Kalita Blessing earned her Chartered Advisor in Philanthropy designation in 2012. Since then, she has made philanthropy the focus of her practice, which has helped her stand out in the advice industry. WealthManagement.com (U.S.) (10/29)
A paper from Fiduciary Trust Co. offers some advice for financial advisers to better serve clients who have been diagnosed with Alzheimer’s or similar conditions. The first step is for family members and advisers to recognize the disease. ThinkAdvisor (10/22)
The Labor Department’s recently released Field Assistance Bulletin sought to resolve concerns by defined contribution plan sponsors about their fiduciary duties when making annuities available. The agency is also considering some changes to a safe harbor rule that it adopted in 2008. Plan Adviser magazine (September
Two advisers examine Nicole and Mike Zupans’ finances, including saving for retirement and their daughter’s education and their autistic son’s care. The Washington Post (tiered subscription model) (10/23)
Some common ideas about indexed universal life insurance are untrue, including that return-rate illustrations paint an overly rosy picture, that fees are too costly and that minimum-interest-rate guarantees are misleading, David McKnight writes. National Underwriter Life & Health (10/23)
Cold prospecting on LinkedIn can be effective, but it requires the right approach, write Stephen Boswell and Kevin Nichols. A good strategy is to use commonality to get a connection, establish rapport by natural brand expression and seek to close via a phone conversation, they write. WealthManagement.com (U.S.) (10/22)
Advisers who want to change firms should do so for the right reasons, such as better opportunities, and not because of turmoil in the financial markets, consultant Mindy Diamond writes. WealthManagement.com (U.S.)
The Securities and Exchange Commission is taking a close look at advisers who have obtained from clients usernames and passwords for online accounts that aren’t under the adviser’s management. Advisers who don’t claim custody of the accounts must convince the SEC that they can’t take distributions from them, says Kevin…
Mutual fund distributions could fall below last year’s total thanks to the summer market pullback, Paul Katzeff writes. Investor’s Business Daily (10/21)
Americans 60 and older have substantially lower median retirement savings compared with people ages 55 to 59, the 2015 Wells Fargo Retirement Study says. Many Americans are forgoing retirement investing with an eye toward working longer, the survey says, but nearly half of retirees in the survey said they stopped…
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