A new report claims that many US households will decide to consolidate their assets with a single adviser in order to better address the challenges they face in retirement income planning and asset decumulation.
If you're interested in building out your business to affluent women, consider yourself forewarned.
To help marketers more accurately target the baby boomer generation, the market research firm of Chadwick Martin Bailey (CMB), in conjunction with Arnold Worldwide, concluded a study by identifying five distinct subgroups of boomers.
Is your continuous improvement stalled at the expense of the plan participant?
Front-line experiences to help you experience the normalcy of a "normal" day
Sometimes, tracking your income can be the hardest part of serving the retirement plan market
Advertising prohibitions can snare the unwary
Retirement plan relationships are evolving from a casual give-and-take toward something more formal
Advisers share their favorite providers
Pension reforms pose opportunities, threats for advisers
Recent studies indicate that more than half of participants spend at least some of their retirement savings well before that date.
While there has been a lot of talk the past year about the need to boost participation and deferrals, we don't seem to be making much progress.
The good news is that retirees appear to be quite content with their existing adviser relationships — all the more reason for advisers to establish those connections prior to retirement, according to a new report.
More than 13.6 million employees in small, micro-businesses lack an employer-sponsored 401(k) plan today, a Fidelity news release said — a result that may well be the result of reluctance on the part of the owners of those businesses to embrace the concept.
A study released recently by Fidelity Investments says that 69% of small businesses review their 401(k) plan at least once a year and about a quarter (26%) of small business owners will look for a new 401(k) plan provider within the year.
It is almost never a good idea to waste time pursuing clients who will not be a good fit for your business, even if they do appear to represent incremental revenue. Sooner or later, they are likely to be a distraction at best from providing your best service to your key customer base.