SEC Expands Accredited Investor and QIB Definitions
The Securities and Exchange Commission today approved amendments to the definitions of “accredited investor” under Regulation D and “qualified institutional buyer” definition under Rule 144A.
Browsing: Wealth management
DOL Proposes Rule on ESG Investing in Pension Plans
With interest around sustainable investing—sometimes referred to as environmental, social and governance (or ESG) investing—on the rise, the Department of Labor this week issued a proposed rule that would confirm Employee Retirement Income Security Act requirements for plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment or investment course of action.
Emotionally Invested
In today’s volatile market environment, wealth managers and financial planners are having hard conversations with their clients. A few tips to build emotional intelligence into those conversations.
Wealth Management at a Coronavirus Crossroads
The COVID-19 crisis is magnifying structural challenges in the wealth management industry.
Podcast: Adding Value with Relationship-Based Wealth Planning
Nerre Shuriah of First Citizens Bank explores how to deliver a relationship-based, community banking asset management service in an environment of fee and commission compression.
Restructuring Your Investment Department for the New Normal
Banks can learn from the virtual experiences of their customers amid COVID-19 and integrate new technology into their service offerings, including financial advising.
ABA Supports SEC’s Accredited Investor Proposal
In a comment letter to the FDIC on Monday, the American Bankers Association offered support for the Securities and Exchange Commission’s proposal to amend the definition of “accredited investor” under Regulation D and “qualified institutional buyer” definition under Rule 144A.
Study Finds Mobile Apps Are Key Opportunity for Wealth Management
Consumers are less satisfied with their wealth management mobile apps than they are with retail banking or credit card apps, but when wealth firms provide an outstanding mobile experience, clients are more likely to sign up for additional products and services, according to a J.D. Power study released today.
The Changing Face of Wealth Management Customers
The long-anticipated transfer of wealth to Gen-Xers and millennials has begun. How can banks position themselves to succeed with these clients? Insights from a recent ABA survey offer some clues.
New ABA Report Addresses Shifting Wealth Management Landscape
With an estimated $68 trillion set to change hands by 2030, a new report released by ABA today delves into how that wealth transfer will affect wealth management practices.