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TD Ameritrade Reports Record Fiscal 2018 Earnings

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TD Ameritrade Holding Corporation has released results for its 2018 fiscal year. “Fiscal 2018 was a landmark year for TD Ameritrade as our powerful momentum and financial strength grew across all core metrics. We also gathered a record $92 billion in net new client assets in the midst of a major client integration, driven by record asset gathering from our…

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More regulation, changing compensation and the erosion of public trust are the top reasons many brokers/registered reps say they are considering striking out on their own via the independent channel. Nearly half of respondents to a new survey say they expect the brokerage channel to deteriorate.

A new report finds that third-quarter annuity sales totaled $51.3 billion, an 8.2 percent decline. What does it mean for the future of the industry?

Social media is a great place to start in encouraging people to discuss their coverage during Life Insurance Awareness Month.

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Women on average have saved 43 percent less for retirement than men, finds new data from Prudential Financial, Inc.. Kent Sluyter, President, Prudential Annuities. “More needs to be done to help women develop a retirement income strategy to not only put them on a parity with men, but to ensure they are financially secure,” said Kent Sluyter, president of Prudential…
The Trump administration issued new guidance helping states to move away from Affordable Care Act regulations.

Under this new policy, states will be able to pursue waivers to improve their insurance markets, increase coverage options for their residents, and ensure that people with pre-existing conditions are protected.

Oct. 20– When he visited Austin in 2013 to give a talk at the University of Texas, Kerry Emanuel, a prominent Massachusetts Institute of Technology meteorology professor, offered the audience a stark statistic. But climate scientists say the steady, above-normal rainfall– nearly 15 inches have fallen in Central Texas since Sept. 1, more than double the average for…

Oct. 22– Sarah Davis is not looking for a primary care doctor anytime soon. If I have some problem, if I just come, it’s easier because I’m still healthy, “said Davis, who was at Island Urgent Care in Kakaako, where her husband was being treated for dehydration. Almost half– 45 percent– of 18- to 29- year-olds nationwide do not have a primary care provider, according to a…

When it comes to financial stress, the number one culprit is saving for retirement, according to a new study from Lincoln Financial Group. “Saving for retirement doesn’ t have to be stressful, and it doesn’ t have to be difficult,” said Jamie Ohl, EVP, president, Retirement Plan Services, Head of Life and Annuity Operations, Lincoln Financial Group.“ It’ s all about taking…

Disaster-prone developing nations, including Bangladesh and Indonesia, are exposed to crippling losses when storms, floods or earthquakes strike because they suffer from a dangerous lack of insurance, industry experts said on Monday. Globally, assets worth about $163 billion are not insured against catastrophes, posing a “significant threat” to…

–According to a new survey from Ally Invest, the online trading and automated investing arm of Ally Financial Inc., nearly two-thirds of survey respondents say they find investing in the stock market to be scary and/or intimidating, up from 61% in a similar survey during the same period last year. In addition to these concerns around investing, most survey…

–HCI Group, Inc. has issued an initial loss estimate from Hurricane Michael, which made landfall near Mexico Beach, Florida. About HCI Group, Inc. HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners’ insurance, reinsurance, real estate and information technology. HCI Group, Inc. regularly publishes…

The Commonwealth Fund issued the following news release:. Those are among the key findings of a new survey released today by the Commonwealth Fund, the Harvard T.H. Chan School of Public Health, and the New York Times. “The goal of this survey partnership is to open a window into what it’s like for our sickest family members, friends, and neighbors,” said Commonwealth…

The United Services Automobile Association issued the following news release:. To learn more about USAA life insurance, visit usaa.com/life. This is the second rate reduction for term products by USAA in the last two years.

That figure is a 47% increase– more than 150,000 additional cars– from 2017, when hurricanes Harvey and Irma devastated the Gulf Coast and Southeast. Vehicles reported as flood damaged by a state’s Department of Motor Vehicles, Canadian province, insurance companies and more are in use in every state, and these ten states have the most:. The top five metropolitan…
The number of advisors grew in 2014 for the first time in nine years, according to a new report from Cerulli Associates. But the gains are expected to be short-lived. By 2020, retirements will claim significant numbers of advisors annually, Cerulli says.

–USI Insurance Services, a world leader in insurance brokerage and risk management, today announced the acquisition of Philadelphia, Pa.- based Beneficial Insurance Services, a wholly owned subsidiary of Beneficial Bancorp, Inc. Founded in 2005, the insurance brokerage provides commercial property and casualty, personal risk, and employee benefit…

–With a new survey finding four-in-10 parents of teen drivers don’t talk to their kids about safe driving on a regular basis, Allstate urges teens to flip the script and spearhead this important conversation with their parents and friends during this week’s National Teen Driver Safety Week. Released today to shine a spotlight on how parents view their teens’…

STAFFORD TOWNSHIP- Almost six years after Hurricane Sandy struck New Jersey, a group that advocates for flood survivors’ rights held its first convention, showing there is still much work to be done in the historic storm’s aftermath. The convention was held Saturday at the Ocean Acres Community Center in Manahawkin. Called “clawbacks,” the demands for repayment…

The American Council of Life Insurers issued the following news release:. The American Council of Life Insurers, whose member companies provide financial and retirement security to 90 million American families, elected its chair, officers and ACLI Board of Directors at the 2018 ACLI Annual Conference today. Ameritas CEO JoAnn Martin will serve as chair for…

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Employee benefits provider Unum (NYSE: UNM) finds that 41 percent of adults cite the cost of dental care,…

Braintree, MA. (October 9, 2018) — U.S. life insurance application activity was off slightly in September, down -0.4% year-over-year, according…

Will that work with NAFTA 2.0, now being reimagined as the United States- Mexico-Canada Agreement? Some GOP leaders were quick to praise the president for political reasons, but we believe that the new agreement should be critically assessed, particularly by Louisiana’s delegation in Congress. Still, with leaders in both Mexico and Canada having good…

Many small retailers are upbeat about the fourth quarter as customers are more confident and spending freely, especially on non-essentials stores struggled to sell during the recession and its aftermath. Sales are so strong at women’s clothing company Leota that owner Sarah Carson is asking manufacturers for more inventory for the holidays, a change from…

The third quarter 2018 composite rate for personal lines in the United States held steady at an increase of 2…

The Securities and Exchange Commission today charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. According to the SEC’s complaint, Musk’s tweets caused Tesla’s stock price to jump by over six percent on August 7, and led to…

WASHINGTON— U.S. health secretary Alex Azar says premiums for a popular type of health plan under the Affordable Care Act will edge downward next year. Speaking in Nashville on Thursday, Azar said premiums for a popular type of“ silver” plan will drop by 2 percent in the 39 states served by the federal HealthCare.gov website. The analysis by the consulting firm…

WASHINGTON- The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. However, a big part of that growth reflected a temporary rush to ship soybeans and other U.S. exports out before penalty…

WASHINGTON, D.C., (September 27, 2018)—”The Family Savings Act (H.R. 6757) passed by the U.S. House of Representatives is an important…

Insurers could be facing another third quarter of costly casualty losses in the wake of Hurricane Florence lashing North Carolina and the surrounding region. “Given the timing of Hurricane Florence, any potential downward revisions to earnings estimates for companies in the insurance industry may not occur until late September or early October,” wrote John…

–From Atlantic hurricanes and California wildfires to drought in Europe, extreme weather-related events made 2017 one of the most costly on record for the global insurance industry, but insurers’ capacity to meet their losses continues to grow. Quotes“ The bad news for insurers is clear: 2017 was one of the worst years for insured losses on record,” said Rohan Dixon,…

The Securities and Exchange Commission today charged a former Dayton, Ohio registered representative with defrauding his retail brokerage customers out of over $1 million in a long-running scheme. According to the SEC’s complaint, John Greg Schmidt, who was associated with an SEC- registered broker dealer, sold securities of at least seven of his customers…

The California Department of Insurance issued the following news release:. An investigation by the California Department of Insurance revealed that Peter Kim, a licensed insurance agent, allegedly sold two policies to his wife, Jin Kim, and falsely listed her as a niece and beneficiary of the insured. During the same time, Jin Kim purchased another life…
Americans who commit to healthy lifestyles will be rewarded by John Hancock.

John Hancock is transitioning all of the company’s life insurance policies to policyholders who commit to making healthy choices. The interactive policies will track fitness and health data through a variety of smartphones and wearable devices such as the Fitbit.

Andrew Gillum, the Democratic gubernatorial candidate in Florida, says the state has left some 700,000 poor residents without health coverage by refusing to sign up for Obamacare’s expansion of Medicaid. Republicans in Washington have repeatedly looked to rein in the Medicaid expansion as part of their broader efforts to curb the 2010 law.
Flooding is viewed from the air in the aftermath of Hurricane Florence last week.

As Hurricane Florence ravaged Carolina communities, some insurers based there closed their doors, with many setting up emergency numbers to help affected clients and policyholders. Storm damage is estimated at about $3 billion.
President Donald Trump is overseeing a strong economy, but is the Fed on board?

Regardless of one’s political affiliation, most people are getting tired of the continuing chaos coming out of the White House. This is not what the American voters wanted, but it is what they voted for, and to some, the results are not surprising. The second group are those who are true Republicans, who couldn’t bring themselves to vote for most any Democrat, and…

PARK RIDGE, Ill.  —Million Dollar Round Table announced the appointments of Ross Vanderwolf, CFP, to President and Randy L. Scritchfield,…

US Dollar currency index, which tracks the U.S. Dollar against a basket of foreign currencies, fell 0.25% to 95.13 on Monday. Gold investors are closely focused on the U.S. Dollar, which may be affected by increasing trade tensions and the Federal Reserve’s monetary policy. Sixty North Gold Mining Ltd., Eldorado Gold Corporation, Comstock Mining Inc., Pershing…
President Donald Trump is overseeing a strong economy, but is the Fed on board?

President Donald Trump will be signing an executive order Friday that the White House says is aimed at strengthening Americans’ retirement security. The White House declined to provide details on the order, but said it was part of a plan to promote programs that enhance retirement security and expand access to retirement savings plans.
Good day for Wall Street Tuesday as stocks rebounded.

Stocks posted solid gains on Monday after the White House said it reached a preliminary agreement with Mexico on replacing NAFTA. The U.S. still needs to reach an understanding with Canada, the third party in the accord and the second-largest trading partner for the U.S.