Lost productivity from furloughed civil servants and decreased economic activity among businesses during the most recent partial government shutdown cost the U.S. economy at least $6 billion, according to S&P Global Ratings. So reports Reuters.

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Matt Oechsli, author of “How to Build a 21st Century Financial Practice: Attracting, Servicing and Retaining Affluent Clients,” says advisors can cut their workday down to only five hours.

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Emerging technology can help advisors weather fee compression by carving out fees for specific services, says Cetera President Adam Antoniades. So reports Financial Planning.

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A host of insurers tried to weaken a proposed rule revision by New York state that would protect consumer from inappropriate sales practices involving retirement savings products. So reports Politico.

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Pam Krueger, host of the television investor education show Money Track, has launched Wealthramp, which uses an algorithm to help individuals find financial advisors. So reports Forbes.

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