January 2018 Trends & Highlights: Tax Reform, 2018 Outlook, Biometric Authentication Updates and Capital One Revamps Private Site

by on Feb 19, 2018

TRENDING

Tax Reform – In January, 21 firms across numerous industries responded to tax reform legislation, both before and after the bill was passed. AB illustrated the effects of the reform on the U.S. credit cycle and stock market and predicted little effect on CRTs. American Funds and Ameriprise discussed the key takeaways, specifically for either clients, investors and business owners. Dreyfus predicted reform will boost the financial sector and increase earnings. Fidelity highlighted year-end tax strategy. Lord Abbett summarized retirement provisions and anticipated that reactionary pension reform efforts would become a contentious issue. MFS and Charles Schwab talked about the progression of the bill.

Vanguard commented on the reform and outlined policy changes. MassMutual published a downloadable flyer, comparing the new and previous law. Principal analyzed how the law affects individuals who make charitable contributions. Blackrock, John Hancock and OppenhemierFunds noted the effects on municipal bonds. Invesco and J.P. Morgan promoted videos discussing potential implications. Hartford Funds and Janus Henderson addressed how the reform could affect the economy, throughout the year and in the short term, respectively. T. Rowe Price analyzed the impact of individual marginal tax rates on deductions and state and local taxes and predicted only a moderate rise in economic growth. Wells Fargo recommended that investors focus on cyclical equity sectors, while UBS provided clients with ways to prepare.

2018 Outlook – Seventeen firms provided insight on the 2018 financial outlook. Franklin Templeton introduced the Reach for Better microsite, which includes the firm’s outlook for global economics and financial markets in 2018. Federated assured clients that emerging market fundamentals should remain strong in 2018, despite debt. TD Ameritrade informed clients of its impression of the market outlook upon login to the private site. American Funds published an audio recording discussing the potential reactions of fixed income assets to rising interest rates and global equities in 2018 and a commentary that predicts reduced political tensions and reform initiatives in China and India.

Hartford Funds promoted an upcoming webcast about the new year’s outlook. Invesco introduced a five-video series addressing the 2018 outlook on a range of topics, and PIMCO also released a video predicting high inflation in 2018 due to various factors, including repricing mobile data and rising car prices. Another video, published by American Century, offers short- and long-term financial forecasts. Janus Henderson discussed what’s in store for equities in Asian and Latin markets and published an infographic that outlines key developments in monetary policy. Morgan Stanley discusses the synchronization of the global economy. Lord Abbett compiled key themes for 2018, including changes in growth stocks, small- and mid-cap equities and value stocks. Dreyfus predicted an economic sweet spot in 2018, discussing recovery in investment, manufacturing, domestic demand and trade. Legg Mason’s three commentaries provided tips for generating income and lowering risk in the new year, analyzed the Fed’s 2018 policy outlook and posed four questions for the year. T. Rowe Price discussed disruptive innovation, bond markets and developing economies that could impact the year. Fidelity hypothesized the four key market drivers for 2018 and gave advice on how to navigate rate hikes. E*TRADE promoted a Streetwise study on investors’ goals for the new year and Allianz announced results of a study that discussed financial plans and concerns for 2018.

Biometric Authentication Updates Eight firms upgraded their mobile apps with biometric authentication updates. Charles Schwab and Keybank added support for Face ID login, while E*TRADE added support for Android fingerprint authentication. Five other firms—Empower, MassMutual, Merrill Lynch, TIAA and Wells Fargo—introduced Face ID for the iPhone.

JANUARY HIGHLIGHTS

Capital One Revamps Private Site

The firm removed main navigation menus, implemented a design with responsive capabilities similar in aesthetic and functionality to its mobile app and reorganized the site to place an emphasis on accounts, followed by tools and services. On the new site, each account has its own homepage, with an account details banner, tables of transactions by statement period and links to View Statements and View Details. The site also features an updated Statements & Documents page with a built-in PDF reader. 

New Private Site Landing Page

E*TRADE Clients Can Now Trade Bitcoin Futures

E*TRADE now allows users to trade Bitcoin futures. The feature is promoted in a public site homepage banner image that links to a new Bitcoin intrapage tab on the public site Futures page. Changes to the public site Futures page reflect the addition, including a new Bitcoin tab in the Contract Specifications section that provides corresponding information for the products. The top of the page features a new point highlighting the availability, as well as a clarification to the featured price per contract.

New Public Site Futures Page Bitcoin Additions

New Public Site Futures Page Bitcoin Additions (2 of 2)