The 10 cities where retirees receive the highest income
Retiree income in the U.S. lags far behind the national median for household earnings, but these top cities are bucking the trend, according to a new SmartAsset study.
RIAs
Fidelity to hire 4,000 financial planners, tech and service employees
The company has experienced “dramatic increases” in new customers, call and trading volumes.
Benefits Think Advisors’ worst career mistakes: What I’ve seen in 35 years as a recruiter
Arrogance, naiveté and that chief suspect, procrastination, can all undermine best laid advancement plans, writes recruiter Mark Elzweig.
Mark Elzweig
Mark Elzweig Co.
Podcast Access Denied: Representation
The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem.
ERISA savings plans: A cautionary tale for clients
If the court ends up making this choice, intended family members may lose out — all for want of filling out a one-page form.
RBC lands $600M UBS team through first all-virtual recruiting
“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.
By
Ann Marsh
100+ canceled internships threaten planning careers, industry talent pipeline
XY Planning Network says about 250 students and 50 firms have responded to a new virtual internship program it launched to fill the gap.
By
Ann Marsh
In opening salvo to new sector, benefits firm buys $45B hybrid RIA
OneDigital’s acquisition of Resources Investment Advisors shows a convergence between two major spaces within financial services.
‘This can be done. Go do it.’: XYPN hires 2, hits 56% women on leadership
The takeaway for other firms: Be explicit, clear and public about seeking women employees and creating a safe workplace for them.
By
Ann Marsh
Benefits Think Everyday tech — even printers — needs cybersecurity protection
Best-in-class IT management and cybersecurity protection means RIAs must also focus on their base layer — the tech stack.
Wes Stillman
RightSize Solutions
Divorcing clients? Here’s how to split an IRA
This rise of the so-called grey divorce has created a number of uncommon and complex issues for retirement accounts.
Benefits Think From 401(k)s to stretch IRAs, what the Secure Act means for clients
This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.
Dan Collins
Commonwealth Financial Network
Advisers struggle with student loan debt, too. Here’s how one firm is helping
An incentive program allows employees to receive as much as $7,200 over three years.
Should my wife file for Social Security retirement benefits now or delay till 70?
A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.
Benefits Think Hiring can be a bigger cost than payroll if not done right
Training programs may seem expensive, but they cost just pennies compared to the expense of losing talent and hiring replacements.
Kelli Cruz
Cruz Consulting Group
Benefits Think Fiduciary investment advisers can add more than 6% in value
The difference in returns is huge for investors working with a fiduciary.
Robert C. Lawton
Lawton Retirement Plan Consultants
Young advisors want this benefit, but are RIAs ready to offer it?
“The industry has not done any favors to young advisors,” says independent advisor Douglas Boneparth.
A number to avoid when discussing healthcare costs with clients
Advisors should frame health care costs as an annual expense rather than a lump sum, which is demotivating for investors, according to Vanguard.
Confused by the SEC’s proposed advice rule? Your questions answered
The regulator's proposal is set to remake compliance standards for brokers and advisors.
