Fed divided on when to raise interest rates | Advisers increasingly communicate with clients via texting | Commentary: Advisers must be aware of their online presence
August 18, 2017
JOIN FPA ⋅ EDUCATION ⋅ BUSINESS SUCCESS ⋅ MEMBER DISCOUNTS
FPA SmartBrief
A digest of news and industry updates for the financial planning community
SIGN UP ⋅   FORWARD
Top Story
Fed divided on when to raise interest rates
A conflict is developing among Federal Reserve policymakers over the timing of future interest-rate increases, minutes of the last Federal Open Market Committee meeting show. One group expressed concern about a decline in inflation, while others warned of the dangers of further delaying rate increases.
CNBC (8/17),  The Wall Street Journal (tiered subscription model) (8/16),  The New York Times (free-article access for SmartBrief readers) (8/16) 
LinkedIn Twitter Facebook Google+ Email
CONFIDENCE STARTS WITH 5.25% INCOME AT 65.
With Lincoln Lifetime IncomeSM Advantage 2.0, you can give your clients the power of knowing they'll have the income needed to help maintain their lifestyle through retirement. See the impact a known source of income can have on your client's retirement strategy.
ADVERTISEMENT
Practice Management
Advisers increasingly communicate with clients via texting
Advisers are turning to text messaging for client communication, tech managers and suppliers say, noting that texts are preferred by many digitally savvy clients and generally score a higher read rate as email inboxes become cluttered. In response to a directive from the Financial Industry Regulatory Authority that texts must be recorded and stored, tech providers are developing archiving software.
InvestmentNews (tiered subscription model) (8/16) 
LinkedIn Twitter Facebook Google+ Email
Commentary: Advisers must be aware of their online presence
Commentary: Advisers must be aware of their online presence
(Pixabay)
Prospective clients are likely to research potential advisers, writes communications specialist Megan Carpenter, who argues advisers should take care to craft their online presence to send the right message. She suggests a quick test to see if that presence is up to snuff.
InvestmentNews (tiered subscription model) (8/10) 
LinkedIn Twitter Facebook Google+ Email
 
Policy Watch
Firms postpone changes with fiduciary rule likely delayed
Financial firms are putting off changes they had planned to comply with the Labor Department's fiduciary rule now that they are confident enforcement will be postponed a significant period. The extra time is particularly welcomed by broker-dealers, who might have to coordinate with hundreds of asset managers to comply with restrictions on commission.
InvestmentNews (tiered subscription model) (8/16) 
LinkedIn Twitter Facebook Google+ Email
Regulatory unwind reckless, Fed's Fischer says
Regulatory unwind reckless, Fed's Fischer says
Fischer (Mandel Ngan/Getty Images)
Republicans' drive to reverse post-crisis financial regulation, particularly capital and liquidity requirements for large institutions, is "dangerous and extremely shortsighted," said Federal Reserve Vice Chairman Stanley Fischer.
Financial Times (tiered subscription model) (8/16) 
LinkedIn Twitter Facebook Google+ Email
 
States push ahead with small-business retirement plans
The number of US states and cities that have introduced or will introduce auto-enrollment retirement systems for private-sector employees now stands at 31, according to the Georgetown Center for Retirement Initiatives. The trend is in apparent defiance of opposition from Republican members of Congress, who have tried to block such plans.
Financial Advisor online (8/14) 
LinkedIn Twitter Facebook Google+ Email
Fiduciary rule delay may end best-interest contract
The Labor Department's proposal to delay full implementation of its fiduciary rule may mean an end to one of its most controversial aspects, the best-interest contract, according to several industry observers. Those opposed to the BIC argue it is overly complicated and would raise liability costs.
InvestmentNews (tiered subscription model) (8/15) 
LinkedIn Twitter Facebook Google+ Email
Industry Report
Study tracks changes in how 20-somethings invest their 401(k) plans
An Investment Company Institute and Employee Benefit Research Institute study compared how people in their 20s invested within their 401(k) plans in 2015 with how 20-somethings invested in 1996. While the majority of allocations have gone into equities in both cases, the study showed investor preference has shifted from equity funds and company stocks to balanced funds, including target-date funds.
ThinkAdvisor (free registration) (8/15) 
LinkedIn Twitter Facebook Google+ Email
Retirement plan design tool aims to help sponsors, advisers
Principal Financial Group is rolling out a retirement plan design tool for advisers and plan sponsors. The tool enables users to model different plan designs with features such as automatic enrollment, auto-escalation and stretch-match formulas using real client data.
PlanAdviser online (8/15) 
LinkedIn Twitter Facebook Google+ Email
FPA News
FINAL CALL! Save $200 on the top educational event for advanced financial planners
FINAL CALL! Save $200 on the top educational event for advanced financial planners
FPA Annual Conference (FPA)
Get the tools, ideas and strategies you need to take your practice to the next level at the FPA Annual Conference 2017. The event, held Oct. 2-4 in Nashville, TN, will feature top-level content on health care, tax reform, behavioral economics and more. Register by TODAY (Aug. 18) to save $200 on the conference rate. Register Now!
LinkedIn Twitter Facebook Google+ Email
 
Do you want to get media queries in your inbox? Be a part of FPA MediaSource!
Reporters from around the country are sending out media queries to CFP® professional members of FPA each day. They provide FPA members with a great opportunity to actively engage reporters on the stories they are working on while providing them with an opportunity to build name recognition and awareness! Want to take part? Simply attend the All-Member Virtual Media Training on Sept. 14 at 4 p.m. EDT to take the first step to being part of the system. Register today!
LinkedIn Twitter Facebook Google+ Email
Learn more about FPA:
Connect | Membership | JOIN FPA | EDUCATION
BUSINESS SUCCESS | MEMBER DISCOUNTS
  
  
There is only one success ... to be able to spend your life in your own way.
Christopher Morley,
journalist and writer
LinkedIn Twitter Facebook Google+ Email
  
  
About FPA
The Financial Planning Association® (FPA®) is the largest membership organization for CFP® professionals in the U.S. and also includes members who support the financial planning process. Working in alliance with academic leaders, legislative and regulatory bodies, financial services firms and consumer interest organizations, FPA helps connect all in our membership through a variety of unique and compelling ways. Learn more at www.OneFPA.org.
 
Contact FPA
Financial Planning Association
7535 E. Hampden Ave., Suite 600
Denver, CO 80231
Phone: 800.322.4237
International: 303.759.4900
Member.Services@OneFPA.org
www.OneFPA.org
Advertise with FPA
The Financial Planning Association offers both print and online advertising opportunities.
Learn more or view our Media Kit.
Sign Up
SmartBrief offers 200+ newsletters
Subscriber Tools:
Contact Us:
Advertising  -  Abiy Bekele
P: 919.931.5915
Editor  -  Charles Tomlinson
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2017 SmartBrief, Inc.®
Privacy policy |  Legal Information