Ayo Mseka has more than 30 years of experience reporting on the financial services industry. She formerly served as editor-in-chief of NAIFA’s Advisor Today magazine. Contact her at amseka@INNfeedback.com.
Shifting from a corporate office to a home-office environment because of social-distancing requirements brought on by the pandemic has created a few obstacles for producers trying to grow their practices.
Given the current heightened awareness of long-term care, financial advisors are having more prospects reach out to them to begin proactive conversations around what a long-term care event might mean for them and their families.
While it is often seen as a network for job hunting and recruiting workers, LinkedIn can also be an excellent tool for advisors to gain introductions and referrals from their clients.
One-quarter respondents who self-reported said that they currently own long-term care insurance (LTCI) for themselves. But according to industry data, only 15% of Americans have purchased LTCI.
Despite the COVID-19 pandemic, a survey from Thrivent found that perceptions toward extended care planning haven’t changed.
About one-third of younger participants in 401(k) plans predicted that their retirement will be delayed because of the pandemic.
Clients are satisfied with their advisory relationships, and the most significant client concerns have less to do with the level of service being provided and more to do with their own level of self-confidence about their financial future.
Employer-provided information and financial-wellness programs go a long way in helping many employees keep their financial lives on track and feel more confident about their finances, according to the 2022 TIAA Financial Wellness Survey.
With the pandemic still making it difficult for many advisors to meet frequently with prospects face-to-face, many of them are looking for methods they can use to acquire and engage clients in this COVID-19 environment.
The average per-employee cost of employer-sponsored health insurance jumped 6.3% in 2021 as employees and their families resumed care after avoiding it in 2020 due to the pandemic.
Regulators were busy in 2021 and annuity sales remained a prime target.
This year has taught financial advisors many valuable lessons—lessons that should hopefully prepare them to handle the numerous opportunities and challenges that await them in 2022.
Americans say they worried the most about the COVID-19 pandemic in 2021, but rising inflation is now seen as the biggest risk to their retirement plans.
This year, more than 6 in 10 (62%) Americans feel optimistic about the future, despite the unknown and 72% are confident they’ll be in a better financial position in 2022.
More than one-third (39%) of Americans under the age of 65 are receiving their financial advice online or from social media, according to a survey by the National Association of Personal Financial Advisors.
Small and medium-sized businesses are showing stronger current financial health and an increase in hiring despite the ongoing impacts of COVID-19.
More than 50% of small firms said they aim to offer a better benefits package than their competitors to attract and retain talent in the future.
One in five (21%) of Americans said that they are currently providing care for someone, and among them, nearly six in ten (59%) said that they have had to take on new or expanded caregiving responsibilities during the pandemic.
This has been a roller-coaster year for many advisors as they deal with the challenges of moving their practices to…
A new survey reports that a full 52% of American workers say their retirement savings are not where they need to be. A further 16% are not sure whether they’re on track.
