Do you build and wholesale financial products? Cerulli reports that the giant wirehouse channel shrank slightly last year, to the benefit of the fast-growing RIA and dually-registered advisor channels.
At their software start-up, Income Lab, three former Jackson National Life executives want to help advisers help clients optimize retirement income. They enter a financial planning field dominated by MoneyGuidePro and eMoney Advisor.
Joe Wittrock, CIO at Security Benefit Life, explains how the firm's investments outperform. Eldridge Industries, run by ex-Guggenheim president Todd Boehly, owns SBL, Billboard magazine (right, with Billie Eilish on the cover) and lots else.
Here's new research on tax avoidance among the very rich, the logic that millionaires use when buying equities, considerations for plan sponsors when estimating income from 401(k) balances, and a worst-case scenario for future tax rates.
This video, which has been viewed over four million times on YouTube, shows how the explosive growth of stock market wealth over the past 30 years has changed U.S. financial demographics to a degree that most Americans don't yet grasp.
Conservative reviewer Hutchinson praises Benn Steil's new book on the 1944 Bretton Woods negotiations, which documents how Britain lost its economic crown jewels at the historic conference in New Hampshire.
“Our practices are in compliance with ERISA and DOL guidelines,” a Fidelity spokeswoman said. “We believe that the practices described in the lawsuit are consistent with the law and fair to all parties."
“The disclosure notices — or the discussion of them — did seem to improve the knowledge of those who believed they didn’t pay any fees or expenses,” said Alison Salka, corporate vice president and director of LIMRA Retirement Research.
To help reduce a general budget deficit, the government has had to divert contributions away from the second pillar, a defined contribution plan whose Polish acronym is OFE, to the Pay-As-You-Go first pillar, whose Polish acronym is ZUS.
SmartStep offers four years of guaranteed rates: an initial rate set by the company followed by three years of stepped-up rates. At the end of the guarantee period, the contract is credited with an annual renewal rate set by the company.
"Worldwide, fixed-income funds gathered USD 535 billion in 2012, or nearly 95 % of long-term net inflows,” said Syl Flood, product manager, investment research for Morningstar.