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Feb 12, 2014 @ 12:01 am
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Financial advisers need to walk clients through what-if scenarios much further down on the longevity curve than what they're including in their conversations with them today, says Jamie Price, president and CEO of Advisor Group.
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Latest news & opinion
Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal
Firm will pay $650,000 for suitability, compliance and books and records violations.
Shortfall driven by longer life spans and disappointing investment returns.
Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers
Insurers are introducing fixed-rate deferred annuities with income guarantees to circumvent BICE.