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News, trends and helpful peer advice for financial advisors.

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February 3, 2025
Illustration showing a financial advisor meeting with a wealthy client in a expensive NY financial building overlooking the skyline. Most-affluent-investors-prefer-a-single-financial-services-provider.

Study: Do most affluent investors prefer a single financial services provider?

When it comes to affluent investors, do they prefer having multiple specialists or a single financial services provider?

February 3, 2025

Why haven’t some friends asked to become clients?

Nine reasons why your friends may be reluctant to do business with you.

February 1, 2025

Is a Roth IRA conversion key to strategic tax planning?

Many clients will benefit from a Roth IRA conversion, but there are several considerations to keep in mind.

January 31, 2025
Image shows money with the word, "Reinsurance" over top
Regulators are trying to produce an offshore reinsurance guideline.

Regulator group aims for reinsurance asset testing guideline by June

The Life Actuarial Task Force exposed a new version Thursday of its proposal for tougher asset adequacy testing on offshore reinsurance deals.

Bessent confirmed as Treasury secretary Former hedge fund guru to oversee Trump's tax cuts, deregulation and trade changes

January 29, 2025

The U.S. Senate confirmed Scott Bessent as the next secretary of the Treasury, becoming the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing. Trump's first Treasury chief, Steven Mnuchin, garnered a single Democratic vote in his 2017 confirmation. He will be the first openly gay…

January 28, 2025
Image of a hospital room with the Jackson National logo superimposed over the scene. Jackson-National-study-vast-underestimate-of-health-care-LTC-costs-for-retirement.

Jackson National study: vast underestimate of health care, LTC costs for retirement

A recent study by Jackson National has found a vast underestimate by retirees and financial professionals of various retirement costs.

EDITORIAL: Home insurance, tax increases harm county’s housing options

January 26, 2025

Carteret County homeowners need to prepare for sticker shock as they assess the anticipated rising cost of insurance and taxes that will begin in March with the arrival of new property valuations and again in June as new insurance rates become effective. Last week Carteret County homeowners received a warning for yet another financial hit with the…

Nationwide Financial Services President John Carter to retire at year end

January 22, 2025

After a 40-year career in the financial services industry, John Carter, President and COO of Nationwide Financial, announced his plans to retire from Nationwide at the end of this year. 

January 22, 2025
Image shows an AI scene
Regulators are warning about artificial intelligence in finance.

FINRA, FBI warn about generative AI and finances

The Financial Industry Regulatory Authority, a private corporation also known as FINRA, goes further: You need to protect your investment accounts from "generative artificial intelligence" or Gen AI. FINRA oversees member broker-dealers who do business in the U.S.. "Gen AI is making it easier for bad actors to fraudulently open new accounts using investors'…

January 21, 2025
Image shows a baby and money
Gen Beta babies will face a different retirement than their parents, a new study finds.

Prudential study: Babies born today will likely need nearly $2M to retire

Generation Beta is the proposed name for the demographic beginning with 2025 and ending in 2039. This generation should start saving for retirement now, Prudential finds in a new study.

January 20, 2025
Photo illustration of a figure jumping for joy against the background of a city financial district, with the logo of Morningstar overlapping. Economy-performing-better-than-expected-Morningstar-says.

Economy performing better than expected, Morningstar says

The U.S. economy is heading for a soft landing, with some slowing expected midyear and rebounding at the end of 2025.

Advisors have more optimism post-election

January 20, 2025

Registered investment advisors have an improved outlook and increased optimism following the U.S. election, according to the latest RIA Economic Outlook Index from Security Benefit in partnership with Greenwald Research.

January 20, 2025

How to get people to share personal information

You can learn a lot about people without seeming intrusive.  Simply ask the right questions!

January 17, 2025
Scott-Bessent-CEO-and-CIO-of-hedge-fund-Key-Square-Group. Trump's pick for Treasury secretary says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.
President-elect Trump's pick for Treasury secretary, Scott Bessent, CEO and CIO of hedge-fund Key Square Group.

Trump pick for Treasury: extending tax cuts the ‘most important’ issue

Trump’s pick for Treasury secretary, Scott Bessent, says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.

Treasury Secretary nominee Scott Bessent says Trump tax cuts should not expire

January 17, 2025

WASHINGTON- The Senate Finance Committee grilled President-elect Donald Trump's choice for Treasury Secretary Thursday. Scott Bessent, a South Carolina billionaire hedge fund manager, wasted no time getting to the crux of his confirmation hearing: the expiring Trump tax cuts. Democrats also questioned Bessent about Trump's tariff threats against Canada,…

January 16, 2025
Illustration showing a glittering gold number 5 against a festive background. Five-retirement-industry-trends-2025

Five retirement-industry trends to watch in 2025

An IRIC report forecasts the evolution of defined contribution plans in 2025 to improve support of workers’ long-term financial security.

U.S. military veteran workers report higher levels of financial well-being

January 15, 2025

A new report from the 2024 Workplace Wellness Survey published today by the Employee Benefit Research Institute and Greenwald Research finds U.S. military veterans reporting higher levels of financial, social, emotional and workplace well-being than their non-veteran counterparts.

January 15, 2025
Image shows the word, "Inflation"
Controlling inflation remains a difficult goal.

US inflation picked up in December, though underlying price pressures ease

Wednesday’ s report from the Labor Department showed that the consumer price index rose 2.9% in December from a year ago, the highest since July, up from 2.7% in November. The slowdown in core price increases was greeted with relief on Wall Street, with Dow Jones futures pricing surging nearly 700 points on the report's release. Such concerns have sent interest…

Majority of Americans anticipate improved economy in 2025

January 14, 2025

Americans are more optimistic about the economy than they have been in years even as the effects of inflation linger, according to the 2024 Q4 Quarterly Market Perceptions Study from Allianz Life.

January 9, 2025
Image showing the U.S. Capitol Building in the background, with a financial advisor seated in the foreground. Social-Security-Fairness-Act-increases-need-for-financial-advice,
Social Security Fairness Act increases need for financial advice.

Social Security Fairness Act increases need for financial advice

The Social Security Fairness Act repeals two provisions that reduce or eliminate Social Security benefits for public sector workers.

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