Big life transitions are inevitable but the financial hardships that sometimes come along with them don't have to be, writes Marquette Payton, CDFA®, associate retirement director for the Defined Contribution and Wealth Advisor Services Team at Janus Henderson Investors. She offers four steps advisers can follow to "help a client avoid making hasty decisions that could affect their financial security."
Q3 2019 CIO Review and Outlook Matthews Asia CIO and Portfolio Manager Robert Horrocks, PhD, considers economic and investment trends affecting Asia's markets including: U.S.-China relations, the outlook for global economies, and navigating a slowdown in global growth. Watch the video.
Bosses micromanage people while leaders share vision and set direction and let employees maximize their own talents, says leadership expert Scott Miller. Among the traits he cites in good leaders are emphatic listening and modeling the right way to treat people.
Building trust within a financial firm or other organization can improve overall results and lead to more external trust, Matt Oechsli writes. To build trust, he recommends an exercise in which managers do thoughtful acts for every team member and track the results.
Every adviser should have seven essential business skills, including time management, goal setting and networking, consultant Jim Rohrbach writes. These skills will help advisers mentally prepare and allow them to "engage the marketplace," he writes.
Most financial advisers will benefit from a mix of online and traditional marketing methods, consultant Crystal Butler writes. She reviews six traditional marketing methods that remain effective, including face-to-face networking, direct mail and local media coverage.
The Federal Reserve must look at what has to be done to preserve the resilience of the financial system in the face of climate change risk, Governor Lael Brainard says. "It will be important for the Federal Reserve to take into account the effects of climate change and associated policies in setting monetary policy to achieve our objectives of maximum employment and price stability," she says.
Advisers and investment firms accounted for 36% for the Securities and Exchange Commission's stand-alone enforcement actions in fiscal 2019, the SEC says in an annual report. Broker-dealers accounted for 7% of stand-alone enforcement actions.
Some target-date funds do not adequately disclose to investors conflicts of interest that arise from use of affiliated funds and advisory firms, according to the Securities and Exchange Commission. The SEC says it has uncovered the problem in a review of more than 30 TDFs.
4 Practices to Elevate Your HSA Communications Learn how to increase employee engagement with your Health Savings Account (HSA) program through simple, proven best practices that will strengthen your HSA communications. Get the white paper.
Thirty-seven percent of financial advisers are projected to retire over the next decade, according to a report by Cerulli Associates. The report also found that nearly one-fourth of advisers who expect to retire in the next 10 years have no succession plan.
There is no such thing as opportunity cost when converting a traditional IRA to a Roth IRA, writes IRA expert Ed Slott. The only key consideration in making the conversion is whether it will save on taxes in the long run, he writes.
State and local pension plans had a median 47.3% of assets invested in US stocks at the end of the third quarter, according to Wilshire Trust Universe Comparison Service, an increase from 44.1% in Q3 of 2018 and the highest level since 2007. A need to compensate for shortfalls in numerous pension funds is cited as the main driver.
A study published by the Center for Retirement Research at Boston College finds 401(k) plans are falling short of their potential. The main reasons cited for people saving less than expected are that 401(k) plans are relatively new and that not all companies offer them.
Most financial planners are too caught up in the now to look ahead to tomorrow, much less five or ten years from now. Join SEI and FPA for the "Advisory Firms in 2030: The Innovation Imperative" webinar on Nov. 18 at 4 p.m. ET to gain insight into how our profession is -- and isn't -- anticipating evolving client needs. Register now.
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