News 

These are the 3 big reasons you should use a financial adviser

“For years, personal finance magazines and websites have advised people to wait until 70 to claim Social Security retirement benefits” writes Howard Gold for marketwatch.com. Not too long ago, well-heeled individuals relied on financial advisers for almost everything from basic expense planning to deciding where to invest their money.Read: Target-date funds are more expensive and less effective than this simple investment plan So, where does that leave financial advisers?. There are other issues in which financial advisers can add value, including whether to take a reverse mortgage and whether to…

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News 

When it makes financial sense for married couples to file their taxes separately

“Married borrowers who file separately will lose access to certain other tax benefits related to higher education and student loans, notes Mark Kantrowitz, the publisher of Savingforcollege.com” writes Jacob Passy for marketwatch.com. That’s not surprising, given how complicated filing separate tax returns can be, said Robert Westley, an accountant and a member of the American Institute of CPAs’ Personal Financial Specialist Credential Committee. “The married filing separately tax status comes with a lot of quirks,” he said. Source: marketwatch.com

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News 

MahiFX UK Sees Turnover Fall & Overall Loss for Fiscal 2018

“MahiFX UK Limited, the British subsidiary of the MahiFX Group, has published its financial results for its 2018 fiscal year, ended March 31, 2018” writes Celeste Skinner for financemagnates.com. Overall, the company reported a loss for its 2018 fiscal year of £12,491.For the year ended March 31, 2018, turnover for the company was £1.08 million ($1.41 million).In the previous financial year, the London-based company actually managed to achieve a profit of £157,499. Source: financemagnates.com

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Crypto News Platforms 

Paxful & BitMart Partner to Provide Further Crypto Liquidity

“Paxful, a peer-to-peer Bitcoin marketplace, announced this Thursday that it has integrated onto global digital asset trading platform, BitMart” writes Celeste Skinner for financemagnates.com. The partnership with Paxful brings the BitMart platform into the peer-to-peer financial ecosystem, making it one of the only exchanges to enter into the sector.Whilst customers of BitMart have more payment options to choose from under the collaboration, clients of Paxful also receive direct access to the digital asset trading platform, which has more than 180 additional trading pairs.Furthermore, when a customer signs up to Paxful,…

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News 

Central Bank of Lithuania Issues Updated Position on Virtual Assets and ICOs

“The Bank of Lithuania has updated its position on virtual assets and initial coin offerings (ICOs), according to an announcement published on Feb. 14” writes Ana Alexandre for cointelegraph.com. The policy still does not allow FMPs to receive payments with virtual assets, but provides the possibility to employ third-party services.The Bank of Lithuania initially issued a document detailing its position towards ICOs and digital currency in October, 2017, defining how and when virtual assets may be used for payment.FMP are prohibited from accepting virtual assets with the obligation to repay…

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News Stocks 

Fresh Del Monte to suspend its dividend; stock remains halted for news

“The stock’s previous quarterly dividend was 15 cents a share, with the annual rate of 60 cents a share implying a dividend yield of 2.05% at Tuesday’s closing price” writes Reporter Editor for marketwatch.com. The stock has now tumbled 36.7% over the past 12 months while the S&P 500 SPX, +0.18% has gained 2.5%.FDP, -5.14% dropped 1.7% after resuming trade Wednesday, after the fruit and vegetable producer said it will suspend its quarterly cash dividend, “in light of the terms of the company’s credit facility.”. The stock’s selloff comes after…

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Crypto News 

US: Crypto Advocacy Group Encourages Financial Regulators to Foster Innovation

“United States blockchain advocacy group the Chamber of Digital Commerce has encouraged two major financial regulators to foster blockchain innovation, according to an official tweet on Feb. 19” writes Ana Berman for cointelegraph.com. The examinations will include cryptocurrency surveillance practices, as well as other market and trading surveillance, including real-time monitoring.In a separate letter to the CFTC, the group expressed support for the Commission’s previously launched initiative, dubbed LabCFTC, which examines fintech innovations.The group believes that blockchain offers a “myriad of transformational benefits” for businesses, government. and consumers. Source: cointelegraph.com

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This Utah case is a lesson in why you shouldn’t let friends or family pick your financial adviser

“Financial advisers should be registered either as a broker/dealer or as an investment adviser, Roper says” writes Liz Weston for marketwatch.com. If the person you’re checking out is an investment adviser rather than a broker, the tool will send you to the Investment Advisor Public Disclosure database.To protect yourself, Roper recommends the following steps to vet financial advisers: Make sure the adviser is properly registered.At the very least, it’s worth talking to the adviser about what you find if you’re already a client. Source: marketwatch.com

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Crypto News 

CEO of Japanese Finance Giant SBI Vests His Crypto Industry Hopes in Ripple and R3

“Kitao made his remarks during an interview with Japanese crypto news outlet Coin Post on Feb. 18” writes Marie Huillet for cointelegraph.com. Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has singled out Ripple (XRP) and blockchain consortium R3 as reasons to remain optimistic about the future of the crypto industry — bear market notwithstanding.SBI Holdings is an active partner of Ripple via their joint venture, “SBI Ripple Asia,” established to promote the use of XRP in Asian financial markets back in 2016.In January, SBI…

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