InvestmentNews partnered with Kiplinger's to ask women about their experiences at different life stages with investing and financial advisers. Here are some of the results.
| Breadwinners* | Single and wealthy** | Widows | High-level professionals*** | |
|---|---|---|---|---|
| Leave behind wealth or a legacy for future generations of my family | 6.5% | 11.5% | 22.1% | 3.9% |
| Retire with financial security and peace of mind | 60.2% | 42.3% | 19.8% | 76.5% |
| Accumulate as much wealth as possible | 3% | 3.8% | 3.5% | 2.6% |
| Accumulate wealth for specific ambitions (travel, opening a business, etc.) | 5.5% | 7.7% | 4.7% | 8.5% |
| Lead a comfortable and predictable lifestyle | 24.9% | 34.6% | 50% | 8.5% |
| Breadwinners* | Single and wealthy** | Widows | High-level professionals*** | |
|---|---|---|---|---|
| Going into debt, not being able to pay off debt | 5% | 7.9% | 9.7% | 8.5% |
| Not having enough money to support my family | 7% | 2% | 3.7% | 5.9% |
| Not having enough money to retire | 13.6% | 4.9% | 2.4% | 17% |
| Running out of money in retirement | 59.3% | 71.6% | 67.1% | 58.2% |
| Not being able to cover medical expenses | 15.1% | 13.7% | 17.1% | 10.5% |
| Breadwinners* | Single and wealthy** | Widows | High-level professionals*** | |
|---|---|---|---|---|
| Newspapers, magazines or websites | 88.8% | 83.8% | 80.2% | 87% |
| Financial television news networks | 13.7% | 34.3% | 35.4% | 11% |
| Personal financial adviser | 28.3% | 29.5% | 31.3% | 27.9% |
| Friends or family | 12.7% | 1% | 8.3% | 15.6% |
| Seminars or other events | 4.4% | 6.7% | 4.2% | 3.2% |
| Financial institutions (bank, 401(k) provider, brokerage firm) | 16.6% | 21% | 16.7% | 23.4% |
| Breadwinners* | Single and wealthy** | Widows | High-level professionals*** | |
|---|---|---|---|---|
| Information hosted on an adviser's website | 41.7% | 37.9% | 40% | 53.8% |
| Social media accounts, blogs or newsletters from an adviser | 13.9% | 10.3% | 10% | 15.4% |
| Attending a seminar hosted by a financial adviser | 29.2% | 34.5% | 25% | 23.1% |
| Radio or television program where an adviser is the host or a guest | 15.3% | 17.2% | 25% | 7.7% |
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
