New investment-focused variable annuity from Nationwide
Nationwide posted $2.76 billion in variable annuity sales in the first six months of this year, for a 4% market share. The Columbus, OH-based firm ranked eleventh in total annuities sold (fixed and...
View ArticleSince 1967, income has shifted upward: U.S. Census Bureau
Households where a married couple is present have the highest median income, at more than $80,000. Non-family households led by a female have the lowest median income, at less than $27,000.
View ArticleRobo-advisors should shift to B2B model: Cerulli
"Cerulli projects eRIAs will need to grow approximately 50%-60% per year for the next six years and gather approximately $35 billion in AUM to remain a standalone direct channel for consumer...
View ArticleFlows to bond ETFs increased in September: TrimTabs
The rush into bonds has not occurred in response to strong absolute performance, TrimTabs said. Treasury bond ETFs are down 0.4% since the start of August, while corporate bond ETFs are down 0.7%.
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleSocial Security Maximizer
The Social Security Maximizer is an integral tool for a retirement planner's comprehensive financial planning calculations.
View ArticleThe People’s Retirement Industry Group
To mark the Retirement Income Industry Association’s 10th anniversary, RIIA founder and chairman Francois Gadenne (above) spoke with RIJ recently about the group’s past, present and future.
View ArticleGM Adds Hueler's Income Solutions to its DC Plan
GM closed its defined benefit plan in 2012. Its 401(k) provider is Fidelity. To offer its DC plan participants an option to roll over part of their savings to an income annuity at retirement, it chose...
View ArticleHow to Personalize Withdrawal Rates
Safe spending rates range from 2% to 10%, writes researcher Luke Delorme in the Journal of Financial Planning. It all depends on when people retire, how much guaranteed income they have, whether they...
View ArticleWill the 'BIC' Affect QLAC Sales?
We're talking about the DOL's proposed Best Interest Contract exemption and sales of Qualified Longevity Annuity Contracts. "Most firms will just pass on this uncertainty and risk," said Caleb...
View ArticleThe DOL’s Missed Opportunity
By proposing a solution that could disrupt the distribution of financial products and deny broker-dealers a major source of revenue, the DOL guaranteed resistance. Instead, it might have required IRA...
View ArticleA Conservative Retirement Portfolio in 3 Buckets
The Director of Personal Finance and senior columnist at Morningstar offers a three-bucket strategy for retirees who want to draw income from a diversified portfolio over a 15-year time horizon. The...
View ArticleAssets of Money Market Institute firms rise to $4.2 trillion
The "representative as portfolio manager" continues to be the fastest-growing model within the wealth management industry, according to a new report from the Money Market Institute.
View ArticleRetirement conferences this fall
Here's a list of fall 2015 and winter 2016 conferences that might interest you, starting with the Financial Planning Association's annual conference in Boston this weekend.
View ArticleMega-deals missing from first-half life/annuity M&A: A.M. Best
Over 40% of all deals were cross-border M&As, as companies go international in search of growth. A.M. Best believes private capital, whether buying or selling, will continue to play an active role...
View ArticleVanguard and T. Rowe Price launch international funds
New low-cost Vanguard index funds look for dividend-paying stocks overseas, while an actively-managed T. Rowe Price fund searches for undervalued financial, telecommunications and consumer...
View ArticleThe Bucket
Brief or late-breaking news from Allianz Life, American Funds/Capital Group, Pershing, 3D Asset Management, Morningstar Investment Services, and Wilshire Associates.
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleSocial Security Maximizer
The Social Security Maximizer is an integral tool for a retirement planner's comprehensive financial planning calculations.
View ArticleGM Adds Hueler's Income Solutions to its DC Plan
GM closed its defined benefit plan in 2012. Its 401(k) provider is Fidelity. To offer its DC plan participants an option to roll over part of their savings to an income annuity at retirement, it chose...
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