Industry News
Wealth Management
Top stories summarized by our editors
10/15/2021

The Securities and Exchange Commission should consider how digital engagement practices in the so-called gamification era intersect with Regulation Best Interest, says SEC Investor Advocate Rick Fleming. He says digital engagement practices expose a "significant flaw" in Reg BI as "it appears the DEPs are being used in ways that make the distinction between solicited and unsolicited trades almost meaningless."

10/15/2021

The 15-year fight over singer James Brown's relatively simple estate highlights how good charitable giving planning can help avoid estate battles after a death. Experts discuss the need to be specific in bequests and charitable giving before and after death.

Full Story:
WealthManagement
More Summaries:
Singer
10/14/2021

Ten new members have been elected to the Institute for Portfolio Alternatives' board for terms that will begin Jan. 1. Also at the recent IPAVision conference, Cetera Financial's Matt Fries was named chair-elect of the board.

Full Story:
The DI Wire
10/14/2021

Inland Private Capital has received $108.9 million for the sale of two apartment properties in Fort Collins, Colo. The sales, carried out on behalf of Inland's Ft. Collins Multifamily Portfolio DST, generated a total return of 166.29% for investors, the company said.

Full Story:
The DI Wire
10/14/2021

A $30 billion follow-on offering from Blackstone Real Estate Income Trust has become the REIT's third to be registered with the Securities and Exchange Commission. BREIT introduced its initial offering in August 2016, and its three public offerings had raised about $33.5 billion as of mid-2021.

Full Story:
The DI Wire
10/14/2021

Capital Square 1031 has bought The Coach House, a manufactured housing community in the Florida Gulf Coast city of Palmetto. The property, purchased on behalf of CS1031 Coach House MHC DST, has 420 homesites across 80 acres and is limited to residents age 55 and up.

10/14/2021

Social Security's cost-of-living adjustment will be 5.9% next year, the biggest increase since 1982. That will mean $92 a month more for the average beneficiary, but representatives of senior groups say that's not enough to keep up with rising drug and housing prices and other costs.

10/13/2021

Increased construction material costs are putting strains on projects and raising the risk of contract disputes. A beneficial way to approach the situation is for all parties on a project to share cost risk through partnerships and contingencies, experts say.

10/13/2021

Prices for construction materials are soaring amid greater-than-expected demand, while the sectors that produce and distribute the materials are dealing with a diminished workforce, driving costs even higher, according to a surety executive. Copper and steel products, plumbing fixtures, and lumber are experiencing the strongest impact on availability and cost.

10/13/2021

Legislation under consideration in Wisconsin aims to increase competition for state construction projects by easing bidding requirements, and it would maintain an existing provision under which bidders must have full performance and payment bonds. Requiring the bonds "is sufficient to protect the interest of Wisconsin taxpayers," a state lawmaker said.