EBRI’s Spring Policy Forum Addresses ‘The Great Resignation’
The Great Resignation along with its possible causes was one of the key topics of discussion at the Spring Policy…
Ayo Mseka
Search for Talent Poses Greatest Challenge for Independent Advisors
Finding and keeping talent is the greatest challenge for registered investment advisors (RIAs), according to a survey by Advisor Growth Strategies. This hunt for the right people is fueling a record-setting mergers and acquisition (M&A) climate.
EBRI: Financial Wellness Efforts Lead To Increased Retirement Plan Assets
An increasing number of employers are offering financial-wellbeing programs to their employees as they seek to improve overall worker satisfaction, reduce financial stress, increase productivity, and make improvements to retirement plans and other employee-benefit programs.
Financial Well-Being Programs Could Increase 401(k) Plan Usage
During a webinar hosted recently by the Employee Benefit Research Institute, several industry executives shared some information on how workers use and benefit from these programs and practical approaches for improving their usage and impact.
Crypto, Fractional Shares And Securities-Based Credit Lines Go Mainstream
Three innovative financial offerings – cryptocurrency, fractional stock shares and securities-based lines of credit (SBLOCs) – are going mainstream, with penetrations in the double digits among U.S. households, especially among younger investors.
No Go For The Robo: Study Finds Americans Still Value Human Advisors
Americans see several advantages of working with human advisors. These include the opportunity to build trusting relationships (chosen by 66% of survey respondents), ease of communication (65%) and high levels of human interaction (49%).
The 5 Types Of Mentors Every Advisor Should Have In Their Life
As many professionals look for ways to move up the corporate ladder, a growing number of them are making use of a personal board of directors (PBDs) — a small group of people whose job is to advise, inspire, and guide them toward a successful and rewarding career.
Award-Winning Advisor Shares Five Steps For Sustainable Success
What does it take for advisors to be not only successful, but to maintain success over a long period? Brian Haney discusses some tried-and-true strategies he developed over many years running a successful advisory firm.
LinkedIn Can Be ‘An Unlimited Source Of Referrals,’ Advisor Finds
LinkedIn can be an excellent tool for advisors to gain introductions and referrals from their clients. After all, LinkedIn is where most good prospects, such as business owners and executives, can be found.
Roses, Chocolates And … A Financial Plan? Couples Love Security: Study
Four of five U.S. households (82%) think about working toward long-term financial goals, with half (54%) having a plan. But only one-third of households with plans report having written plans.
Advisors Turning To Technology During The Pandemic
The pandemic has encouraged many financial advisors to change the way in which they look for new clients and conduct business with existing clients. For quite a few of them, it has accelerated advancements that were already under way in virtual communications with their clients and has brought about a huge increase in efficiency.
Thrivent Survey: 70% Of Americans Have No Extended Care Plan
Despite the COVID-19 pandemic, a survey from Thrivent found that perceptions toward extended care planning haven’t changed, and a significant percentage of Americans have not documented their plans, should the need for extended care arise.
Study: Nearly 66% Of Gen Z Workers Say They Need A Financial Advisor
About one-third of younger participants in 401(k) plans predicted that their retirement will be delayed because of the pandemic. At the same time, about one quarter of Gen Z workers and one-third of Millennials said that their loyalty to their employers has increased because of how the employers managed the pandemic.
91% Of Clients Likely To Keep Advisor, But Want Changes, Survey Finds
Clients are satisfied with their advisory relationships, and the most significant client concerns have less to do with the level of service being provided and more to do with their own level of self-confidence about their financial future.
75% Of Gen Z Americans Are Stressed Out About Finances, TIAA Finds
Six in 10 Americans reported that they are stressed about their finances, including a quarter with “a great deal” of stress. Seventy-five percent of Gen Z (along with 74% of millennials) report feeling financially stressed.
Study: Americans Emerge From Pandemic In Need Of Financial Advice
In terms of assets, the biggest advice gaps are estate planning, managing finances of aging loved ones, and deciding whether to do Roth conversions, when households with $5 million and more are included, according to a new report.
How Advisors Can Better Communicate With Clients Amid Covid
With the pandemic still making it difficult for many advisors to meet frequently with prospects face-to-face, many of them are looking for methods they can use to acquire and engage clients in this COVID-19 environment.
Don’t Repeat These Mistakes With Your Clients In 2022
This year has taught financial advisors many valuable lessons—lessons that should hopefully prepare them to handle the numerous opportunities and challenges that await them in 2022.
Inflation Seen As Biggest Risk To Americans’ Retirement Plans In 2022
Americans say they worried the most about the COVID-19 pandemic in 2021, but rising inflation is now seen as the biggest risk to their retirement plans.
Americans Financially Optimistic About 2022, Fidelity Finds
This year, more than 6 in 10 (62%) Americans feel optimistic about the future, despite the unknown and 72% are confident they’ll be in a better financial position in 2022.
Younger Generations Turn To Social Media For Financial Advice
More than one-third (39%) of Americans under the age of 65 are receiving their financial advice online or from social media, according to a survey by the National Association of Personal Financial Advisors.
Consumers Undergoing A Post-Pandemic Financial Awakening, Research Shows
Consumers are in a positive mood about investing and receiving professional advice, a survey shows.
