Advisors: How to Outsmart the Smartphone

The shorthand message to registered investment advisors at the Technology Tools for Today (T3) conference in chilly Fort Lauderdale this week: Don't end up as a Yellow Cab in an Uber world.

Research Roundup

We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'

An Annuity’s ‘Moneyness’? There’s an App for That

How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.

A Chip Off the Old Rock?

Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
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What’s Holding Back the World Economy?

Neither monetary policy nor the financial sector is doing what it’s supposed to do. The flood of liquidity has gone toward creating financial wealth and inflating asset bubbles, rather than strengthening the real economy, write our guest columnists.

The Prodigal Daughter (and the Annuity)

An elderly woman's remaining wealth was being eroded by a feckless daughter and granddaughter. Could an advisor solve a family mess with an annuity?
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