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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Despite the doom-and-gloom predictions about the future of big-box retail that are dominating headlines lately, some analysts are bullish about select real estate opportunities and those brick-and-mortar retailers with high customer-satisfaction and engagement ratings in the coming year. “The death of retail has been exaggerated,” said Jay Rollins, managing principal of JCR Capital, which invests
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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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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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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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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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Advisors have used reverse mortgages in various ways for portfolio management. Cash management. “I’ve been recommending ‘protective’ reverse mortgages for clients who are over 62 and have no mortgages, or very small mortgages,” said certified financial planner Mark Wilson, president of Mile Wealth Management. “These can provide a line of credit that’s available if ever
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