Tag: Wealth Management

Disclosure not the only issue with 401(k) fees

The rules surrounding plan partial terminations after workforce reduction

How advisers can measure client satisfaction and why they should

Corporate retirement services and wealth management are not a winning proposition

Advisers move away from specialization

A survey published last month by Fidelity noted that workers cited health insurance, retirement savings plan matching contributions, and dental insurance as the three most important benefits, with health insurance ranking first.

Pension fund sues UBS

More than half (57%) of wealth management clients are not advocates of their advisory firms, and over 40% do not consider their firm a "trusted adviser" to help them meet their financial goals.

Investors with advisers show more confidence

Less than 12% of affluent investors responding are loyal to their advisers, according to a survey from Janus Labs, in partnership with private wealth industry expert Russ Alan Prince.

Micro plans offer good plan designs, but have room for improvement

Almost all (91%) financial planner CPAs surveyed by the American Institute of Certified Public Accountants (AICPA) cited retirement as a top personal finance concern of clients.

More than three-quarters (85%) of participants in 401(k) and other defined contribution plans say they would use general retirement planning services if available.

The main reasons millionaires turn to financial advisers are to get a recommendation from a trusted person, to reach a certain level of wealth, and to start planning for retirement.

By the end of 2010, UBS, the world's largest money manager, plans to have $250 billion in ultra-high net worth client assets under management, and about 400 advisers serving those clients.

A survey conducted for Putnam Investments found 15 million workers age 45 or over are providing financial support for an aging parent or adult child, and that is altering their retirement plans.