Fidelity Investments' 2016 Millennial Money Study shows mutual funds are the favored investment of the 60% of the group with retirement accounts. When investing in mutual funds, millennials need to consider their investment time frame, maximize tax efficiency, evaluate fees and focus on the long term, experts say. U.S. News…
Advisors should explain to clients that zero risk is nonexistent in investment, writes Carl Richards, director of investor education at the BAM Alliance. "No matter the choice, people are just trading off one risk for a different risk," Richards writes. InvestmentNews (9/9)
Networking gives professionals a chance to learn how other people operate and to gain perspective about their career experience, making it "similar to benchmarking," writes Brian Murphy of Willis Towers Watson. Employee Benefit Adviser (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
Women need encouragement to become advisers, experts say Financial-advisory firms still face difficulty in making the profession appeal to women, many of whom hold misconceptions about what the profession is all about, experts say. “A lot of women think it’s so math-related that you have to practically be a scientist…
Partnership offers tools to serve growing Hispanic market A new partnership between NAIFA and the California-based Glenn Llopis Group will give NAIFA members access to cutting-edge tools and resources to help them reach the largest growing minority in the U.S.: the Hispanic community. Learn more.
Robo-adviser industry is growing but still small, experts say Assets managed by robo-advisers more than doubled last year to total $4 billion, Aite Group says. Experts say financial advisers can compete with lower-fee robo-advisers by demonstrating their value. CNBC (3/2)
NAIFA President McNeely among growing ranks of female insurance leaders Juli McNeely, the first woman to serve as president of NAIFA, is among a growing group of female leaders in the insurance and financial industry, Linda Koco writes. Women tend to have relationship-building skills that can benefit the industry as…
Retiring advisers are a big issue for clients As advisers age, more are retiring and handing their practices to the next generation. For some clients, “the change could come just when they need that person the most: to help them financially manage their own retirement,” writes Paul Sullivan. The New…
McNeely: Financial planning must adapt to shifting family dynamics “Blended” families, same-sex couples and other types of families show how dynamics are changing and highlight the need for advisers to find ways to serve clients beyond the “typical” American family, writes NAIFA President Juli McNeely. “A book or website simply…
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