How soon and how much the Certified Financial Planner Board of Standards can improve its procedures is a critical question for the millions of families who rely on the nation’s nearly 85,000 certified financial planners for competent and ethical advice.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.
PLANNING & INVESTING
It Is Tricky Finding Safety From a Market Storm: The bond market is holding up a giant sign in capital letters warning of trouble ahead. Investors are on edge. The next big market scare might not be far away, but is hard to prepare for.
From Dow Jones Newswires
The Bank of England will need to consider cutting interest rates as Brexit uncertainty looms over the U.K. economy, says Geoffrey Yu, head of U.K. investment office at UBS Wealth Management. Commenting after official data showed the economy contracted for the first time since 2012, by 0.2% in the second quarter, he says “the difficult run of data is expected to continue and the BOE will need to consider its next step carefully as its global peers embark on further rate cuts”. Yu notes that falling investment sentiment as the stockpiling bounce from 1Q faded had a more severe impact in 2Q than anticipated. (email@example.com; @lorena_rbal)
Prudential’s new strategy may face investor scrutiny due to political and economic turbulence in Asia when the insurer reports first-half results on Aug. 14, says CMC Markets. CMC points to the company’s plan to spin off its U.K. and Europe division into a separate company, M&G Prudential, while absorbing the Hong Kong business into its Asia division. “While there may have been sound business reasons to go down this route, not least to focus on the more profitable Asia region, the recent unrest in Hong Kong and slowdown across Asia may cause some investors to question the wisdom of such a move,” says CMC’s Michael Hewson. (firstname.lastname@example.org)
BUSINESS & PRACTICE
Malaysia Charges Goldman Directors Over 1MDB Scandal: Custodial sentences and fines will be sought for the executives, who include Goldman Sachs International’s CEO.
Gender Diversity Likely to Boost Performance: Higher gender diversity at companies will probably improve financial performance over the next decade as more data become available, says Sustainable Market Strategies, a consultancy. But over a five-year period, the consultancy says that current data linking performance to gender diversity at the board level at S&P 500 companies is weak. The analysts say that we need a longer 10-to-20-year period to study the connection, partly because we have only recently seen close to 50% women graduates at business schools. “The link between these two metrics will grow stronger as more datasets become available,” the consultancy says.
Stressed Teens Fret Over How Much to Relax During the Summer: With college admissions feeling ever more competitive, high schools and colleges are scrambling to combat the mental-health crisis affecting young adults.
TRAVEL & LIFESTYLE
A Road Trip with Retro-Charm—and a Car to Match: Want to upgrade your driving vacation? Rent a vintage car that suits the destination. To wheel around time-capsule towns in the midwest, writer Matthew Kronsberg sought out a 1960s woody wagon.
The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron’s, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery.
For more information about our services for financial professionals, please visit DowJones.com
SOURCE: MoneyBeat – Read entire story here.