Commentary: Advisors, clients benefit from visually dynamic tools | US initial unemployment claims lowest since 1969 | Attorney: Look out for signs of dementia in clients
July 20, 2018
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Commentary: Advisors, clients benefit from visually dynamic tools
Digital tools that are visually dynamic and interactive can help advisors make more informed decisions when building a client portfolio, while also fostering engagement with clients, writes Matt Matrisian of AssetMark. Clients may be more likely to interact with advisors through the use of intuitive visual analytics, suggests Matrisian.
WealthManagement (7/19) 
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Policy Watch
US initial unemployment claims lowest since 1969
The number of Americans filing for state unemployment benefits fell last week to a seasonally adjusted 207,000, the smallest number since December 1969, the Labor Department said. Economists surveyed by Reuters expected claims to rise to 220,000.
Reuters (7/19) 
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Building Your Business
Attorney: Look out for signs of dementia in clients
A recent study found anxiety in middle age could increase the likelihood of developing dementia in old age, writes attorney Letha Sgritta McDowell. She highlights 10 signs from the Alzheimer's Association for advisors to look out for in their clients.
WealthManagement (7/19) 
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Survey: Advisors don't understand how clients see philanthropy
Many advisors are making inaccurate assumptions about their clients' views on charitable giving, according to a survey from the U.S. Trust. "Advisors who approach these conversations in a meaningful way -- focusing on personal goals and passions as well as the more technical aspects of giving -- are more likely to satisfy their clients' philanthropic needs while also growing their business," said Claire Costello of the U.S. Trust.
ThinkAdvisor (free registration) (7/19) 
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Technology Update
The Fed isn't worried about cryptocurrencies, Powell says
There aren't enough cryptocurrency assets being traded to present a threat to the financial system, Federal Reserve Chairman Jerome Powell told the US House Financial Services Committee. The central bank doesn't have any authority over cryptocurrencies and isn't interested in overseeing them, he said.
BloombergQuint (India) (7/18) 
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Retirement Focus
Survey: Many millennials can't bring themselves to invest for retirement
Millennials are largely confident about their ability to use financial products, but many are reluctant to actually put their money in the market, according to a survey from the Bank of the West. Ryan Bailey, head of the Bank of the West's retail banking group, explains what plan sponsors and advisors can do to help motivate millennials to invest for retirement.
PlanAdviser online (7/19) 
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Advisor: Investors don't understand target-date funds' risks
Research shows use of target-date funds is growing, with around half of savers putting all of their money in a single target-date fund in 2017, according to Vanguard. Few investors understand that target-date funds have higher fees and may carry more risk than index funds, writes Nir Kaissar of Unison Advisors.
Bloomberg (tiered subscription model) (7/18) 
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Small-business owners can benefit from a qualified retirement plan
Small-business owners can maximize their qualified business income deduction under the new tax law by setting up a qualified retirement plan.
Tax Insider (7/19) 
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FSI Member News & Events
FSI Forum -- Sept. 24-26, The Grand America Hotel, Salt Lake City
FSI Forum -- Sept. 24-26, The Grand America Hotel, Salt Lake City
FSI Forum is an in-depth, issues-focused educational conference that includes both advisor-focused and firm executive-focused sessions. At FSI Forum 2018, you will network and engage with your peers from across the independent financial services industry, in thought-provoking sessions and discussions focused on the hottest issues facing advisors and executives. Sessions will cover a variety of topics that will help you grow your business and serve your clients better than ever before. Go here to learn more and register.
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Bill Bachrach AdvisorRoadmap Virtual Training -- FSI member discount!
FSI has partnered with Bill Bachrach to bring our members a robust online virtual training platform packed with interactive training courses, videos, scripts, demonstrations and high-value resources to help you master the communication skills and repeatable processes that are crucial to acquiring and serving ideal clients. FSI members receive a $400 discount off the annual retail price offered to non-members. Go here to learn more about this offer. Want to take a test drive? We are also offering a monthly webinar that explains the details of the program.
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