Managing volatility in client portfolios will be one of the most important challenges over the next 12 months, according to advisers surveyed by the Harris Poll for Jefferson National. Among registered investment advisers and other fee-based advisers, 76% said they anticipate rising volatility in the coming year. ThinkAdvisor (6/27)
Britain's vote to leave the EU is causing volatility in financial markets, but investors should avoid reacting emotionally and stay focused on a long-term plan, advisers say. "If your plan was the right one the day before Brexit, it is still good the day after," Fidelity's Jurrien Timmer wrote in…
The US Labor Department and financial trade organizations challenging the legality of the agency's fiduciary rule have agreed to a litigation schedule that could produce a decision in a federal court in Dallas by October. Chief Judge Barbara Lynn has approved the timeline. InvestmentNews (6/27), ThinkAdvisor (6/27)
Technology increasingly lets advisers meet clients in a virtual environment, writes Lex Sokolin, chief operating officer of Vanare. "Virtual reality will allow the advisor to literally take a client on a journey through a simulated financial model, made understandable and empathetic by triggered simulations," he writes. ThinkAdvisor
Many organizations that distribute fixed-indexed annuities to independent insurance agents are seriously considering forming their own broker-dealers to overcome obstacles created by the Labor Department's fiduciary rule. One company, Annexus, is already pressing ahead with plans to get its broker-dealer up and running before the rule fully goes into effect…
During the first quarter, assets of target-date mutual funds and 401(k) plans increased to record highs, the Investment Company Institute said. Overall retirement assets, including annuities, as well as government and private defined-benefit and defined-contribution plans, rose to $24.1 trillion in Q1 from $24 trillion in Q4. Pensions & Investments…
Big US banks have taken their time figuring out how to deal with robo-advisers, but they're starting to respond. Some Wall Street banks are rolling out online advisory services, while others are acquiring them or augmenting existing internet platforms. CNBC
Prudential Financial says retirement-plan sponsors as well as advisers, brokers and insurers could enhance the use and acceptance of annuities by employees in defined-contribution plans if they better promoted the products. In a report, Prudential suggests using automatic enrollment and escalation combined with guaranteed lifetime income options and talking about…
Small-business owners planning to exit their businesses for retirement or other reasons may be in for a rude awakening. New research conducted by Securian Financial Group shows that the vast majority of small-business owners are unprepared for exiting their businesses. The financial ramifications, especially for business owners counting on their…
An AssetMark study found that no particular personality style is most common among the highest-performing financial advisory firms. The study did find, however, that firms' hiring of staff and working with clients can benefit from use of the Dominance, Influence, Steadiness and Compliance, or DISC, tool to evaluate behavioral styles….
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
