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.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
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
