Welcome to our News Round-Up! Here, we’ll share with you interesting news in interesting ways, giving you a snapshot of a few of this past week’s headlines and events to get you caught up on what’s going on both here and abroad.
August 1, 2015
Quote of the Week:
- “Lean In is shorthand for: ‘you women should really do something about this’.” – Former wealth management executive Sallie Krawchek addressing the annual Morningstar Investment Conference. Krawcheck argued that with more and more women in the advisory space, they need to assert themselves more as authoritative and knowledgeable in order to gain client trust.
On Your Business:
- Help your clients have “the talk” with their kids. No, not that talk – the money talk. Wealthy clients often wrestle with how to best address their wealth with their kids. It’s your job as your advisor to make sure that you’re there for whatever guidance they need–and, as this FA-Mag.com article says, you should advise your clients to have this conversation with their kids sooner rather than later.
On the Industry:
- Advisors not sold on Clinton’s tax ideas? Hillary Clinton has made her ideas for a “multitiered, multiyear” capital gains tax public, and… well… not every advisor is sold on the idea–especially advisors who represent high net worth clients. InvestmentNews.com has an article quoting several of these advisors.
On the Economy:
- All eyes are on the U.S. job market. Why? Because Fed chief Janet Yellen has told reporters that she won’t be raising interest rates for the first time in almost a decade until the job market shows “some” improvement. That could take a while, though–the economy only grew by 1.5 percent in the first half of the year, short of the mark set in the last few years.
On the World:
- The wait is over. The Greek stock market will re-open for the first time in over a month on Monday, in the face of ongoing bailout negotiations. After much argument, it seems like Greece is headed to its third international bailout–one that, the country hopes, will finally put an end to their financial nightmare.