LPL Financial, the country's biggest independent broker-dealer, has closed on its purchase of National Planning Holdings, an IBD with 3,200 advisors. The initial purchase price is $325 million, but that could rise to more than $500 million depending on how much NPH business migrates to LPL.
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.
Treasury yields rose after Federal Reserve Bank of New York President William Dudley said he favors another interest-rate increase this year if economic improvement appears. The Fed balance sheet likely will fall to between $2.5 trillion and $3.5 trillion five years after shrinkage starts, he said.
Mortgage-backed securities likely will take the biggest hit from the Federal Reserve's shrinkage of asset holdings, analysts predict. The yield spread between Treasurys and mortgage bonds has nearly tripled from a low in 2016, and it is expected to double in the next year.
The Inland Difference Standing Shoulder-to-Shoulder with Investors for 48 Years Integrity, expertise and 48 years of experience define Inland. Our management acumen, financial strength and operational expertise allows us to focus on the operations of our properties and the fundamentals of our business to create real value for stockholders.
Publicly registered nontraded real estate investment trust KBS Strategic Opportunity REIT II has filed a $625 million registration statement for a secondary offering. The REIT's filing with the Securities and Exchange Commission includes plans for $500 million in Class A and T shares, along with $125 million in distribution reinvestment plan shares.
Montecito Marketplace, a grocery-anchored neighborhood shopping center in Las Vegas, has been purchased by JLL Income Property Trust, an institutionally managed, daily valued perpetual life real estate investment trust, for about $63 million. "Montecito Marketplace is an excellent fit within JLL Income Property Trust's retail portfolio, as we increase exposure to high-quality, grocery-anchored centers in strong metropolitan markets," said JLL Income President and CEO Allan Swaringen.
NorthStar Securities is the broker-dealer affiliate of Colony NorthStar, Inc. (NYSE: CLNS), a leading global real estate and investment management firm. NorthStar Securities offers a diverse range of institutional-quality alternative investment programs designed to meet a variety of investor objectives.
GOP lawmakers are setting their sights on tax reform, an issue they believe voters will be enthusiastic about, after they failed to enact health care legislation. Legislators and strategists are eager to present their plan, which they say will simplify the tax code, create jobs and put more money into taxpayers' wallets.
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.
Health savings accounts are growing in popularity as a way to boost retirement savings while offering what financial planner Sophia Bera calls a "triple tax benefit." "The money is tax deductible when you put it in, it grows tax-deferred and you can take it out tax free if used for qualified medical expenses," she said.
Prospective clients are likely to research potential advisors, writes communications specialist Megan Carpenter, who argues advisors to 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.
For over 30 years, the Investment Program Association (IPA) has supported individual investor access to a variety of
asset classes not correlated to the traded markets and historically available only to institutional investors, including:
non-listed REITs, non-listed business development companies (BDCs), energy and equipment leasing programs and real estate
private equity offerings. Direct Investment products have been held in the accounts of more than 2.8 million individual
investors. They remain a critical component of an effectively diversified investment portfolio and serve an essential
capital formation function for the U.S. economy. The mission of the IPA is advocating Direct Investments through education
and public awareness.