Advisors

With growing concerns about hedge fund returns and structure, interest in hedge fund conversions has spiked. These funds, typically offered in the form of a mutual fund, provide entree to a proven strategy and management team that most investors wouldn’t otherwise have access to. But, just how are these funds converted? And what are the
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Financial advisors are finding it beneficial, in various ways, to include life coaches and counselors into their operations. Some advisory practices are referring out or contracting with these professionals, while others are developing them from within. “So much of my job includes conversations that are more life-oriented than financial,” said Doug Kobak, certified financial planner
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The age-old diversification strategy of reducing risk by moving more into bonds won’t work so well in a rising interest rate environment, as this may increase risk rather than decrease it. So, many are looking for other means of diversification. Increasingly, they’re considering alternative investments — broadly defined, anything other than stocks or bonds. The
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“This is just the beginning,” said Eric Mancini, certified financial planner and wealth advisor with Traphagen Financial Group. “It’s only in the last couple of years we’re seeing any sustained push from [private equity] companies.” In fact, according to Bloomberg, “private equity is trying to cut out the middleman — namely, the brokers at big
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When clients ask advisor Phillip Christenson about health-care planning, he admits he has no idea how health care will look when they’re ready to tap funds. Therefore, he runs a few different scenarios, analyzing how much they will need if health-care costs inflate by 10 percent or 15 percent or more. “There’s no real answer,
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Cryptocurrency proponents argue that the digital coins are a safe investment because they have a “zero correlation” to the stock market. As a result, a dose of cryptocurrency makes investors’ portfolios less volatile. “We’re starting to see bitcoin as a disaster hedge to the traditional market,” said Chris Burniske, co-author of Cryptoassets: The Innovative Investor’s
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Long-term care has been a hot topic since about 2000, said Brock Jolly, certified financial planner and partner and co-founder at Veritas Financial. He attributes this increased interest to market declines, modern medicine keeping people alive longer and the evolution of the LTC industry. Pricing insurance products has been tricky, he noted. “The big unknown
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Before you retire, give your health-care financial plan a checkup. “The plan you have today may not be the one you want to carry into retirement, because it may be cost-prohibitive to do so,” certified financial planner Ron Carson, founder and CEO of Carson Wealth Management Group, told CNBC. A healthy 65-year-old couple retiring this
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“At the end of the day, donating a used car could be the least cost-effective way to give to a charity,” said Stephanie Kalivas, an analyst with CharityWatch, an organization that monitors the charitable giving industry. The problem is the industry is riddled with fraud and misrepresentation. Attorneys General from multiple states have investigated car
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From my experience, people who invest in CDs, money markets and other lowing-paying interest rate investments do so for one of three reasons: It’s how they’ve always invested, so they just continue with what they’re comfortable with. They’re worried that all other investments will involve risk. They don’t know all of their options. More from
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jrwasserman | Getty Images Many people are aware of common ways to reduce taxable income, such as increasing 401(k) contributions. Many people are aware of the most common ways to reduce their taxable income, such as increasing their 401(k) contributions. If you haven’t made the maximum contribution for 2017 — $24,000 for people 50 and
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“I had some clients whose retirements were saved because of [variable annuity] contracts they purchased before the financial crisis,” said Marc Ruiz, a financial advisor with Oak Partners and a registered rep with SII Investments. The terms and prices of variable annuities were much better before the financial crisis, but the rationale for a contract
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Venture capital firms invested $3.1 billion in nearly 300 cybersecurity startups in 2016, according to research firm CB Insights. Top-funded, privately held cyber companies now include Tanium, which has raised about $395 million to support its endpoint protection technology, and Lookout, which has raised about $281 million and secures smartphones. The two are each valued
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Picking the wrong Social Security claiming strategy could cost you, big time. “This is the single-largest asset many consumers have, and they’re not optimizing it, they’re not getting the maximum income from it,” certified financial planner Ron Carson, founder and CEO of Carson Wealth Management Group, told CNBC. By his estimates, retirees collectively leave $10
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What is the difference between a special needs trust and a third-party special needs trust? Authorized by federal law, a special needs trust is an irrevocable trust designed specifically to hold assets for a beneficiary so that the funds do not disqualify the recipient from needs-based government benefits. Several types of special needs trusts are
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Republicans promised a middle-class tax cut. So far, they have created mostly middle-class confusion. Both the evolving House bill and the emerging Senate plan would slash taxes for businesses and many wealthy individuals. What they would mean for the middle class, however, is less clear. The plans feature a spider web of intersecting and offsetting
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It may not be easy to understand, but financial advisors consider the subject crucial to the effective management of client relationships. Unless advisors know what their clients’ expectations are and how they will measure investing success, those clients will likely be disappointed. “People think we’re in the money management business but we’re really in the
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Since the Department of Labor finalized its fiduciary rule (now in limbo) last year, annuity sales have fallen dramatically as brokerage firms and advisors anticipate that the products may not pass muster under a tighter regulatory standard. “Companies have been canceling products left and right because they don’t live up to the standard of meeting
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Although a relatively small percentage of the population claim this deduction, it is especially beneficial for seniors in retirement who are paying for long-term care costs not covered by Medicare or private insurance. This “nursing home tax deduction” in current Internal Revenue Service rules provides a critical tax break for seniors who spend more than
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