Wealth Management
Top stories summarized by our editors
1/22/2018

It is estimated cybercriminals already possess personal data on more than half of adults in the US, which prompts Lou Harvey of financial-services market researchers Dalbar to claim better authentication is the primary defense. Harvey says current authentication practices that use passwords, PINs and Social Security numbers will not suffice, and notes, "The threat [has changed] from the inconvenience of data loss to the economic impact of the loss of personal wealth."

1/22/2018

In a recent survey by John Hancock Financial Services regarding how couples save for their financial goals, one-third of respondents said they have felt annoyed or confused by the process. Thirty percent of millennials in a relationship admitted to having a financial secret their partner is unaware of.

1/22/2018

Caring for elderly parents brings stress, negative consequences at work and a reduced ability to save, according to a study by the Transamerica Institute. All of these can in turn jeopardize a caregiver's retirement, the study notes, while also suggesting solutions, including looking into Medicaid and seeking family leave from your employer.

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USA Today
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Transamerica Institute, Medicaid
1/22/2018

No matter your age, you can take steps to firm up your retirement savings. Jill Schlesinger breaks down the best savings pointers for each living generation.

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Jill Schlesinger
1/22/2018

Despite the Trump administration's anti-regulatory stance, individual agencies are developing plans to introduce a raft of regulations that will affect advisors in the year ahead, writes columnist Mark Schoeff Jr. He runs through the list of regulations advisors should expect.

1/22/2018

Retirement savers need a Plan B should their primary plan not work out because of poor health or other unforeseen events, a study says. Of the 47% of respondents who have a backup plan, many are relying on savings, a working spouse or downsizing of their house.

Full Story:
BenefitsPro
1/22/2018

New York Gov. Andrew Cuomo has proposed a 17% tax on compensation paid to hedge fund and private-equity managers who work in the state, a move that would effectively cancel out the tax treatment of carried interest at the federal level. Cuomo said the "Fairness Fix" could generate $1.1 billion per year, but its enactment depends on whether Connecticut, Massachusetts, New Jersey and Pennsylvania also adopt such a levy.

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Gov. Andrew Cuomo, hedge funds
1/22/2018

Hedge funds had net inflows of $9.8 billion in 2017, a sharp turnaround from net outflows of $70.2 billion the previous year, Hedge Fund Research says in a report. Assets under management in the industry set a record by surpassing $3.21 trillion as of Dec. 31, the report says.

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hedge funds, Hedge Fund Research
1/22/2018

The effects of Brexit on the UK's financial-services industry remain uncertain, and no single jurisdiction has emerged as most likely to supplant London as Europe's financial hub, writes Matthew Craig-Greene of asset-management consultancy MJ Hudson. Craig-Greene reviews the locations that appear to be the strongest options and recommends steps for firms considering opening offices outside the UK.

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MJ Hudson, Brexit
1/22/2018

The recent collapse of UK conglomerate Carillion is causing some disquiet over the role of short-sellers, as the company's stock had been the most-shorted on the London market in mid-2017, John Stepek writes. Short-sellers might "make for convenient scapegoats, but generally when a management team starts to accuse shorts of 'attacking' its share price, you can be sure they're onto something -- witness the feverish denials from Britain's heavily shorted banks in the early days of the financial crisis," Stepek writes.

Full Story:
MoneyWeek (London)
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Carillion, financial crisis