| Twice-weekly summary of financial industry news |
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| Policy Watch | | |
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- SEC study must guide money-fund reforms, Aguilar says
The Securities and Exchange Commission's efforts to reform the money-fund industry must be informed by the study published by the agency last week, Democratic Commissioner Luis Aguilar says. "[W]hatever is proposed, the details of the specific proposal or proposals should be linked to and substantiated by the findings," he said. MarketWatch
(12/10)     
| Building Your Business | | |
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- Poll: Many younger investors favor video meetings with advisers
About 62% of high-net-worth investors younger than 55 would like to meet with their financial advisers via video at least some of the time, according to a survey by Cisco Internet Business Solutions Group. Among younger investors, about 57% said they would contemplate moving some assets to a firm that offered video meetings, compared with 19% of older investors. "Anything that saves this group time is important," says Ted Jenkin of oXYGen Financial. InvestmentNews (free registration)
(12/7)
| Financial Products | | |
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- Fee fall: 401(k)s are getting cheaper
Fees on 401(k) accounts have reached a new low, a study from investment consulting firm NEPC has found. The fees that have seen the biggest fall are those for record keeping, which were $92 per participant in 2012, compared with $118 in 2006, the study found. Business Finance
(12/10)
| Retirement Focus | | |
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- Downsizing in retirement might not bring savings
Lower property values mean that baby boomers who downsize their homes may not experience much of a financial win, experts warn. Even when the housing market was booming, seniors who downsized walked away with an average of $26,000 after purchasing a new home, one study found. In addition, some retirees find that their new homes come with costs similar to their old ones, or that they continue spending on leisure activities. The Wall Street Journal
(12/7)
| FSI Member News & Events | | |
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OneVoice is FSI's annual in-person gathering for the independent financial services firm community. OneVoice 2013 will give you a first look at what to expect next year, with insights into the November election results, changing consumer behavior, technology trends in 2013, new regulatory and compliance developments, and much more! Visit here for more information and to register for OneVoice 2013 today!
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--Voltaire,
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- Monday, December 10, 2012
- Thursday, December 06, 2012
- Monday, December 03, 2012
- Thursday, November 29, 2012
- Monday, November 26, 2012
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