'I would not worry too much about complicated strategies,' Otar wrote after reviewing Andrew and Laura’s retirement finances. 'They probably don’t need guaranteed income (annuities), a bucket strategy or anything fancy to cover their shortfall.'
Asking CFP, CIMA or CFA advisors to outsource portfolio construction and management to a third party is tantamount to questioning their purpose in life,' said new research from Cerulli Associates.
'This is not a problem of Truth and Proof,' wrote Francois Gadenne of RIIA in an email and the inconsistencies of advice. “It is a problem of measurement (of outcomes) and fit (to a specific client type).
The program aimed to work in support of private industry, not against it. When MyRA account balances reached $15,000, Treasury bond assets would be liquidated and rolled into private-sector brokerage IRAs.
American Funds, Empower Retirement and Voya are now joining Fidelity and Vanguard on plan sponsors’ short-lists of potential recordkeepers, according to Cogent Reports.
Total global fintech investment more than doubled quarter-over-quarter to $8.4 billion across 293 deals, up from $3.6 billion in Q1'17. Of that VC firms accounted for 227 deals worth about $2.5 billion.
'Fund manufacturers without a low-cost solution are, at best, being ignored and at worst, getting trampled,' said Jeff Tjornehoj, Broadridge's director of fiduciary and compliance research, in a release.
Brief or late-breaking items from AllianceBernstein, BrightScope, ARIA Retirement Solutions, Cerulli Associates, Betterment, and MetLife.