Industry News
Wealth Management
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7/13/2020

Environmental, social and governance investment funds must supply more transparent information about the strategy of products, Securities and Exchange Commission member Elad Roisman says.

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SEC, SEC
7/13/2020

The coronavirus pandemic has led more than 180 firms listed on the S&P 500 to withdraw earnings guidance, leaving investors to make their own calculations and prompting the widest divergence in analyst estimates since at least 2007. However, analysts responding to a FactSet poll agree the second quarter probably saw the deepest point of the downturn.

7/13/2020

Hedge funds that launch with more capital and do well in their first year tend to survive for longer, new research from Goldman Sachs shows. The study authors found that while most funds survive their first year, just 62% are still operating as they reach five years.

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Reuters
7/13/2020

Hedge fund performance slumped during the first half of the year as the four leading hedge fund strategies struggled to make headway during the coronavirus pandemic, new figures from Hedge Fund Research reveal. Overall, the sector lost a record-breaking 7.9% on an asset-weighted basis, with event-driven funds down 9.6% while relative-value funds fared better than others in losing 5.1%.

7/13/2020

The Securities and Exchange Commission is considering plans that would mean money managers such as hedge funds with equity holdings below $3.5 billion can avoid quarterly Rule 13F filings. "Today's proposal will update, for the first time in over 40 years, the 13F reporting threshold to a level that furthers the statutory goal of enabling the SEC to monitor holdings of larger investment managers while reducing unnecessary burdens on smaller managers," SEC Chairman Jay Clayton said.

7/13/2020

The IRS said it will begin audits of several hundred high-net-worth taxpayers on Wednesday. Wealthy clients should have a coordinated strategy to prepare for possible examinations pertaining to income sources, gifts, estate planning and foreign financial accounts, among other matters, recommend attorneys Erin Gladney and Paul DePasquale.

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WealthManagement
7/13/2020

A survey by Allianz Life found that more than half of Americans are forced to retire sooner than planned. This article lists a six-point plan for keeping your clients' retirement dreams alive.

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Kiplinger online
7/13/2020

Financial advisors using Instagram for marketing are a step ahead of the industry, writes Stephen Boswell of The Oechsli Institute. He answers five common questions advisors ask about the social media platform.

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WealthManagement
7/13/2020

Podcasts are not as valuable as radio shows when it comes to prospecting, but they still have value, writes Scott Hanson of Allworth Financial. Podcasts aid in client retention and can provide timely information to listeners, he writes.

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Scott Hanson
7/13/2020

The Society of Actuaries has released a report on how retirees can manage the risk of outliving their resources. Strategies include lifetime income products, delaying Social Security and reverse mortgages.

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TheStreet
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Society of Actuaries