Over the past two weeks, InvestmentNews hosted its 14th annual (and first virtual) Retirement Income Summit. Having had the opportunity to moderate and host this collection of leading investment minds, I wanted to share my takeaways for advisers and their clients as we look at retirement planning now.
First, and foremost, communication must change. The consistent message over the four days, from a variety of voices, was that the key to success for clients planning for retirement and those living in retirement is a regular cadence that allows questions to be asked and new information to be shared.
Second, while I hate clichés and catchphrases, the current environment does provide the opportunity for a “retirement reset.” That phrase serves as an umbrella for a host of factors affecting retirement, including ultra-low interest rates hitting income planning. And the job market has moved up the decision on when to retire for those losing their jobs and retiring earlier than anticipated. Meanwhile, others with jobs but unanticipated financial insecurity are now looking at working longer.
Everyone — clients and advisers alike — needs to look at retirement with a fresh eye.
Finally, RIS reminded us all that the SECURE Act is still out there — that was a massive change that dominated the first months of 2020. Michael Kitces spent nearly 90 minutes breaking it down in his presentation and Q&A. Check out our coverage on pages 12 and 13. Enjoy!
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
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.
