Products June 1, 2010

MetLife Offers Financial Planning Tips for LGBT Boomers

The MetLife Mature Market Institute is offering free planning tips for lesbian, gay, bisexual, and transgender (LGBT) Baby Boomers.
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“Planning Tips for LGBT Individuals and Couples,” follows up on MetLife’s recent research called “Still Out, Still Aging: The MetLife Study of Lesbian, Gay, Bisexual, and Transgender Baby Boomers” (see “LGBT Boomers Cite Additional Retirement Fears”). Compiled with SAGE (Services and Advocacy for Gay, Lesbian, Bisexual & Transgender Elders), the publication offers guidance and advice to LGBT Boomers in the areas of legacy planning, employee benefits, health care, financial, and retirement planning, MetLife said.

The MetLife Mature Market Institute said its tips focus on key areas that require attention to assure that one’s heirs receive what is intended and that people’s wishes regarding health care decisions are honored. For individuals, the tips aim to help one enjoy financial security and employee benefits during working years and in retirement.

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The financial and retirement planning section covers life insurance, long-term care insurance, disability income insurance, the various types of IRAs and annuities, bank account management, 529 plans and education savings accounts (ESAs).

“Beyond marriage and partnership issues, LGBT individuals need to consider many other important directives that are tremendously important in order to assure that their heirs receive the legacy intended, that their wishes regarding health care decisions are honored and that those they care about enjoy financial security,” said Michael Adams, executive director of SAGE, in a news release. “This kind of information, especially when combined with the help of a qualified health care professional, attorney or financial planner, is critically important so that each of us can make the decisions that make sense for our individual situations.”

Products June 1, 2010

linkedFA Links Up with LiveOffice for Social Media Compliance Solution

linkedFA, a social networking service for financial professionals, has partnered with LiveOffice to enable preapproval and archiving of social media posts and RSS feeds.
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The partnership integrates financial adviser’s social media activity through linkedFA into LiveOffice AdvisorMail, a cloud-based archiving and compliance system for the financial services industry. Compliance departments will be able to pre-review social media content in this integrated system.

Furthermore, the system captures all communication through the existing workflow of AdvisorMail, as required by the Financial Industry Regulatory Authority (FINRA).  

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“In particular, independent broker/dealers and registered investment advisers are struggling with the unique challenges of harnessing social media as a business tool, while at the same time meeting FINRA’s new guidelines,” said LiveOffice’s COO Matt Smith, in a news release. “This strategic alliance provides the first truly holistic approach to social media compliance by balancing financial professionals’ communications needs with regulatory guidelines, while adhering to existing compliance workflows and processes.”

linkedFA, which launched earlier this year, said it is the first social networking site compliant with the Financial Industry Regulatory Authority (FINRA) (see “Social Networking Site for Advisers Says It’s FINRA-Compliant” and “Advisers Meet Compliance’s Hurdles to Using Social Media”). The site also recently announced a partnership with NASDAQ to add resources on its site (see “linkedFA Teams Up with NASDAQ to Add Adviser Resources”).

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