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FINANCIAL ADVISOR INSIGHTS: Financial advisors can expect more oversight if Hillary Clinton wins the presidency

REUTERS/Yuri GripasFormer Secretary of State Hillary Clinton addresses the Center for American Progress 10th Anniversary policy forum in Washington, October 24, 2013.FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.
How a Hillary Clinton win would impact financial advisors (Investment News) 
Now that Hillary Clinton has officially announced her candidacy for the 2016 presidential election, Investment News explores how a win by Hillary would impact the financial services industry. Clinton will have to do her best to rein in the progressive faction of the Democratic party, which has been spearheaded by Massachusetts Senator Elizabeth Warren. According to Investment News, expect Clinton’s approach to SEC funding to be similar to President Obama’s, which has “consistently sought

to give the SEC a big funding boost,” in part to increase financial advisor oversight. 
PIMCO and Morgan Stanley are turning bearish on Treasuries (Bloomberg)
PIMCO and Morgan Stanley are among the big money names shedding US Treasury holdings. PIMCO’s Total Return Bond Fund, formerly managed by Bill Gross, has reduced its holdings of Treasuries to 21.6% of assets in March from 35.3% in February. Meanwhile, Morgan Stanley announced it expects a Fed rate hike in December, and a move up to 3.20% for the 10-year yield in the first quarter of 2016. Currently, the US 10-year yield is near 1.95%.  
Stocks might be “running to stand still” (Charles Schwab)
US stocks ended the first quarter little changed as traders grappled with the possibility of a Fed rate hike. Schwab notes first quarter earnings growth is expected to be negative, and that there have only been three such instances in non-recessionary periods. According to the firm, “Soon after these occurrences, the market experienced corrections, which were ultimately short-circuited by Federal Reserve easing—not a likely option this time around.” Schwab expects a rebound in the near future as winter weather and the west coast port strikes have worked their way through the economy. 
8 last-minute tax tips (Financial Planning)
With the April 15 tax deadline coming on Wednesday, Financial Planning shares some last-minute tax tips. The publication says tax filers should not be afraid to apply for an extension as doing so will not increase the chances of being audited. Also, clients should not forget to max out their 401(k) contributions. Check the article for six other last-minute tips. 
Former Merrill broker joins RBC (Reuters)
Tom Buck, the former Bank of American Merrill Lynch advisor who was fired last month for providing inaccurate information regarding client interaction, has joined Royal Bank of Canada. Buck and his daughter, former Indianapolis Colts cheerleader Ann Buck, bring with them $1.2 billion in assets. According to Forbes, Buck was the top financial adviser in the state of Indiana for 2013. 


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