Helping clients deal with market turmoil can be akin to crisis counseling, writes Dan Solin of the BAM Alliance and Buckingham. Advisers should listen, educate, offer support and recommend coping strategies for clients who are particularly panicked, Solin writes. Advisor Perspectives (1/26)
The Congressional Budget Office has greatly reduced its forecast of how many people will get health insurance through the Affordable Care Act's exchanges this year. The new estimate is about 13 million people, down about 40% from an earlier estimate. The New York Times (free-article access for SmartBrief readers) (1/25)
PayPal CEO Dan Shulman said at the World Economic Forum in Davos, Switzerland, that he expects a worldwide transformation of financial services, driven by a digitisation of money, a mass migration to mobile, a growing mountain of data, a blurring of industry boundaries and a focus on security. Shulman expects…
Advisers who work with middle-income clients recommend taking such steps as focusing on client education, understanding clients' challenges and adjusting fees to work successfully with the middle market. WealthManagement.com (U.S.) (1/25)
A partnership with Aequalis and Munich Re helped Prudential Financial get the mortality data it needed to feel confident offering life insurance policies to people with HIV, said Mike McFarland of Prudential. LifeHealthPro (1/25)
President Barack Obama's budget proposal for fiscal 2017 includes initiatives to speed up growth of employer-sponsored retirement-savings plans, administration officials say. Among the measures is a requirement that employers that don't offer a retirement plan provide an individual retirement account with auto-enrollment. Pensions & Investments (free access for SmartBrief readers)…
Behavioral-finance studies reveal that people who are confused put off making decisions. LIMRA's research has shown that this is particularly true for people shopping for life insurance. To give you an idea of how important effective communication is, consider a LIMRA/Maddock Douglas report that found there are 19 million "stuck"…
Financial advisers should be using social media as a business tool, writes Matt Oechsli. But they should also strive to avoid some common blunders, such as posting items that are too political or too religious, he adds. WealthManagement.com (U.S.) (1/21)
Congress has made the ability to contribute to charitably causes from an investment retirement account permanent. IRA holders who are 70½ or older can donate up to $100,000 annually without taking distributions first. Reuters (1/21)
Fidelity Investments hit a record Jan. 4 when almost 4 million retirement investors contacted the company to check on their savings as the market dipped. Other firms also have seen high volumes of calls this month, but many investors are not looking to make changes. "Most people are calling just…
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
