How advisors can add value to longevity planning | Lawyer answers question about FINRA's definition of expert witness | 2 SEC lawyers face possible conflicts of interest
August 18, 2017
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How advisors can add value to longevity planning
As life expectancy increases dramatically, the role of financial advisors in longevity planning grows more crucial, writes Kimberly Foss of Empyrion Wealth Management. She lists factors for advisors to consider as they seek to add value to the planning process.
Financial Planning (8/2017) 
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Policy Watch
Lawyer answers question about FINRA's definition of expert witness
Lawyer Alan Foxman offered clarification on the Financial Industry Regulatory Authority's definition of what constitutes an expert witness following a complaint that a witness called to speak at a recent FINRA hearing did not have relevant qualifications to comment on the case. Foxman notes the decision rests with the hearing officer and adds that if the complainant is not satisfied, the person may want to discuss appeal options with an attorney.
Financial Planning (8/2017) 
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2 SEC lawyers face possible conflicts of interest
Steven Peikin and William Hinman, both lawyers appointed to senior positions at the Securities and Exchange Commission, have ties to and holdings in major corporations that could pose conflicts of interest, according to government documents. "Steve and Bill are subject to and complying with all applicable ethics laws, rules, and regulations, and both are working with the agency's ethics counsel as needed," SEC spokeswoman Judith Burns said.
Reuters (8/17) 
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Building Your Business
Advisor explores ways to counsel risk-averse clients
Author and wealth planner Chris White acknowledges the difficulties of advising risk-averse clients, which he refers to as "Protectors," as their attitudes can make them reluctant to make investments or portfolio adjustments and likely to withdraw hastily at any suggestion of market turbulence. White offers six suggestions for helping them overcome their concerns and make sound financial decisions.
WealthManagement (8/17) 
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Retirement Focus
Quiz results indicate lack of retirement-income knowledge
Only 26% of people who took an American College of Financial Services retirement-income quiz got a passing score, and only 5% got at least 80% of the questions right. Respondents showed a particular lack of knowledge about annuities, with only 29% answering correctly that annuities cost less for older people.
PlanAdviser magazine (July/August 2017) 
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Survey reveals wealthy women's stance on investment management
Nearly all women in households with more than $4 million in investable assets are either sole or joint decision-makers regarding household banking, and 84% are at least somewhat responsible for the family's investments, an RBC Wealth Management survey finds. The survey also indicates that women in this classification -- which has been described as one of the world's largest emerging markets -- are more likely than men to seek financial advice and to be content with a general grasp of financial scenarios without needing to know details.
ThinkAdvisor (free registration) (8/17) 
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Get the most out of retirement with these 9 tips
Retirement should be a time that opens up new possibilities, but many fail to take full advantage, writes Dave Hughes. He recommends nine ways to get more out of these years, beginning with a mindset that is open to adventure.
U.S. News & World Report (8/17) 
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FSI Member News & Events
Prepare for the post-DOL fiduciary world
Prepare for the post-DOL fiduciary world
(Financial Services Institute)
Join us at FSI Forum: Thriving in a Post-DOL Fiduciary World from Sept. 11 to 13 in Atlanta. At FSI Forum, we'll explore ways to leverage the changes and uncertainty in the current climate to thrive and grow your business. You will also hear from thought leaders and industry experts, as well as collaborate with your peers in thoughtful discussions about the future landscape of the financial advice industry. FSI Forum is open to FSI members only. Register now!
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