Vance Barse, AIF®
Wealth Strategist

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Posts tagged InvestmentNews
Vance in InvestmentNews: Opening an IRA just for Alternative Investments

Vance Barse, wealth strategist at Manning Wealth Management, acknowledged the appeal of such a platform, but stressed the importance of due diligence and suitability.

"Some alternative investment strategies are quite sophisticated and may be too advanced for the common IRA investor to fully understand," he said. "From a planning standpoint, investors who allocate retirement assets to illiquid alternative investments should consider their required minimum distributions, because you will need to keep enough liquidity to satisfy the distribution requirements if the investors are getting close to 70.5 years old.”

"There's also some tax-advantaged potential of investing in alternatives in an IRA, but if you sell at a loss you can't use that for tax purposes because it's inside a qualified account," Mr. Barse added.

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Vance in InvestmentNews: Capital One Data Hack Puts Financial Advisers on High Alert

"The Capital One data breach serves as a great, yet painful, reminder that it's important for clients to ask financial, insurance, educational and other institutions what security measures they have in place to help prevent such violations," Mr. Barse said. "Given that the Capital One breach is front of mind, now is a great time for clients to inquire how their institutions will assist them in the unfortunate event that their confidential data is compromised. It's also a great time for advisers to educate clients on the information security and best practices their institutions have in place."

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Vance in InvestmentNews: Schwab moving to subscription fees could be watershed moment for advice industry

Vance Barse, a wealth strategist at Manning Wealth Management, agrees that advisers who charge full-service prices while only providing portfolio management could lose some accounts to the subscription fee model.

However, Mr. Barse is concerned that people with complex needs may be wooed by lower costs and end up being underserved.

"Are these CFPs working alongside the client's CPA and estate planning attorney?" Mr. Barse asked. "This news leaves me with more questions than answers, and I am inclined to open an account to evaluate first-hand how evolved these planners are and what the client experience is like."

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