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No longer ‘annuicide’: How insurance products are reaching the fee-based channel
RIA Lab session looks at the insurance industry's evolution toward providing custodial-like relationships with advisers.
Convergence of health care costs and retirement planning
Software helps advisers incorporate clients' Medicare expenses into their retirement plans.
Northwestern Mutual adds ESG option for wealthy clients
The new 'white glove, customized' options for high-net-worth clients are available from the company’s advisers.
Fidelity study shows retirees way off on health care cost estimates
Fidelity estimates a 65-year-old couple retiring this year will spend $315,000 on health care and medical costs throughout their retirement, which is up 5% from its estimate last year.
N.J. adviser charged with posing as police officer in botched robbery
Anthony Naso and an accomplice identified themselves as law enforcement and wore police-style badges during an attempted robbery in 2020, according to police.
Fiduciary group offers best practices for using annuities in retirement plans
The key to a prudent process for selecting annuities for a retirement plan is to assess cost, performance and risk factors.
Momentum continues for SECURE 2.0 legislation
Measures that would build on the SECURE Act's efforts to improve retirement security could run into trouble if consumer advocates zero in on annuity reform.
First-quarter annuity sales driven by record sales in March
Total US annuity sales rose 4% to $63.6 billion, according to the Secure Retirement Institute.
Experts stress retirement strategy preferences go beyond maximizing return
Advisers should talk to their clients about their comfort level with risk and whether they prefer a safety-first approach.
Giving mom the gift of long-term care
The best time to consider long-term services and support is before a parent experiences a health care event like a fall, heart attack, car accident or cognitive decline.
Increasingly depressed employees batter bottom lines, study says
71% of employers feel the deteriorating mental health of their workforce is having a negative financial impact on the company.
Volatility, recession top investor fears, study finds
Virtually all advisers have risk-management strategies in place, says Nationwide.
GWG blames SEC investigation of brokers for its collapse
The SEC's probe of GWG spilled over to include the sales practices of some of the 145 broker-dealers that sold the bonds, according to bankruptcy filings.
GWG Holdings files for bankruptcy
The market has been anticipating the move for more than two weeks; the company has struggled of late and repeatedly missed the deadline to file audited financial statements in the past couple of years.
10 IBDs with the most annuity revenue
In 2021, annuity sales hit their highest level since the financial crisis. Here are the firms that took in the most annuity revenue last year.
Annuity sales in 2021 hit highest level since 2008
One of the best-performing products last year was registered index linked annuities, which are touted for use in volatile markets.
Millennium Trust enters HSA market with purchase of PayFlex
The deal pushes Millennium up to 5 million individual client accounts and $47 billion of total assets under administration.
GWG prepping for bankruptcy: Sources
Investors in the $1.6 billion of bonds issued by GWG face dire consequence if the alternative asset manager files for bankruptcy.
AIG files for IPO of life and retirement business
The insurer's life and retirement arm, which has $411 billion in client assets, will be renamed Corebridge Financial once it goes public.
Jury finds ex-LPL broker liable in fraudulent sale of annuities
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
