Wealth Management
Top stories summarized by our editors
1/17/2020

The Treasury Department will start selling a 20-year bond during the first half of this year. The product is being introduced to help with the budget deficit, which is expected to exceed $1 trillion this fiscal year and might continue at that level during the next 10 years.

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The Associated Press
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Treasury Department, Treasury
1/17/2020

The price-earnings to growth ratio, which gauges whether a stock is properly valued, is at the highest reading since Bank of America tracking began in 1986. Anything above 1 indicates overvaluation, and the ratio is at 1.8, meaning "the S&P 500 is running on fumes," BofA strategist Savita Subramanian says.

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CNBC
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Savita Subramanian
1/17/2020

Robert Jackson Jr. says he will leave Feb. 14 as a member of the Securities and Exchange Commission to return to teaching at New York University's law school. President Donald Trump is expected to nominate SEC lawyer Caroline Crenshaw to replace Jackson.

1/17/2020

Business email compromise is the latest cyberrisk that financial-services companies need to guard against, FBI Special Agent Michael Driscoll said during the 2020 FINRA Cybersecurity Conference. "Every business is getting targeted, from the smallest to the largest," he told attendees.

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Michael Driscoll
1/17/2020

In the past 10 years, the financial planning profession has undergone a series of seismic changes that have reshaped how advisers find clients and how they work with them, writes Stephanie Bogan, CEO of Educe, Inc. and the Financial Planner Mindset Coach in the FPA Coaches Corner. While looking ahead to the next decade can seem overwhelming, Bogan outlines several ways you can help shape your success between now and 2030.

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Stephanie Bogan
1/17/2020

The Groom Law Group has rolled out an online resource library offering information about the recently-passed Setting Every Community Up for Retirement Enhancement Act. The library resources, which are aimed at employers and retirement plan providers, include regulatory guidance, important deadlines and legal insights.

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PlanAdviser online
1/17/2020

A number of advisors discuss the retirement savings options available to those who are self-employed. Among them are fixed index annuities and universal life insurance linked to stock indexes.

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PlanAdviser online
1/17/2020

The National Association of Insurance Commissioners' Long-Term Care Insurance Task Force has hired a consultant to collect pricing data from long-term-care insurers in 19 states. The task force's goal is to create a uniform rate review process for long-term-care insurance premiums.

1/17/2020

Jill Froment, director of the Ohio Department of Insurance, has been selected to serve as chair of the National Association of Insurance Commissioners Life and Annuity Committee. The committee plays a major role in shaping the standards that govern the sale of life insurance and annuities.

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Annuity Committee
1/17/2020

There are five common mistakes financial planners make when running their businesses, says consultant Craig Hersch. They include trying to do too much, not upgrading technology and failing to utilize modern marketing techniques.

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WealthManagement