Just under half — 44% — of Americans feel stressed by debt and 36% feel overwhelmed, according to a survey by insurance giant Nationwide.
To help consumers, Nationwide is launching an app, Nimbl, that develops a plan to get a user out of debt on a timeline that fits their lifestyle and then helps them monitor their spending.
The app connects to users’ financial institutions to collect information on their spending and debts, then uses that information to build a budget.
Respondents to the Nationwide survey said that being in debt makes it hard to care about the future, is always on their mind and overwhelms them, the company said in a release. Respondents also said they don’t know what to do about their debt or who to go to for assistance.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
