In Practice

In the wake of the DOL rulemaking, a financial advisory firm acts at its peril if it overlooks the prudent investor rule, a new research paper says.

But the outlook for both sexes isn’t good.

Nearly seven out of 10 are not working with a financial adviser.

Financial advisers of the future will have to cope with serving a workforce that is much more mobile and does not necessarily spend much time tethered to a...

Data covering the savings behavior of tens of millions of Americans shows continued commitment for saving through defined contribution plans. 

Eighty-five percent of investment professionals expect budgets to increase.

 

Interviews with nearly 1,000 independent advisers who custody assets at Schwab show significant optimism about growth opportunities for registered investment advisers. 

Health care expenses weigh heavily on retirees.

A majority would go into debt to fund their child’s college education.

Nearly three-quarters think the market volatility will settle down by year’s end.

New survey again confirms all-automated advisers can’t compete with humans.

Thirty-eight percent know how much they’ll need, and 40% have decided the age when they’ll retire.

But fewer than one in four part-time workers have access to such a plan.

Until 401(k) plan sponsors are more comfortable offering in-plan retirement income products, the industry must find solutions to deliver nuanced advice around retirement income to low-balance investors, Cerulli...

Protecting assets and saving for retirement are also key goals.

Forty percent plan to switch career fields when they reach the traditional retirement age.

The average age they plan to start taking the benefits is 64.

Significantly more plan sponsors intend to take action in the form of negotiating for lower fees or lower-fee share classes, eliminating revenue-sharing arrangements, or consolidating the plan investment...

Changing how information is presented to participants can improve their behavior, Bank of America Merrill Lynch finds.

Could Google one day be a top provider of investments or financial advice? What about Facebook, or Amazon?