An unidentified fraudster stole a Florida woman’s identity to befriend the 80-year-old Oregon man through an online dating service, according to the Oregon Department of Insurance. The fraudster quickly persuaded him to send money for a business opportunity.
The annuities debate is among the most intense and divisive in the financial services industry but the truth is much less flashy than the hardliners like to imply: as with most investment and insurance options, annuities can be a helpful tool for some, but are not a good fit for everyone.
The optimism of high-net-worth investors fell a full 10 percentage points, to 55% in 2019 from 65% in 2018, as concerns about markets, the economy and politics at home and abroad continued dominating the headlines.
While advisors certainly help clients manage money, they add even more value by helping a family make personal financial decisions, few of which are more personal than the choice to pursue a college education. Here are some important strategies to consider.
Variable annuity sales in the third quarter were $21.2 billion, an increase of 1% over the previous quarter. Variable annuities have no floor, and potential for gains/losses that are determined by the performance of the subaccounts that may be invested in an external index, stocks, bonds, commodities, or other investments.
In case you missed this week’s financial news headlines …
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
An estimated 88% of total U.S. public market assets are affiliated with a Principles for Responsible Investment (PRI) signatory, however only 4.5% of signatory assets are described in their official product documents (e.g., prospectuses) as taking ESG considerations into account to inform investment decisions, a Cerulli study found.
The future belongs to agents and advisors who broaden their solution set and partner effectively. To deliver holistic planning support in a cost-effective way, however, you need a partner that can supplement your existing knowledge and capabilities. Ideally, your partner will bring to the table:
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
Studies show Americans are anxious about running out of money in retirement, but few have made an effort to determine their income needs.
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
Billionaire investor Paul Tudor Jones believes that a Warren presidency would sink the S&P 500 25%.
In September, brokerage firm Charles Schwab laid off 600 employees. In a Wall Street Journal interview the company cited the “challenging economic environment” for the layoffs.
The News: The Securities and Exchange Commission is proposing a rule to loosen investment advisor advertising restrictions that have been…
Over 90 companies and industry groups urged Congress to pass the stalled SECURE Act.
The News: Two Republican and two Democratic senators have introduced a bill to exempt small brokers from having to use…
