The National Endowment for Financial Education is launching a new website specifically aimed at helping individual investors design their own customized retirement income plans. Brent Neiser, director of collaborative programs, said that the Greenwood Village, Colo.-based non-profit will be formally rolling out the site — decumulation.org — later this year, but added that the site is already operational and available to individuals. The new NEFE initiative attempts to arm individuals with the necessary tools and resources to create “retirement paychecks” that will allow them to properly draw down their assets once they stop working. Specifically, the site addresses a number of key questions about how to utilize Social Security benefits and maximize 401(k) savings, extract value from real estate holdings and account for rapidly changing — and likely increasing —medical costs during retirement.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.
