NASAA proposes info-security model rule for advisors | Addition of SEC commissioner could hasten approval of Reg BI | Report shows investors more diverse than commonly thought
September 25, 2018
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NASAA proposes info-security model rule for advisors
A model rule proposed by the North American Securities Administrators Association would require advisors to adopt information-security policies and to share privacy policies with clients. The group seeks public comment on the proposal until Nov. 26.
ThinkAdvisor (free registration) (9/24) 
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ThinkTank's digital library allows advisors to search for white papers by topic, find value-add content to share with clients, and earn CFP® CE credit. Find a white paper to read on ThinkTank.
Policy Watch
Addition of SEC commissioner could hasten approval of Reg BI
The confirmation of Republican Elad Roisman to the Securities and Exchange Commission this month could speed up approval of Regulation Best Interest, experts say. Industry observers say SEC Chairman Jay Clayton is now likely to bring the issue to a quick vote.
Financial Planning online (9/24) 
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Building Your Business
Report shows investors more diverse than commonly thought
A Morningstar report shows the investing population is diverse, despite "this common stereotype of an old, rich, white guy," report author Jake Spiegel says. The report says about one-quarter of investors are nonwhite, more than one-third of investors make less than the $52,700 median household income and one-quarter of investors are younger than 37.
InvestmentNews (tiered subscription model) (9/24) 
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Financial Products
US indexes fall as trade tensions mount again
Major US stock indexes have declined from highs of last week as concerns increase regarding the escalating trade dispute with China. Industrial stocks, which could prove most vulnerable to tariffs, have suffered some of the largest losses on the S&P 500.
The Wall Street Journal (tiered subscription model) (9/24) 
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Retirement Focus
Study: Affluent tend to donate to charity in life, not death
Most high-net-worth individuals donate to charities while they are alive, rather than through wills, according to a study by the Urban Institute. However, posthumous donations tend to be much larger than contributions were during givers' last years of life, the study finds.
ThinkAdvisor (free registration) (9/24) 
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Early retirees can manage income to obtain ACA subsidies
Early retirees might qualify for Affordable Care Act premium subsidies for individual health insurance if they manage income so it stays below limits, advisor Jonathan Guyton writes. Ways to do so include increasing traditional 401(k) contributions and withdrawing from excluded sources of income, such as Roth individual retirement accounts and Roth 401(k) plans.
The Wall Street Journal (tiered subscription model) (9/24) 
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A closer look at Aretha Franklin's estate
Aretha Franklin's lack of a will does not necessarily mean she had no plan, Sandra Glazier writes. Glazier discusses questions surrounding Franklin's estate, including privacy issues.
WealthManagement (9/24) 
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How to calculate whether you're better off delaying Social Security
When deciding whether to delay Social Security or to take it early, calculate the break-even point to see how long it takes to recoup payments lost by waiting, Christy Bieber writes. Bieber suggests dividing the amount received through early claiming by the higher monthly benefit received if claiming is delayed.
The Motley Fool (9/16) 
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FSI Member News & Events
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