Many local advisory firms do a poor job of digital marketing, writes John Capuano of Lone Beacon Media. A good place to start improving is by examining website analytics to find patterns and trends, he writes. WealthManagement.com (U.S.) (12/10)
Adviser Eve Kaplan writes about a client couple, one of whom was diagnosed with Alzheimer’s. Given the Medicaid rules, the best strategy, she concluded, was for them to divorce to make it easier to afford the proper health care services. AdviceIQ (12/10)
The Securities and Exchange Commission plans to crack down on advisers who fail to protect client data from cyberattacks, said Andrew Ceresney, head of enforcement. The regulator fined a St. Louis firm $75,000 for failing to protect clients from an attack that originated in China. “There will be more cases…
Academic researchers say offers of lump sum payments via the Social Security program could persuade workers to delay the day they start taking benefits. The people most likely to accept the offer are those who today claim at the earliest ages, they conclude. ThinkAdvisor (12/10)
When the Federal Reserve starts pushing interest rates higher, the result will be better prices and benefits for annuities and life insurance, experts say. In particular, the terms for guaranteed minimum withdrawal benefit riders are likely to become more attractive, they say. InvestmentNews (12/10)
Two popular Social Security claiming strategies will soon be eliminated. Lynn Nolan writes that “now is the time to meet with clients” to make plans. For some future beneficiaries, April 30 looms as a critical deadline. LifeHealthPro (12/10)
In the near future, the Internet of Things may well make a trove of personal information available to hackers, warns Kathleen Tierney of Chubb Personal Insurance. Wealthy people may be the most at risk. ThinkAdvisor (12/9)
In a survey by Financial Planning, nearly half of advisers between 65 and 74 say they don’t use social media, while 35% say they don’t use financial planning software, underscoring the technological gap for this group. But it doesn’t have to be that way, according to adviser Gary Witten, 72….
Congressional critics of the Labor Department’s proposed fiduciary rule hope to use an amendment to a federal spending bill to delay or kill the measure. Industry groups are upbeat about this approach’s chances. The Hill
In 2013, only one carrier, Allianz, offered a volatility controlled index option within a fixed income annuity. Today, almost 25 annuity companies offer such products, said Jack Marrion of research firm Advantage Compendium. InsuranceNewsNet online (12/8)
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