SEC's Division of Investment Management said firms should not rely on the word "may" too much and should show they have made efforts to consider potential conflict scenarios.