‘Folks Distrust The Existing Establishment,’ Ex-Rep Tells IRI
A former congressman told an industry group he believes Congress is “co-partisan” when it comes to retirement security issues.
Cassie Miller
Emotions Drive ESG Investors
ESG investment strategies are on the rise, the Allianz ESG Investor Sentiment Study found, and the return on investment isn’t the only reason these in-demand investments are making waves with investors – it’s the emotional payoff.
CHICAGO – The 2019 Morningstar Investment Conference wasted no time answering the most pressing questions on advisors’ minds. From understanding…
Charts, plans and formulas can tell clients the right thing to do, but they will not get clients to do the right thing, according to Morgan Housel of The Collaborative Fund.
Massachusetts Requests Public Comment On Advisor Fee Table Amendment
The Massachusetts Securities Division requests public comment on a proposed amendment to existing disclosure obligations on advisors registered in the state.
How Advisors Can Educate And Empower Female Investors: Q&A with Melanie Husk
Melanie Husk, a financial planner and founder of MEL Consulting Company in Chicago has made a career of helping people achieve their financial goals. A former volunteer with Women Tech Founders and Femfessionals, Husk has made it her focus to empower women to economic prowess. At her company, Husk teaches a financial wellness program once a year to educate and empower women. AdvisorNews asked Husk a few questions about what advisors can do to better empower female investors.
In case you missed it, here are a few headlines from this week in financial services news.
Estate Planning Mistakes: Are Your Clients Guilty Of These?
Clients often come to estate planning with a lot of misconceptions. Here’s a few big ones and how advisors can get their clients back on track with a successful estate plan.
ICYMI: Trump Nominates New SEC Commissioner, Maryland Fiduciary Rule Killed
In case you missed it this week President Trump nominated a new SEC commissioner and Maryland gives state fiduciary rule a bad report.
Why Emotional Intelligence Is A Must-have Trait For Advisors
Utilizing your EQ more often with clients, family and friends can help you better understand people and their motivators. Employ these techniques to improve your EQ and enjoy the benefits of a more personal connection to those around you.
Five First Ladies Of Finance
March is Women’s History Month. As such, it’s the perfect time to celebrate the historic women who paved the way for all of the women currently working in the financial services industry by acknowledging the triumphs and obstacles they faced and sharing their stories.
Sustainable Investing Goes Mainstream
Sustainable investment strategies have the financial services industry seeing green in more ways than one.
5 Misconceptions Advisors Hear About Financial Planning From Clients
Advisors: help your clients separate fact from myth by educating them on these common misconceptions.
‘There’s More Work To Be Done:’ Reg BI Faces Criticism At Congressional Hearing
The United States House of Representatives Committee on Financial Services and the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a hearing Thursday morning examining the Securities and Exchange Commissions proposed Regulation Best Interest rule.
Is Holistic Planning The Answer To The Retirement Crisis?
A new type of advisor is emerging, shaking up traditional, outdated approaches and placing greater emphasis on getting ordinary workers retirement-ready.
Better Know An Association: Your Guide To Associations In The Financial Services Industry
Are you or someone you know new to the financial services industry? Check out our guide to industry associations and groups to make the decision-making process a little easier.
More Than Math: Helping Clients Find Purpose In Retirement Planning
The eye-opening experiences of helping her husband transition into retiree life prompted Adams to starting focusing on the non-math aspects of retirement with her clients ensuring they really are retirement – ready.
Reg BI’s Long Sleep
The continuing government shutdown has left federal agencies scrambling. Short-term, tax refunds and passports could be delayed being issued, but the long-term implications could have dire repercussions for potential policies such as the Securities and Exchange Commission’s Regulation Best Interest standard, which, prior to the shutdown, was due out sometime this year.
Government Shutdown Could Delay Reg BI Rollout
So, where is the policy now? What’s changed? And when can advisors anticipate a final rule on Regulation Best Interest?
State-run Retirement Plans Can Be ‘Complementary’ To Private Sector
Can states and financial professionals work together to help more people save adequately for retirement? One expert thinks so.
Top 10 Financial Articles Of 2018
There’s been no shortage of financial news in 2018. From the SEC’s Regulation Best Interest to the ups and downs of the stock market, here are the best AdvisorNews articles of 2018.
Taking On Retirement: What States Are Doing To Close The Retirement Gap
In 2018 alone 16 states and one city have introduced legislation to tackle the growing issue of the retirement savings gap among private-sector workers. Which states and what are the specifics on these newly introduced plans?
Doing Good: How Advisors Are Giving Back This Holiday Season
The holiday season is the time of year for celebrating our many good fortunes and giving back to the community….
Are Sliding Stocks Rattling Your Clients?
Since mid-October the stock market has been volatile to investors, soaring upward one day and crumbling the next. This week alone the Dow Jones lost 913.25 points. So, has the six-week slide left investors skeptical of the market and its growing volatility?
FPA Plan Will Not Disband Local Chapters, CEO Says
The FPA announced to chapter leaders on Nov. 2 that it would pursue a new business model in 2019. This week an email sent out by Executive Director and CEO Lauren Schadle to FPA members detailed the changes coming to the organization.
While the IAC is optimistic about the SEC’s REG BI proposal, it offered a few changes for consideration after reviewing public comments. A recent statement from the IAC suggests that their previous suggestions were not taken by the SEC.
Asking someone you’ve never met to trust you with their finances can be a daunting conversation to face. To newcomers to the industry, the idea of building trust and confidence sounds like an uphill battle with a lot of rejection along the way. Here’s what veteran advisors had to offer about talking to perspective clients and making first steps with new clients.
State Of The Fiduciary: States Step In Where Federal Agencies Left Off
While the SEC revises its rule-making package containing regulation best interest, Form CRS and title reform, several states are taking matters into their own hands, establishing a fiduciary standard in the hopes of better-protecting investors.
Beware Oct. 24: The Darkest Day For The Stock Market
Historically speaking, Oct. 24 has never been a good day for the stock market (or much else for that matter. No, really – look it up). So, why has this day become nightmarish for those on Wall Street? It all started on Oct. 24, 1929.
Millennial Business Owners Know The Secret To Retaining Employees: Retirement Plans
Unlike business owners of other generations, Millennials are more likely to be prepared and supportive of their employee’s retirement planning, a Nationwide survey suggests.
Why The New Tax Plan Means Reevaluating Your Clients’ Estate Plans
When the TCJA passed last December, it made several sweeping changes to policies such as the generation-skipping transfer tax. Although it’s worth noting that those changes are still temporary, experts say it’s better to take a second glance at those estate plans now.
What’s In A Name? The Advisor Debate Rages On
Despite the definition in the Investment Advisers Act of 1940, there still seems to be a disagreement as to whether or not the title and its two spellings are an issue.
More Than A Fancy Office: Forge An Elite Advisor Reputation
You might have a fancy office, but the advisor down the street has a fancy office, too. You both also have a website and business cards. At a certain point, the markers that used to represent success become the norm, and these items — like a nice office — aren’t what will set you apart.
Analysts Watching Market Ahead Of Midterms
Analysts and market forecasters are also keeping a close eye on the elections given that policy, tax reform and infrastructure could all change, November could cause a rise in market volatility.
SEC Welcomes New Commissioner
On Wednesday, the Senate confirmed the SEC’s newest commissioner Elad L. Roisman.
2017 The Lowest Year On Record For Registered Firms Entering The Industry
2017 was the lowest year on record for registered firms entering the industry, according to FINRA’s 2018 Industry Snapshot Report.
SEC Chairman Issues Statement On Feedback From Investor Roundtables
In a statement from the SEC, Chairman Jay Clayton shared his takeaways from the feedback the commission has received regarding the proposed rule-making package that contains Regulation Best Interest, Form CRS and a fiduciary standard.
Active Managers, Rejoice! Your Day Could Be Coming
Data from LPL Financial suggests that while active managers have struggled to perform against equity benchmarks the past few years, they may be poised for a comeback.
Industry Heavyweights Kitces, Fisher Weigh In On SEC Rules
Days before the SEC comment page closed, Industry heavyweights Michael Kitces and Ken Fisher shared their thoughts on the threefold rule proposal containing a fiduciary standard, Regulation Best Interest and Form CRS.
As Deadline Nears, SEC Continues to Receive Comments About Regulation Best Interest
The deadline to comment on Regulation Best Interest, Fiduciary Standard and Form CRS closes on Tuesday, August 7. So far, thousands of comments have poured in from investors, financial professionals and special interest groups.
Digital Zombies Want Your Brains – What Millennials Really Seek From Advisors
The financial world has been trying to understand this tech-savvy, minimalistic generation for years and now, research is finally shedding some light on this elusive group.
Lingering Effects Of DOL Rule Haunt Life Insurance
One in three financial advisors recommended permanent life insurance in 2016. By 2018, only one in four recommended the products, according to the 2018 Trends in Investing Survey conducted by the Financial Planning Association.
AARP Inspires Thousands To Comment On SEC Rule
With less than one month left to weigh in on Regulation Best Interest, investors and interest groups have inspired thousands of consumers to make their opinion known.
SEC Encourages Dialogue With Investors Through Roundtables
“We want your views,” SEC Chairman Jay Clayton says of the SEC’s cross-country roundtable tour to hear from investors.
