Money goals won’t be as big a priority for many Americans
this year, according to GOBankingRates survey of the most popular New Year’s
resolutions for 2016.
Enjoy life to the fullest, live a healthier lifestyle, lose
weight and spend more time with family and friends are among the top responses.
The only financial matters people mentioned: saving more, spending less and
paying down debt.
Of respondents who voiced a resolution, more than half (55%)
are pretty realistic about their New Year’s resolutions and plan to tackle only
one goal in 2016. Nearly a quarter of respondents (24%) are setting two to
three resolutions, and 21% aim for four or more.
The two least-popular 2016 New Year’s resolutions are those
related to finance. “Save more, spend less” is a goal for only 30% of
respondents; “pay down debt” is a focus for 27%. A significant portion of
Americans (58%) do plan to set one or both of these finance-related
resolutions.
While men chose an average of two goals each, women plan to
set an average of 2.2 of the six resolutions for 2016. Slightly more men said
they plan to get rid of debt in 2016, at 28% compared with 27% of women. About
an equal number of men and women want to live a healthier lifestyle.
Americans ages 18 to 34 are setting significantly more
resolutions than any other age group: 2.6 resolutions on average. Young Millennials
(ages 18 to 24) are the most concerned of any age group with spending more time
with loved ones, and are also the least likely to resolve to pay down debt in
2016. Millennials overall (ages 18 to 34), however, are the most
concerned with spending less and saving money.
Among the most popular resolutions:
Nearly half (46%) of respondents set “enjoy life to the
fullest” as a goal;
Two in five (41%) pledged to live a healthier lifestyle;
More than a third (40%) chose “lose weight”; and
A third (33%) want to “spend more time with
family and friends.”
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Arnerich Massena Inc. is in the process of transitioning a
portion of its participant-driven retirement plan services practice, primarily defined
contribution/participant directed retirement plans, to SageView Advisory Group. As part of this transition, two senior
investment consultants from two Arnerich Massena, Howard Biggs and Jacob
O’Shaughnessy will join SageView.
Biggs and
O’Shaughnessy will transition from Arnerich Massena to SageView by the end of
the first quarter. Between now and then, they will be meeting with clients, as
part of the normal course of business, to discuss the transition to SageView.
Biggs joins SageView
as managing director. He will continue to consult with retirement plan sponsors
to provide guidance on retirement plan governance, fiduciary risk management
and committee investment responsibilities. Biggs has more than 30 years of
retirement plan consulting experience, serving corporate, government and nonprofit
organizations nationwide. Before joining SageView, he provided specialized
retirement plan consulting services for more than 10 years at Arnerich Massena
Inc.
O’Shaughnessyalso joins SageView as managing director.
He brings 15 years of experience providing consulting services to both
corporate and government defined contribution and defined benefit plans. O’Shaughnessy
is a well-known figure in the retirement plan industry, recognized as a speaker
and moderator at national and regional conferences across the country. He also
serves on the NAGDCA Industry Committee, elected by his peers. His expertise in
the industry reflects a long-term commitment to serving retirement plan
sponsors and participants.
Tony Arnerich, chief executive officer at Arnerich
Massena, says the transition is positive for all parties. “This transition
provides us both the ability to focus on our core competencies and for Arnerich
Massena to grow and invest in the future,” he says.
Randy Long, SageView’s founder, cites Biggs and
O’Shaughnessy for their high-caliber talent. “This is a step in our long-term
plan for growth and providing the best talent and expertise to our clients,” he
says.
NEXT: Macquarie Group’s Delaware Investments names
senior vice president
Atticus Fallon has joined Macquarie Group’s Delaware Investments as senior vice president,
sub-advisory sales.
Fallon is
tasked with cultivating and deepening sub-advisory relationships with
institutional partners.
Fallon, who
has more than 15 years of sub-advisory and retirement experience in both
distribution and research, was previously executive director of J.P. Morgan
Asset Management, where he focused on key strategic sub-advisory and defined
contribution investment-only (DCIO) relationships. Before J.P. Morgan, he was
executive director and business developer in the financial institutions group
at UBS Global Asset Management. Fallon previously held roles in distribution
and research at U.S. Trust and John Hancock.
He reports to Scott Kearney, senior vice president
and head of institutional sales at Delaware Investments. Kearney cites Fallon
for his experience and industry knowledge, which he believes will have a
substantial impact on partnerships with key clients.
Fallon holds a
bachelor’s of science degree in business from the University of Vermont and a master’s
of business administration in investments from Boston University’s School of
Management.
NEXT: The Standard adds a retirement plan consultant associate in Dallas
Laura Peirson has joined The Standard as a retirement plan consultant associate for the
south sales region. She is based in The Standard’s Dallas sales office.
Peirson, who
has more than 20 years of experience in the design, servicing and
administration of corporate retirement plans, was previously a senior internal
sales consultant for Ascensus. Before joining Ascensus, Peirson was a client
service representative with The Vanguard Group.
Rita Taylor-Rodriguez, regional sales director for The
Standard’s south sales region, cites Peirson for her background in retirement
plan design and administration, as well as her recent sales and marketing
experience.
Peirson holds
a bachelor’s of science degree in physical education studies from the
University of Delaware and a master’s degree in business administration with a
global perspective from Arcadia University. She holds the accredited retirement
plan consultant (ARPC) designation from the Society of Professional
Asset-Managers and Record Keepers (SPARK).
NEXT:HUB International
Investment Services adds retirement plan specialist
Jasper
Mallard has joined HUB International
Investment Services as a retirement plan specialist in its Santa Barbara
office.
Mallard will serve the tri-county area and be responsible for advising
HUB’s current and future clients on investment and retirement services, including
401(k), 403(b) and other investment-related programs.
Before joining HUB, Mallard was an independent financial adviser and
also worked at a real estate investment firm.
“We’re looking forward to
making 2016 a great year with Jasper’s retirement planning expertise. I know
our clients will be well served,” said HUB Certified Insurance Counselor Stan Darrow.
Mallard holds a bachelor’s
degree in business administration with a concentration in finance from the
University of San Diego. He holds his FINRA Series 7 and 66 registrations and
is licensed as a California life agent, including long-term care insurance,
variable contracts and annuities.