Annuities are one of the leading recommendations for near retirees who are concerned about running out of money. But they are also poorly understood by many consumers, and that puts people at risk for being sold inappropriate products in amounts that represent an outsize proportion of their savings.
Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
The firm is cautiously increasing hiring at the moment, essentially new advisers, but at a lower rate than in the past. Training financial advisers takes time and is also expensive, with a high percentage of trainees typically not making the cut.
Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.
During this time of consolidation in the asset management industry, and activity in fintech, the adoption of digital strategies and tools by both will better enhance their chances of survival, or continued success.
Fuller, who had been executive vice president of Lincoln Group, succeeds Mark Mullin, who becomes board chairman.
The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
The eight-adviser Monteverde Group is based in Pittsburgh.
Is the advisory industry capable of continuing the transformation that began during the pandemic in order to shape its next phase?
When to claim Social Security is the top question for new retirees.
Small-business owners across industries who are nearing retirement have said they are worried about their financial security.
Wealthtech has finally graduated from forcing adoption to focusing on innovative ways to bring financial advice into users' pockets.
Special purpose acquisition companies, or SPACs, have been all the rage for the past 12 months, but will the fever outlast the pandemic?
But a stock market reaching record highs may be masking shortfalls, and a recent survey says firms aren't supervising conferencing platforms.
In the wake of the pandemic, RPAs will need a fully integrated technology stack to leverage the convergence of wealth, retirement and benefits at the workplace.
There are various factors beyond Covid infections to consider, some of which could have a positive effect on life expectancy, and other that could take away from it, according to a recent report published by longevity-risk consulting firm Club Vita.
The agency must be nimble in keeping up with an increasingly popular and rapidly evolving issue.
Patrick Duke and Paul Haarman of APEG Investors allegedly kept $2.6 million of what they raised from investors.
The financial services industry relied on technology and innovation to adapt and keep business running throughout the pandemic, and should continue to embrace much of what was learned.
The bank's business of managing ultra-rich clients' money will be moved under the Wells Fargo Private Bank brand.
