In Practice

The third “Women of Wealth” report finds advisers miss the mark in how they service these clients.

Two-thirds of military members who work with an adviser are confident they will be able to retire comfortably.

A survey shows a significant jump in retirement plan participants’ perception of the helpfulness of provider resources for retirement planning, investing and saving.

They now comprise 28% of all defined benefit plans.

Nonetheless, they are diversifying clients’ portfolios.

They also want personal guidance during enrollment.

401(k) participants invested in equity mutual funds pay less than half the amount of expenses for a retail investor.

There has been an 8% drop in TPA satisfaction with the work of retirement service provider partners since 2014.

Only 19% have increased their contributions in the past year.

The majority are open to automatic enrollment and escalation.

Even for the rich, working with an adviser to develop a written plan boosts retirement confidence, LIMRA study finds.

Seventy percent of advisers are focusing on this age group.

Deloitte sees this model gaining significant traction in coming years.

Cerulli says the advantages of hiring internal research analysts and investment officers are clear. 

For 80% of Americans, they will rely on Social Security substantially or somewhat.

Since 2014, RIAs have added 31,157 non-clerical jobs, a 4.3% increase.

Among the challenges cited by employers were increased health care benefits costs.

The median savings rate for non-highly compensated employees increases to 5.9%.

Many workers in the U.S. lack confidence in Social Security, yet more than half have done nothing to address personal longevity risk.

More than nine out of 10 investors say advisers are helping them reach their financial goals.