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.
Mercer, Focus Partners Wealth, Mariner, Creative Planning and Captrust top the leaderboard tracking AI search results for RIA firms.
"We believe this model will help younger investors – and any investors who value a hybrid advice experience,” said Ryan Robson, principal at Edward Jones.
Conte Wealth Advisors reportedly has $1.4 billion in client assets and 20 advisors.
The Cleveland-based RIA's latest tie-up extends the firm's national footprint into the Golden State, where opinions continue to be split over a contentious billionaire wealth tax proposal.
Meanwhile, Cetera has welcomed a family-run practice from Commonwealth, and a Merrill advisor joins an existing UBS team in Connecticut.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
