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Brookstone And FormulaFolios Merge To Create $6.5B RIA Giant

July 8, 2020

This merger positions the firm as a leading provider of advisory services to its targeted niche of retirement advisors. The combined company will retain the Brookstone name, executives said in a news release, and will reflect the best that each firm has to offer, including exclusive and expansive state-of-the-art technologies.

July 8, 2020

Advisors Challenged By Social Distancing, Study Reveals

Remote work has been a challenge for advisors trying to serve clients during the COVID-19 pandemic, a recent study revealed. More specifically, nine out of 10 advisors said that not being able to meet with clients in person has had the biggest impact to their business while social distancing measures are in effect.

Prudential Tips ‘First Domino’ By Suspending GUL Product: Analyst

July 7, 2020

Prudential Financial is pulling a popular guaranteed universal life product from the market and one industry analyst expects many more products to join it on the sidelines. The problem is ultra-low interest rates make it difficult to support guaranteed universal life designs.

July 7, 2020

2020 Election Preview: Plenty At Stake For Markets And Economy

Although all election years feel different, 2020 no doubt may be one of the most unique election years ever. We have a pandemic, a deep recession, extremely heightened partisanship, a mail-in ballot controversy, an unpredictable president, and the oldest presidential candidate ever.

Q&A: The Nuts And Bolts Of The Paycheck Protection Program

July 6, 2020

—Small businesses can still get help from the government’ s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8. The PPP is part of a $2 trillion coronavirus aid package passed by Congress in March. On Monday, the Small Business Administration, which oversees the program, disclosed the names of companies that received…

July 6, 2020

Michigan Judge Sides With Insurer In COVID-19 Lawsuit

Circuit Court Judge Joyce Draganchuk granted the insurer’s motion for summary disposition in Gavrilides Management Company v. Michigan Insurance Company. Gavrilides owns restaurants in Lansing, Mich. that were shuttered by COVID-19-related government orders.

Adapting Our Approach To Prospecting Business Owners

July 3, 2020

Though businesses have been hard hit by COVID-19 and the ensuing global recession, business owners still need financial services and advice just as much as – if not more than – they did before the crisis. This diverse group can bring a variety of engaging work for financial advisors, but also requires specialized financial skills.

July 2, 2020

Allianz Study Finds A Conversation Gap In Retirement Planning

People who aren’t yet retired are worried about running out of money after they do retire. But they aren’t communicating that fear to their financial advisors, an Allianz Life study revealed. 

July 2, 2020

Few Employers Thinking Of Dropping Coverage, EBRI Says

Employers are in crisis management mode and facing uncertainty as the COVID-19 pandemic has led to record high numbers of jobless as well as concerns over business reopening. At a time like this, it’s easy to wonder whether employers will quit offering health benefits to their workers.

Lawmakers Rebuke Regulators On Rate Review Technology

July 1, 2020

A National Council of Insurance Legislators resolution today revealed a rift with state insurance commissioners that threatens efforts to address systemic racism in insurance. NCOIL members say they just want to keep lawmaking decisions in the hands of lawmakers.

July 1, 2020

Is Your Practice More Like Blockbuster Or Like Netflix?

How are you adapting your business and systems to deliver an extraordinary client experience in the new business reality? Clients are scared and looking for a lot from their financial advisor.

July 1, 2020

How COVID-19 Is Making Employers More Receptive To Benefits

A new LIMRA survey find companies have growing interest in modifying their benefits packages, enrollment strategies and their relationships with their carriers. About 25% of employers say COVID-19 has made them more interested in making changes to their insurance benefit programs within the next 18 months.

July 1, 2020

Annuities Begin To Even Out After A Wild Springtime Ride

After a wild month of changes, there are signs that some annuity carriers may be ready to bring some products back to market.

July 1, 2020

Hiring To Bridge The Generation Gap

The right strategy to bring young advisors into your firm and help them become successful.

July 1, 2020

Hall of Fame, Fall of Shame

The COVID-19 pandemic is giving agents, advisors and management teams a chance to educate young athletes on the perilous nature of their careers and their finances.

July 1, 2020

Key Regulations Come Into Focus

The need for more realistic IUL illustrations might mean amendments to Actuarial Guideline 49 are in the near future.

July 1, 2020

Save Your Skin In 3 Easy Steps

Summer is a time for outdoor fun, but your skin can pay the price.

July 1, 2020

Creating And Sustaining A Complementary Team

A well-balanced team creates an effective business, and continued success depends on the growth of each individual employee.

July 1, 2020

Small Town, Big Practice

Brian Heckert and his children prove you can have a national footprint no matter where you are.

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