Wealth Management
Top stories summarized by our editors
4/25/2017

Experts offer advice for building a quality workforce in rural areas, where recruiting financial advisors can be challenging. Tips include offering a salary or perks and creating a good corporate culture.

4/25/2017

Questions over what will become of the Labor Department's proposed fiduciary rule have the financial-services industry "in a pretty tenuous spot," said Robert DeChellis, president and chief strategist of Allianz Exchange and chairman of the Insured Retirement Institute's board of directors. The timing of the Senate's vote on R. Alexander Acosta, President Donald Trump's nominee for Labor Department secretary, will have big effect on the rule's time frame, said DeChellis and other panelists at an InvestmentNews event.

4/25/2017

Many broker dealers are working ahead of the effective date of the Labor Department's new fiduciary rule to review the way indexed-annuity sales are compensated. Some are considering bringing such sales in-house, which would give the broker-dealers greater control and could increase their revenues.

More Summaries:
Labor Department
4/25/2017

American Equity Investment Life Insurance, an annuity provider, has "never indicated we were going to pull back" from marketing products through the independent-agent channel, President Ron Grensteiner said.

4/25/2017

The simplicity, low cost and "magnification" of income-tax deferral could lead to sustained appeal for investment-only variable annuities, write Robert Bloink and William Byrnes. Using "a wide range of investment options theoretically allows an IOVA to offer downside protection through the use of hedging strategies and diversification," they write.

More Summaries:
Robert Bloink, William Byrnes
4/25/2017

Retiring early is a goal that remains out of reach for many Americans, but a good financial planner can help change that, writes Brian O'Connell. Following a checklist can make early retirement possible, he adds.

More Summaries:
Brian O'Connell
4/24/2017

President Donald Trump has signed executive orders suspending for 180 days provisions of the Dodd-Frank Act that authorize the liquidation of distressed banks and the designation of nonbanks as systemically important financial institutions. Trump has instructed the Treasury Department to review rules governing the procedures.

4/24/2017

Parents of young children tend to have numerous demands on their limited income, writes Kevin McKinley. He suggests advisors can offer a valuable service by helping them prioritize their expenditures, from covering the basics to saving for retirement.

4/24/2017

Federal Reserve Vice Chairman Stanley Fischer still expects two additional interest-rate increases this year. Positive data from China and Europe promise strong global economic growth, he says.

Full Story:
Bloomberg
More Summaries:
Stanley Fischer, Federal Reserve
4/24/2017

Retirement planning was relatively simple when pensions were common, but now a strategy is required, and too few baby boomers have one, writes Mark Huffman. Planning should include identifying sources of income, including Social Security, retirement accounts and part-time work.

Full Story:
ConsumerAffairs.com
More Summaries:
Mark Huffman, Social Security