A number of advisers offer their opinions on what it takes to be an outstanding retirement planner. Making the distinction between retirement planning and asset planning, accepting the responsibility it entails, starting the retirement discussion with clients early and staying in touch once a plan is in place are among…
Sales of variable annuities fell 21% last year, but they could recover when uncertainty over the requirements of the Labor Department's fiduciary rule is resolved, said Dennis Glass, president and CEO of Lincoln Financial. Companies that distribute variable annuities are "waiting for certainty so they can formalize what their practices…
The Federal Reserve didn't change its key interest rate Wednesday. In a statement after the two-day meeting, the rate-setting committee downplayed setbacks in economic growth and hiring, possibly signaling it is leaving the door open for a rate hike in June. USA Today (5/3)
More than 100 House Republicans have sent a letter to newly confirmed Labor Secretary R. Alexander Acosta, calling on him to extend a delay of the fiduciary rule. They say the rule restricts the ability of small and midsize investors to obtain professional financial help. ABA Banking Journal online
There are numerous occasions when financial advisers and estate planners could benefit from working together, lawyer Rashad Wareh said recently at a conference, but the onus is on advisers to reach out because they interact with clients most. He outlines six scenarios in which advisers should call on estate planners….
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