Advisors/Planners/Reps
The Annuity Marketplace will provide income, rate, yield, and product information on annuities from more than 60 issuers, a CANNEX release said. Advisers can illustrate the outcomes of market...
The age-old question: How long will your clients live?
For financial advisers trying to estimate how long their high-net-worth clients will live, a new white paper from HealthView suggests that only the very healthiest people need expect to...
Envestnet and Kestra co-launch platform for plan advisers
Envestnet's cloud-based platform supports more than 108,000 advisors and 6,000 companies. Kestra Financial, based in Austin, Texas, is part of Kestra Holdings.
How to Interpret the Proposed RMD Regs: Wagner Law
Without special 'see-through' trust provisions, a retirement asset with a trust as beneficiary may need to be distributed by the end of the 5th year following the year the participant...
Advice is still a luxury item
Either because they avoid advisers or advisers avoid them, about 80% of investors with less than $100,000 saved do not have a financial adviser, according to Cerulli. Fees are...
How RIAs can stay ahead of the competition: Cerulli
Broker-dealers 'are impinging on what has historically been viewed as largely unique to the RIA channels—an independent, fee-based business centered on financial planning,' a new Cerulli Associates report says.
Share of ‘advisor-reliant’ investors grew since 2015: Cerulli
The proportion of affluent investors who consider themselves predominantly 'advisor-reliant' rose to 42% in 2021 from 37% in 2015, according to the Cerulli Edge-US Retail Investor edition.
Northwestern Mutual Life rolls out PX (Planning Experience) Adviser Interface
In this blogpost from McKinsey, chief distribution officer Tim Gerend and chief customer officer Christian Mitchell explain the process of rolling out a new adviser/client interface that facilitates the...
Boomers will bequeath $51 trillion over next two decades: Cerulli
Cerulli said advisors should be aware that the Biden administration's tax proposals would greatly hike the top-line capital gains tax rate on earnings exceeding $1 million, affecting almost one...
If the DOL Investigates You…
Here are five FAQs about Department of Labor investigations of retirement plan advisers, and answers from attorneys at the prominent ERISA law firm Faegre Drinker. (Photo: Labor Secretary Marty...
Advisors underestimate interest in ESG investing: Cerulli
'Asset managers and advisors are discounting the interest from a broad swath of the investing public,' Cerulli's Matt Belnap said. 'Both asset and wealth managers should seek to make...
DOL releases guidance on fiduciary investment advice
The Biden Department of Labor evidently wants retirement plan participants to be ready with questions to ask advisers who invite them to roll their plan assets to a brokerage...
Hardwired COLA vs. Performance-Based COLA: What’s Best?
For retirees who don’t mind slight to moderate reductions in their annual income roughly one-third of the time, we recommend withdrawing a fixed percentage of their portfolio’s ending account...
Reaching HNW clients in the pandemic era: Cerulli
'Many asset managers have shifted to a channel-agnostic approach distribution model from a channel-specific model,' said Cerulli analyst Asher Cheses.
As B/Ds merge, technology and culture are keys to success
In a recent survey by Cerulli Associates, technology was tied for the top spot among the factors most frequently cited by advisors as influencing their decision to join a...
In line with SEC, DOL issues broker-friendly ‘best interest’ rule
This version of the best interest rule reflects the spirit of the Trump administration. It is much more de-regulatory and less consumer-protective than the Obama administration’s 2016 best interest...
Pace of portfolio construction outsourcing will slow: Cerulli
In times of uncertainty, more advisers prefer to retain control over investment decisions rather than follow outsourced or company-mandated portfolio adjustments, the research firm said in a new report....
Markets ‘unnervingly detached from economics’: CFAs
'CFAs “are particularly interested in full transparency on whether any affiliate of Congress or executive branch received funding,' said a CFA Institute release.
Why Is Income Planning So Hard?
Everyone says retirement income planning is harder than 'accumulation' planning--for advisers as well as their clients. If so, what makes it that way?
A New Kind of Income Annuity
Achaean Financial and Ash Brokerage, a large Fort Wayne, Ind., BGA, are partnering on a potential retirement game-changer: Achaean's immediate indexed income annuity, couched in Ash's JourneyGuide planning software....