Millennials and GenXers are going to comprise a much larger piece of the client pie by 2023, according to a new survey. On the flip side, baby boomers and older clients will decline in numbers. Advisors need to learn strategies to appeal to the trending youth, experts say.
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Americans can retire abroad for a fraction of the costs needed in the U.S., and many are doing just that. Advisors have an opportunity to be the indispensable partner while helping clients through the retire-abroad process.
Who wouldn’t love a stream of guaranteed income in retirement? No one, of course. But many retirees are ruling out a prime source, fixed annuities, based on bad information.
Current pricing in federal funds futures markets suggests a 95 percent chance of a rate hike when the Fed committee meets Tuesday and Wednesday. Rising inflation and still-low interest rates are reasons another hike is likely.
Single retirees who work with an advisor are more confident in their retirement security than those who do not. This represents an opportunity for advisors.
Surveys indicate that between 40 and 60 percent of Americans list running out of retirement funds as their No. 1 fear. So what can an advisor for to help clients deal with that fear, and make sure it doesn’t come true?
New research launched today by research organization IGD and The Consumer Goods Forum forecasts the digital future for the food and grocery industry, predicting significant online growth for three key markets.
That’s not a superlative one might expect to describe Millennials, 1 but according to the J.D. Power 2018 Group Retirement Satisfaction Study, SM released today, it’s true.
Younger clients are counting wealth as more than money. RIAs who are really committed to holistic advising are going the next step and helping with clients’ well-being.
Financial advisors have the opportunity to grow their practice and gain name recognition by doing podcasts, either as a host, or a guest. Experts provide a few dos and don’ts for those thinking about it.
After the Federal Reserve hiked interest rates by 0.25 percent, banks, especially online financial institutions, started to move CD rates up toward 3 percent. Is it enough to move money?
Advisors are getting older and so are their clients. They both probably need to learn about succession planning for a secure retirement. Not only is it a service but also a lot of opportunity that comes with the liquidation of a business.
Millennials,’ silvers’ comprise largest groups using Investment vehicle. Boomers, ages 52-70, are in their peak investing years, but they lag behind their children and parents when it comes to using ETFs, according to ” BlackRock ETF Pulse Survey” data released by BlackRock Inc.
Are Morningstar ratings a useful tool for investors, or an overrated tool of the past? Money managers weigh in and say the answer might be a little of both.
Russell Joseph Mutter, 48, of Curraghmore Road in Clemmons, was indicted by a Forsyth County grand jury on a total of 12 felonies- four counts of investment advisor fraud, four counts of financial exploitation and four counts of obtaining property by false pretenses.
Baby boomer assets are the current wealth management sweet spot 1, but a growing segment of independent registered investment advisors recognizes that embedding Gen-Xers and millennials as long-term clients requires a shift in business strategy now.
A new service intends to rank advisors against one another based on performance managing money. Is it a fair and worthwhile endeavor?
New evidence shows data thieves are increasingly targeting the financial services industry. Surveys show Americans have little trust in the safety of their personal data, something experts say financial services should be proactive to correct.
The global market selloff is sounding alarms for many investors who fear a bear market. But while experts say that could happen, indicators are not pointing toward anything but continued market growth at the present time.
Commenters favor a tougher fiduciary type standard for brokers in initial feedback received by the Securities and Exchange Commission. The SEC’s Regulation Best Interest was released April 18 to mixed reviews.
Millennials want to hear more than just ‘pay debt, save money and plan for retirement’ from their financial advisors. Retaining those valuable young clients means listening to what they want, experts say.
But in a flash, he lost $2.5 million of their retirement savings by using it to bet on the volatility of U.S. stock markets. That’s what Joseph Daines, a retired orthopedic surgeon, and his wife Susan allege in a lawsuit against local investment adviser Mark Matsko and his firm Selway Asset Management.
First-quarter RIA mergers and acquisitions rocketed to a record 47 deals, bouncing back from 33 deals in the fourth quarter, according to new data.
The bank was found to have charged nearly 600,000 customers for insurance they didn’t need, which led to about 20,000 repossessions, investigators said.
Investment advice rules announced this week by the Securities and Exchange Commission, if finalized, will have a broad impact across the financial services industry. Here is who will be affected.
Financial services firms are getting fed up with high compliance costs, as 90 percent said they expect such costs to…
Several things contribute to clients outgrowing their advisors. In particular, advisors should be wary of these six things as they could be signs their client is ready to move on from the relationship.
U.S. stocks were broadly higher in afternoon trading, adding to the market’s gains last week. Technology companies, health care stocks and banks accounted for much of the rally.
Someday the bear will come. How well are advisors preparing clients?
Traditional advisory payment models are steadily disappearing as younger clients expect flexibility and competitive fees. With that in mind, many advisors are creating new payment options that are gaining favor.
Digital-first agencies find that step No. 2 might be handing it off to an advisor.
Americans generally worry about wages, but younger workers are also concerned about affordable education.
More than 50 percent of financial advisors expect to go deeper in their social media relationship with their clients.
InsurMark says Simplicity acquired it because of its success in the financial advisor market.
As he sits in the Erie County Prison, accused of fatally shooting his wife of five months on March 8, John Grazioli can no longer tend to his business, Grazioli Asset Management at 3614 W. 12th St., near Potomac Avenue in Millcreek Township.
A new Chubb survey finds that clients want their advisor to deliver property & casualty solutions, but only 28 percent of advisors offer these coverages.
Kenneth Ray Cleveland, 64, a former financial adviser based in suburban Los Angeles, has agreed to plead guilty to defrauding former NFL player Cory Redding out of $4.7 million.
A peek at leading indicators are signaling that further economic growth and stock market gains lie ahead, economic analysts say. In particular, manufacturing production and consumer confidence.
Planning experts offer advice on crafting a responsible retirement plan that takes into account sharply rising health care expenses. A retirement plan that shorts health care planning can leave a client high and dry, they say.
What if you have a client who needs to make a significant withdrawal during a bear market early in retirement? That scenario can devastate a nest egg, and avoiding it takes plenty of planning.
More consumers are anxious about their finances and want to hear about annuities, according to the latest Greenwald survey.
Advisors should give fixed indexed annuities (FIAs) a serious look because FIAs offer a compelling story in an era of low bond yields, according to Roger G. Ibbotson, one of the most recognizable names in finance.
Some industry observers say demographic, regulatory and technology trends have generated new momentum for many RIAs to consider offering fee-based annuities. The potential for mutual growth is high, some say.
