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January 3, 2013
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Advocating Direct Investments through Education

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  • Merrill Lynch sells nontraded REIT, citing mass-affluent demand
    Bank of America Merrill Lynch has begun selling the Jones Lang LaSalle Income Property Trust, a nontraded real estate investment trust. The offering marks the first time a major wirehouse has sold a nontraded REIT. "We believe there is significant demand for an attractive, direct core real estate investment product among mass-affluent investors," said Keith Glenfield, head of alternative investments at Merrill Lynch. InvestmentNews (free registration) (1/2) LinkedInFacebookTwitterEmail this Story
  Policy Update 
  • Khuzami reportedly will step down as SEC enforcement chief
    Robert Khuzami, who has headed up the Securities and Exchange Commission's enforcement unit since 2009, plans to leave the agency as soon as this month, sources say. Under his watch, the unit's power has expanded, but he was also criticized for reaching high-profile settlements with Goldman Sachs, Citigroup and JPMorgan Chase. Bloomberg (12/20), The Wall Street Journal (12/20) LinkedInFacebookTwitterEmail this Story
  Industry News 
  Income Planning 
  • Number of alternative mutual funds soars
    Mutual fund operators are attempting to mimic the success of hedge funds by offering alternative mutual fund options. The alternative funds, which can include strategies like shorting or investing in complex derivatives, have seen sharp growth in recent years. More than half of these alternative mutual funds have been founded since 2008, according to Morningstar. Financial Advisor online (12/26) LinkedInFacebookTwitterEmail this Story
  • A formula for shielding fixed income from inflation
    Inflation can signficantly reduce a retiree's purchasing power, retirement planner Henry Hebeler writes. A solution, he writes, is to multiply the after-tax value of one's annual fixed-income amount by one's age, then divide the result by 100. That's the amount it's safe to spend, and the rest should be invested. "[I]f you spend all of your after-tax pension or annuity each year, you are likely to lose over half of the purchasing power before you die," he writes. MarketWatch/The RetireMentors blog (12/27) LinkedInFacebookTwitterEmail this Story
  • How to wean clients from their overweight cash positions
    Clients who want to maintain an overweight position in cash but still generate single to mid-teen returns can be a challenge, writes Dan Richards, a faculty member in the MBA program at the University of Toronto. He offers four tips to gently move such clients off of some of their cash holdings -- be empathic, take baby steps, look at alternatives to stocks and show them star investor Warren Buffett's bearish take on the bond market. Advisor Perspectives (12/26) LinkedInFacebookTwitterEmail this Story
  Business Best Practices 
  • Tech developments that advisers can expect this year
    Clients increasingly will demand mobile applications in 2013, experts say. Integrating technology, outsourcing specialized work and increasing social media activity are among other top technology trends for advisers this year, Joyce Hanson writes. AdvisorOne (12/19) LinkedInFacebookTwitterEmail this Story
  IPA Member Information 
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