What interest rates mean for saving behavior | 4 ways to keep college debt down | Schwab's Clark: Changes coming for advisers
February 20, 2018
FPA SmartBrief
A digest of news and industry updates for the financial planning community
Top Story
What interest rates mean for saving behavior
A study from the National Bureau of Economic Research explores the link between the interest-rate environment and people's attitudes toward saving, investing and retirement. Among their key findings, the authors state that in a low-rate environment, workers claim Social Security later but draw down their 401(k) accounts sooner.
ThinkAdvisor (free registration) (2/14) 
LinkedIn Twitter Facebook Google+ Email
Strategic Growth: Buy Another Firm
If you've grown your firm to the point at which you're contemplating the idea of an acquisition, check out this whitepaper from Oak Street Funding®. It discusses the pros and cons RIAs may not consider, the most strategic time for a bold move, and how to know when your firm is ready.
Practice Management
4 ways to keep college debt down
Clients and their children can minimize college debt even if they weren't able to save significant sums in 529 plans. Encouraging children to take advanced placement courses, choose their majors carefully and plan their course loads can make a big difference.
FPA Practice Management Blog (2/15) 
LinkedIn Twitter Facebook Google+ Email
Schwab's Clark: Changes coming for advisers
Technological evolution, including artificial intelligence and automation, is among the forces that could affect the advisory industry in the coming years, writes Schwab's Bernie Clark. "You can play a valuable part in empowering your clients to embrace change and adapt strategically to build a prosperous future," he writes.
Financial Planning online (2/16) 
LinkedIn Twitter Facebook Google+ Email
Eaton Vance on Washington
Get the latest "Inside the Beltway" insights from The Washington Update's Andy Friedman and Jeff Bush. They'll keep you on top of issues such as tax reform, health care, the federal budget and national energy policy, as well as strategies to consider in the changing political landscape. Learn more.
Policy Watch
NASAA president: States can enforce Labor fiduciary rule
State securities regulators have authority to enforce the Labor Department's fiduciary rule, and exercising that authority is "part of the normal scope of what states ought to be doing to protect their citizens," said Joseph Borg, director of the Alabama Securities Commission and president of the North American Securities Administrators Association. When Massachusetts' securities regulator filed charges against Scottrade, including a claim the broker-dealer had violated impartial-conduct standards of the fiduciary rule, "Massachusetts was certainly within its parameters," Borg said.
InvestmentNews (tiered subscription model) (2/16) 
LinkedIn Twitter Facebook Google+ Email
N.Y. seeks to offset impact of federal tax law
Caps on deductions for state and local taxes introduced in the new federal tax law could take a toll on New York residents, so Gov. Andrew Cuomo has introduced amendments to the fiscal 2019 budget to address the issue. Among other things, the amendments would create charitable funds to which taxpayers could donate to claim deductions.
ThinkAdvisor (free registration) (2/16) 
LinkedIn Twitter Facebook Google+ Email
Fraudsters use FINRA name in scam attempts
Scammers are using the Financial Industry Regulatory Authority's name and logo in an attempt to bilk investors, the organization warned. FINRA "does not guarantee investments, and our officers play no role in facilitating investment opportunities," noted Gerri Walsh, FINRA's senior vice president for investor education.
ThinkAdvisor (free registration) (2/18) 
LinkedIn Twitter Facebook Google+ Email
Industry Report
How social media affects millennials' finances
How social media affects millennials' finances
Research points to good saving habits among millennials, but a survey by Allianz Life found that 88% of respondents think social media creates a tendency to compare their lifestyles with others', and 57% say it has influenced them to spend money they had not planned to. "While every generation has experienced a need to 'keep up with the Joneses,' social media seems to have helped take it to a new level for millennials," Allianz's Paul Kelash said.
Financial Advisor online (2/14) 
LinkedIn Twitter Facebook Google+ Email
Investors need to know their risk tolerance, experts say
Retirement investors need to determine their risk tolerance, and a straightforward test of that is to have clients ask themselves how much they could stand to lose in a market downturn, experts say. However, a 2017 FinMason survey found that only 1 in 4 clients had received adviser input on how severe their losses could be in a crash.
Reuters (2/15) 
LinkedIn Twitter Facebook Google+ Email
Do your clients understand annuities?
Financial professionals should take the time to explain annuities to clients, even those who are knowledgeable about financial matters, and dispel commonly held myths about the products, said Dan Keady, chief financial planning strategist for TIAA. Advisers "are immersed in this information all the time, maybe for years, and they may forget that not all of their clients understand the nuances of financial products," he said.
Financial Advisor online (2/15) 
LinkedIn Twitter Facebook Google+ Email
FPA News
Increase your professional knowledge with the FPA Whitepaper Library
Serving clients and building a business requires financial planners to have access to the latest thinking available on both the practice and business of financial planning. The FPA Whitepaper Library is your opportunity to access whitepapers and content provided by many outstanding partners, including Vanguard, fi360, Cambridge, Commonwealth, T. Rowe Price and many others. Access this terrific content today to amplify your knowledge.
LinkedIn Twitter Facebook Google+ Email
Journal in the Round: Navigating the Student Loan Landscape
In this month's Journal in the Round, Adam Minsky, J.D. discusses his article in the February issue of the Journal on managing student loans. He will be joined by college planning expert Joe Messinger, CFP®, to discuss the growing problem of massive student loan debt in the US, and the different types of loans and repayment options that financial planners can know about to help clients navigate this challenging landscape. This live event will take place on Feb. 28 at 2 p.m. ET. Register today.
LinkedIn Twitter Facebook Google+ Email
Learn more about FPA:
Connect | Membership | JOIN FPA | EDUCATION
The better part of one's life consists of his friendships.
Abraham Lincoln,
16th US president
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
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  -  Derby Cox
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2018 SmartBrief, Inc.®
Privacy policy |  Legal Information