Wealth Management
Top stories summarized by our editors
9/18/2018

Western & Southern Financial Group, which sells annuities and other retirement products, in addition to life insurance, will acquire Gerber Life Insurance from Nestle for $1.55 billion in cash. The transaction will allow Western & Southern to sell insurance products under the Gerber Life name.

9/18/2018

Reinsurers are moving beyond their traditional business with providers of life insurance into other areas that include working with annuity issuers, according a report from Moody's Investors Service. Reinsurers are interested in increasing their sales of "longevity risk" contracts that help annuity issuers hedge against the risk that annuity owners live longer than the companies expected, Moody's said.

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Moody
9/18/2018

Jackson National, a major provider of annuities and life insurance in the US, is urging financial professionals to make use of storytelling to sell its products. The company is providing several resources to help, including a photo essay aimed at helping consumers make the connection between life planning and financial planning.

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Jackson National
9/17/2018

A data analysis by Pensions & Investments finds that hedge funds have offered downside protection since 2010 and have a 2.9% average three-year return when the S&P 500 enters negative territory. Other data from recent years show reduced fees and consistent allocations.

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Pensions & Investments
9/17/2018

Columnist Maryalene LaPonsie discusses some of the lesser-known benefits of 401(k) retirement plan. Among them, she notes that Roth 401(k)s don't have an income limit, there are possibilities for after-tax contributions, and the plans must comply with the Employee Retirement Income Security Act.

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Maryalene LaPonsie
9/17/2018

Advisors must update financial-planning services to deal with digital assets, such as passwords and online accounts, writes Jeffrey Levine, CEO of BluePrint Wealth Alliance. He suggests that advisors have clients inventory digital assets and that advisors become up to date on rules on digital assets in a client's home state.

9/17/2018

Students at the University of New South Wales have established the Australian Students Asset Management, a hedge fund that will work in collaboration with other universities, with the assistance of AIMA Australia General Manager Michael Gallagher. The key purpose of the fund, along with performance, is to offer a realistic experience that helps bring students into the industry, Gallagher said.

9/17/2018

Data compiled by Morgan Stanley indicate a reduced risk appetite for US stocks among hedge funds, whose net leverage has dropped to its lowest point so far in this year. The ratio experienced a late-August increase but has declined to 49%, compared with its 2018 high of more than 60% in March.

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Morgan Stanley
9/17/2018

A Preqin survey found allocations to alternative investments likely to expand in the next 12 months, with infrastructure the area in highest demand.

9/17/2018

A survey conducted by East & Partners for HSBC Holdings found two-thirds of institutional investor respondents have environmental, social and governance polices in effect, while about half of companies in the survey said they have ESG policies. Just 10% of the survey's 1,731 respondents, however, said they know of ESG-reporting guidelines set by the Task Force on Climate-related Financial Disclosures.

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ESG, HSBC Holdings