Truist completed on April 3 selling for $1.95 billion a 20% stake in Truist Insurance Holdings Inc. to funds managed by Stone Point Capital. Truist Insurance Holdings is the sixth-largest U.S. insurance brokerage with more than 250 offices nationwide and more than 9,000 employees, or 17.1% of Truist's overall workforce of 52,564 as of June 30.
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–There are currently 28,420 centi-millionaires in the world, more than double the number 20 years ago, and an increase of 12% compared to this time last year, according to the 2023 Centi-Millionaire Report released today by wealth and investment migration advisors Henley& Partners and featuring exclusive data from global wealth intelligence firm New World…
Helping clients whose families are in the world’s crisis regions
When a crisis hits in some area of the world, clients can depend on advisors who have the resources to support them.
Wedding costs a worry for couples’ financial well-being
The vast majority of engaged couples surveyed fear their wedding costs may adversely impact their financial well-being.
Brad Rhodes: Dodging the pitfalls— navigating retirement's risky terrain. Published 12:00 am Sunday, October 8, 2023. Retirement, often painted as the serene, golden phase of life, is not without its challenges.
There's a personal debt crisis coming. I see it in the posts on the "Ask Terry" section of my website, TerrySavage.com. Americans are now carrying more than $1 trillion in credit-card debt— a new record.
The Financial Planning Association announced it is introducing a national membership program to the more than 8,000 financial advisors affiliated with Ameriprise Financial in the firm’s independent channel.
A Nebraska judge has sentenced a Florida man to six years in prison for his role marketing a $55 million internet fraud that conned more than 10,000 people. At his sentencing Monday in U.S. District Court in Lincoln, Donna Pepper, whose 86- year-old father fell victim to the scam, asked the judge to send a strong message to Glaspie and future scammers that this type…
There's a personal debt crisis coming. I see it in the posts on the "Ask Terry" section of my website, TerrySavage.com. Americans are now carrying more than $1 trillion in credit-card debt— a new record.
Social Security benefits are increasing too rapidly. Before 1972, adjusting Social Security benefits required an act of Congress because they weren't tied to any economic measure. When inflation occurred, it would erode the purchasing power of benefits until Congress acted.
Preparation key for Sandwich Generation’s retirement readiness
The Sandwich Generation is divided on their retirement readiness, an Athene study found.
The Federal Reserve has moved interest rates sharply higher since early 2022, and rates may stay higher. There's talk of $100- a-barrel crude and $5- a-gallon U.S. gas prices. The United Auto Workers have struck the major U.S. auto producers with no end of the battle in sight.
If you or a loved one can no longer live safely at home, assisted living may be the answer. Most people pay for assisted living out-of-pocket if they don’ t have long-term care insurance, says Amy Goyer, AARP’ s national family and caregiving expert. Nationwide, the cost of assisted living facilities averaged $4,500 a month in 2021, according to the latest figures…
Fiduciary institute ads take stance against broker dealers
Institute for the Fiduciary Standard kicks off ad campaign aimed at highlighting differences between RIAs and broker dealers.
How female advisors can help clients navigate uncertain times
Female advisors understand the importance of adapting their strategies to meet the changing needs of female clients.
When clients seek Social Security advice
Clients find Social Security confusing. Here are some case studies that can help them make the best decisions on maximizing benefits.
The Federal Reserve's policy-setting meeting in late September brought the expected news on interest rates: no change for now, but a possible increase before 2024 as the Fed feels its way toward the vaunted "soft landing" that cools inflation without driving the economy into recession. But before making any further decisions on rates, the Fed should consider…
Advisors must help clients plan for rising health care costs in retirement
While government spending on Medicare has been stable, the program’s beneficiaries continue to see their out-of-pocket health care costs increase – and those costs will keep going up.
Report examines pros, cons of direct indexing
Recent research sheds new light on individual-investor reactions to direct indexing in order to inform product and innovation strategies.
Employees ages 45+ with student loan debt have or are considering taking several steps to manage upcoming repayments — with some being more detrimental to their long-term financial strategy than others.
