This message contains images. If you don't see images, click here to view.
Click here to advertise in this news brief.

  Mobile version   RSS   Subscribe   Unsubscribe July 1, 2011
Home   Member Access   Corporate   Visitors   Consumer
Investors may lose as Congress saves money on advisor oversight
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail
Congress may hand oversight of almost 12,000 investment advisors to Wall Street's self-funded regulator as a cost-saving measure. The price could be paid by investors. The Financial Industry Regulatory Authority, deputized by the government to oversee brokers, is lobbying to replace the U.S. Securities and Exchange Commission as a regulator of registered investment advisors who manage about $40 trillion. More

  Industry News

Employee health plan enrollment falls, but may rise with health reform    Share    Share on
FacebookTwitterShare on LinkedinE-mail article
Employer-sponsored insurance eroded “significantly” in the last decade, although federal health reform is expected to reverse the decline for small employers, two studies say. The percentage of nonelderly residents with ESI declined in 42 states, with 12 states experiencing declines of 10% or more. More

Debt ceiling talks turn to higher taxes
CNNMoney    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Any deal to raise the debt ceiling will have to include steep cuts to federal spending. But might it also include tax hikes? The dispute has brought out Washington's big guns. President Barack Obama has replaced Vice President Joe Biden as the principal Democratic negotiator, and Mitch McConnell, the top Senate Republican, is entering the fray. More

The new cash hoarders: Smart or not-so-smart?
SmartMoney    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sick of next-to-nothing bond yields and wary of stocks, some advisors and money managers are hiding out in cash — a strategy they say cuts losses and builds up investing ammunition for later when better opportunities arise. But will the defensive move backfire? More

Study: Boomers favor guarantees over higher returns
National Underwriter    Share    Share on FacebookTwitterShare on LinkedinE-mail article
By nearly a 4 to 1 margin, baby boomers remain more attracted to guarantees for their retirement savings than to potential high returns with market risk, according to a new study. When asked which is more attractive, a financial product providing a 4 percent return that is guaranteed not to lose value or one with 8 percent return that is subject to market risk and loss of principal, 76 percent of respondents chose the guaranteed product, nearly identical to the 80 percent of respondents in 2010. More

Analysis: Bad old habits plague economic forecasting
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Three years after the Great Recession ought to have challenged even the most basic assumptions made by economists, they have instead settled back into the costly habits of old. An analysis of Reuters polls shows economists were too optimistic about 20 out of 27 major monthly indicators for April and May in the United States, euro zone and Britain — a list that includes industrial output, jobs, business and consumer sentiment data, and purchasing managers' indexes. More

FSP Members Offered 30-Day Free Look at LISI
Leimberg Information Services, Inc., the email subscription service that provides financial service professionals with analysis and commentary on tax legislation, regulation, cases and rulings, is offering a free look for 30 days. This offer is available exclusively to FSP members, without cost or obligation. Included are eight newsletters in financial service areas, access to a database of commentary, a Podcast library and more. For details, visit LISI.

  Regulatory and Legislative News

IRS finalizes shorter extensions for partnership, trust returns
Journal of Accountancy    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Internal Revenue Service issued final regulations setting the period for automatic extension of partnership Forms 1065 and trust and estate Forms 1041 at five months, meaning that they will generally be due Sept. 15. This allows partners and beneficiaries enough time after receiving their Schedules K-1 to prepare their own extended individual or corporate income tax returns, generally due Oct. 15. The American Institute of CPAs has advocated for the Sept. 15 due date. More

  Practice Management

Advisors use more visual tools with clients
Registered Rep    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Appealing to the visual, emotional part of clients' brains can help clients better understand concepts surrounding money and better engage with their advisors. In fact, financial advisory firms and financial planners are increasingly using visual tools, including interactive games, drawings and video, to motivate and involve clients or attract new prospects. These tools often work better with clients than focusing on the quantitative aspects of planning or on selling a product, say advisors. More

Attention advisors: Financial help tops survey of 'distracted' Americans
AdvisorOne    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If you thought discipline to follow through on long-term goals seems to be lacking in today's society, it seems you're correct. According to a new study, Americans were feeling the strain of keeping up with all the distractions of a fast-paced life, and it showed in their ability to work toward objectives. In a key finding for advisors, although people set more financial goals, they follow through less in that category than the others mentioned. More

Let TASC Take Care of Your Administrative Needs
TASC offers administrative services for Section 105 Plans, Section 125 Plans, Health Reimbursement Arrangements, Health Savings Accounts and COBRA Compliance Plans, so business owners can focus on their businesses and leave the worrying to us. We are committed to what happens before, during and most importantly, after the sale—all of our services are designed to help you recruit and retain more clients. And for you, TASC offers an attractive incentive package, product neutral services that will not interfere with your other services, and 30 years of experience with taxes, insurance, small businesses and benefits. Contact: 800. 422.4661 or or

  Society News and Programs

FSP announces Premier Membership
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Beginning in July, Premier Membership, a new membership package, will be offered by the Society to all who meet membership eligibility requirements. It is a unique combination of dues and registration fees for select products, services and events. It is designed to offer convenience and savings for members who take frequent advantage of their membership benefits. Visit Premier Member for more information.

Audio/Web conference: 'Estate and Financial Planning for Individuals with $5 Million or Less'
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On July 13, Jonathan Blattmachr, JD, discusses techniques and strategies, such as "freezing" and transference of property, to protect assets and minimize or avoid estate taxes. Register at July 13 webinar.

FSP values your vote: Check FSP website for electronic ballot
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For the 2011 annual meeting, the voting process for officers and directors will be conducted electronically. Go to the FSP website. Here you will find the date and location of the annual meeting, the agenda, the biographies for the slate of candidates, including president-elect, secretary and five three-year directors. You will also find instructions for how to cast your proxy ballot electronically. All regular (including retired) members of FSP are authorized to vote. Ballots must be submitted by July 14 to be counted. Please cast your vote today.

FSP NewsBrief
Colby Horton, vice president of publishing, 469.420.2601   Download media kit
Bianca Van Audenhove, senior content editor, 469.420.2611   
Disclaimer: The articles that appear in FSP NewsBrief are chosen from a variety of sources to reflect topics of interest to FSP members and other financial service practitioners. The inclusion of an article or advertisement in FSP NewsBrief does not imply that the Society of FSP endorses, supports or verifies its contents or expressed opinions. Factual errors are the responsibility of the listed publication. FSP NewsBrief articles may be protected by copyright and should not be reproduced without express permission of the copyright holder.

This edition of the FSP NewsBrief was sent to ##Email##. To unsubscribe,
click here. Did someone forward this edition to you? Subscribe here -- it's free!
Recent issues
June 24, 2011
June 17, 2011
June 10, 2011
June 3, 2011

7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063