The number of people using robo-advisers could nearly quadruple by 2019, while the number of robo-advisory firms is likely to drop, says Chip Roame of Tiburon Strategic Advisors. That scenario will present opportunities for discount brokerages and mutual fund companies, Roame says. InsuranceNewsNet online (6/28)
Wall Street analysts are increasingly convinced that the volatility that followed the UK vote to pull out of the EU has taken a rate hike off the table at the Federal Reserve. The central bank could cut rates, although taking them into negative territory is unlikely, analysts say. Fortune (6/27), …
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…
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
The 2016 Northwestern Mutual Planning & Progress Study has found that most people are dealing with financial stress, and 36% of respondents say the anxiety is intensifying. More than half of respondents call unexpected expenses a top concern. BenefitsPro.com (6/14)
Financial advisers who find their differentiators can reach a new level in their careers, Matt Oechsli writes. Differentiators include specializing in a niche or demographic, having specific industry credentials, serving a specific geographic area and offering a unique cost structure, Oechsli writes. WealthManagement.com (U.S.)
There is no chance the Federal Reserve will resume rate increases at its June policy meeting, and the odds of a July increase are fading, say economists after May's statistics revealed a sharp decline in hiring. Fed Governor Lael Brainard said in the speech Friday that the central bank should…
A survey by Northwestern Mutual finds most people believe they could outlive their savings in retirement, with 34% of respondents saying there is a 51% chance this will happen to them. Some 44% of respondents said they had taken no action to improve their ability to avoid outliving their nest…
"On May 24 nearly 800 NAIFA members visited their representatives and senators in Washington, D.C., to deliver NAIFA's advocacy message with a powerful, unified voice as part of NAIFA's Congressional Conference. Because of our members' commitment, we made a difference," writes NAIFA CEO Kevin Mayeux. Read more at the Advisor…
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