People who intend to use the popular file-and-suspend Social Security claiming strategy must apply before April 30. People who want an appointment at a Social Security office should act fast, writes Mary Beth Franklin. She suggests filing online. InvestmentNews (12/2)
Inflation will likely emerge as a major investor issue in 2016, especially if energy prices perk up, writes Stewart Taylor of Eaton Vance Management. He says many investors are not adequately protected. WealthManagement.com (U.S.) (12/1)
Financial advisers monitoring assets in trusts must be familiar with swap powers, writes estate planner Martin Shenkman. Advisers should identify trusts that have swap powers, discuss the swap powers with the trustee and arrange a source of cash for the swap, Shenkman writes. Financial-Planning.com (12/1)
About 60% of financial professionals in a Saybrus Partners survey said outliving savings is their clients’ biggest concern. But only 35% said they frequently recommend variable annuities, and 27% said the same of fixed or indexed annuities. Advisers’ recommendations may be focused on accumulation instead of retirement needs in many…
Financial advisers are becoming more upbeat about business conditions for wealth managers, in response to sharply rising risk tolerance among clients. An index from Financial Planning that tracks confidence among retirement advisers increased 5.3, to 54.5, for November, rebounding from two months at record lows. Financial-Planning.com (12/1)
Research shows that people in cognitive decline might be resistant to products such as annuities that have large upfront costs. University of Missouri researcher Michael Guillemette said providers could boost demand by breaking the upfront costs into smaller charges to be paid over time. PlanAdviser.com (12/1)
New research by Standard & Poor’s Ratings Services finds that the US ranks 14th out of 148 countries in financial literacy, trailing such countries as Germany, Israel, Canada, the United Kingdom and Norway. ThinkAdvisor (12/1)
More than 80% of investors prefer investments that guarantee a 4% return over products with higher returns but also more vulnerability, according to updated research from Allianz Life Insurance Company of North America. That finding reflects in part the recent market volatility. PlanAdviser.com (12/1)
Studies show that financial advisers often lose assets when a client dies and passes on an inheritance. To try to retain more of those assets, advisers should focus on fostering relationships with current clients rather than trying directly to start new relationships with the inheritors, write Russ Alan Prince and…
Securities and Exchange Commission member Kara Stein says rules may need “tweaks and revisions” to adequately cover robo-advisers, especially when it comes to fiduciary duty. David Lyon, CEO of Oranj, says robo-advisers act more like brokers and should be regulated as such. ThinkAdvisor (11/30
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