Advisers are using new planning models and smarter technology, including automation, so that they can offer personalized service, SEI finds.
Latino women admitted that they did not know enough about retirement planning and wanted to learn more, a study found.
Workers surveyed said help with student loan debt and more financial education would help them achieve their financial goals.
Military members using an adviser report contributing nearly double the amount to their retirement accounts on average compared with those lacking regular financial guidance.
“We expect others in the industry will take similar actions,” says Justin Owens, director, Client Strategy & Research, Russell Investments.
The Tax Cuts and Jobs Act has also increased Americans’ appetite for equities.
Devenir finds HSA assets grew to an estimated $45.2 billion, spread across some 22 million accounts, at the end of 2017; as more account owners are investing their HSA dollars, the demand for advice is clear.
During a recent webinar hosted by Broadridge on the impacts of tax reform, experts urged advisers and sponsors to push participants to save—not spend—any extra pay coming in as a result of tax reform.
However, only 8% of respondent to a ConnectYourCare survey are seeking advice about how much to contribute to a tax-advantaged health savings account.
“It is important for actuaries for all types of pension plans, including those who work with multiemployer and public-sector plans, not to reverse expectations for mortality improvement in response to the latest data,”says Eli Greenblum, chief actuary for The Segal Group.
Among those who have never exercised or sold their equity compensation or ESPP, 34% admit to being worried about selling under the wrong market conditions and 34% say they are afraid of potential tax implications of making a wrong decision.
Since 2015, investors' interest in using digital advice platforms has increased modestly, far outpacing actual adoption, according to Cerulli; for clients of both traditional advisers and robo platforms, knowing disclosure information is easily available is often felt to be more important than reviewing it in depth.
A paper from Morningstar Investment Management lays out a framework for advisers and plan sponsors to determine the qualified default investment alternative (QDIA) that is the best fit for a plan's demographics.
Another 35% would consider doing so, according to Spectrem Group
Mercer suggests key priorities for DB plan sponsors for 2018.
During a webinar called to discuss the advisory industry impacts of the Tax Cuts and Jobs Act, experts warned advisers to be ready to decline to offer tax advice during 2018—over and over again.
Organizations that have chosen to eliminate pension risk by terminating their plans can do this most effectively by working with advisers to implement an end-state strategy, Mercer suggests.
Strong stock market gains and a decrease in unemployment boost AICPA’s Personal Financial Satisfaction Index to a record high in the 24 years the trade group has been conducting this survey.
With the Affordable Care Act and other pieces of major legislation that altered financial norms a guide, one expert asks whether a mandate to require employers to provide auto-enrollment retirement plans is a good idea against the backdrop of stubborn American individualism.
It starts by determining each individual’s needs.