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Halo Investing raises $100 million
The platform, which provides structured notes, annuities and other investments, plans to use the funds to expand its product offerings.
Fidelity’s HSA business grew 50% in a year
The biggest players are getting bigger, with the top four increasing their share of the health savings account market from 56% to 60%, according to a recent report by Morningstar Inc.
Jackson National introduces index-linked annuities
The insurance provider has created versions of the new product for commission-based and fee-based advisers.
BlackRock lands clients for its 401(k) annuity product
The retirement plan sponsors that have signed on for the new service, which mixes target-date funds and annuities, collectively represent more than $7.5 billion in plan assets.
Annuity targeting RIAs applies living benefit to separate fund, ETF portfolios
RetireOne's contingent deferred annuity for the registered investment adviser market includes about 200 mutual funds, ETFs and model portfolios.
Barred adviser to fight elderly theft charges in court
Jeffrey Dampf was barred from the securities industry last week for not cooperating in Finra's investigation of allegations that he stole money from elderly clients.
Prudential reorganizes retirement business
After striking a deal to sell a large part of its retirement business to Empower, the company is creating one unit, Prudential Retirement Strategies, to serve institutional and individual customers.
Few are prepared for long-term care costs
Families continue to provide the bulk of unpaid care, according to a new report that estimates more than one-third of individuals don't have the resources for even a year of minimal care.
The rise of insurtech
Just 10 years ago, there was little crossover between securities and insurance, as insurance agents, health insurance agents and Wall Street advisers traditionally stayed in separate lanes. But that has started to change.
On a hiring spree? Retirement income could help lure workers
About 70% of people surveyed said they would choose a job with that feature over a similar one without it, according to a survey by TIAA.
Annuity sales reach near-record in second quarter
Sales hit $68.2 billion, up by 40% from the second quarter of 2020, according to the Secure Retirement Institute.
Managing operational risks at growing advisory firms
As changes bring about increased risks, RIAs need to recognize that insurance is a vital component of their risk management strategy.
Jackson Financial completes separation from UK insurer Prudential
The company's shares are expected to begin regular trading on the New York Stock Exchange on Sept. 20.
Annuities are now a big business for PE firms
Private equity firms' insurance companies accounted for more than 40% of all indexed annuity sales industrywide during the second quarter.
Northwestern rep overseeing $380 million goes indie with LPL
John Vande Bossche leads the six-person team in Anaheim, California, that includes his wife, son and daughter.
J.P. Morgan, AIG to offer annuity tool for 401(k) plans
SmartRetirement Plus will pair J.P. Morgan's target-date funds with AIG's IncomEdge Control annuity to meet the needs of plan participants who would like to receive regular monthly income in retirement.
Former lawyer to pay $42 million for life insurance fraud
Defendants in the long-running case have been ordered to pay restitution to more than 200 plans. Assets were allegedly siphoned from benefits payments to buy property and used for other personal expenses.
Fintech firm offers annuity selection tool
Luma Financial Technologies' new tool, Luma Compare, lets advisers compare a variety of products.
Lincoln Financial names Ellen Cooper CEO
Cooper, the company's chief investment officer, succeeds Dennis Glass, who has been chief executive since 2007.
The risks of not talking about cognitive decline
Despite the difficulty of the conversation, clients are most often receptive to planning for health problems later in life, including diminished mental capacity.
