Industry News
Wealth Management
Top stories summarized by our editors
4/15/2021

ExchangeRight has taken Delaware statutory trust offerings Net-Leased Portfolio 4 DST and Net-Leased Portfolio 14 DST full cycle, generating a total return of as much as 168%. The offerings involving 28 properties had aimed to raise $35.8 million.

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The DI Wire
4/15/2021

Capital Square 1031 has paid $61.1 million for an age-restricted manufactured housing community in Lakeland, Fla. The 350-homesite property is meant for CS1031 Foxwood Village MHC DST, a Delaware statutory trust offering with a fundraising goal of $44.9 million.

4/15/2021

Interests in CF Summerfield Multifamily DST, a Delaware statutory trust, have been sold to a joint venture comprising Cantor Fitzgerald Income Trust and affiliates of Cantor Fitzgerald Investors. The DST owns a 478-unit apartment community in Landover, Md., having paid $115.5 million.

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The DI Wire
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DST
4/15/2021

The Labor Department has issued guidance related to its fiduciary investment advice exemption, including general background information and answers to frequently asked questions. The agency said it is continuing to consider issues relating to the exemption, as well as the regulation of fiduciary investment advice generally.

4/15/2021

The financial-services industry must evolve to help close the financial literacy gap for women, says Leslie Thompson of Spectrum Management Group. Women may be more comfortable discussing certain issues with female advisors, Thompson notes.

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Financial Advisor
4/15/2021

Being politely persistent can eventually lead to prospects becoming clients, writes Bryce Sanders of Perceptive Business Solutions. Sanders offers 10 ways to let prospects know you are still interested without badgering them.

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Sanders
4/14/2021

New York's legalization of recreational marijuana use is creating safety and liability concerns for the state's construction industry, experts say. The lack of a standard test for marijuana impairment means contractors must determine how to assess whether a worker is impaired on the job, and that risk could lead to higher workers' compensation prices, a construction trade group executive says.

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Construction Dive
4/14/2021

Wealthy people who have been managing their own investments, especially those with a financial background, can be loathe to turn over even some control to a financial advisor, writes Jonathan Bergman of TAG Associates. Bergman has developed a playbook to show these individuals the value of working with an advisor while still retaining control over their finances.

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WealthManagement
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Jonathan M. Bergman
4/14/2021

Financial advisors can do several things to help avoid burnout in the coronavirus-induced virtual work environment, writes Laura Cheeley of RBC Wealth Management US. Among Cheeley's recommendations are staying positive, establishing boundaries with clients and employees, and taking time off.

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Financial Planning
4/14/2021

The big increase in the money supply in the US is devaluing bonds, leading some financial experts to question the wisdom of a traditional investment portfolio of 60% stocks and 40% bonds. However, some advisors say they are staying the course, pointing to the long-term track record of the strategy's success in providing solid returns while reducing risk.