Topic: The Assets

Portfolio management

Morgan Stanley Buys Part of $5.8B Retirement Robo

December 5, 2022No Comments

After Blooom abruptly shut down last month, Morgan Stanley bought ‘components’ of the retirement robo’s technology and onboarded 13 employees, including chief executive Chris Costello.

What You Should Know About Outsourcing Investment Management

November 29, 2022No Comments

Outsourcing investment management offers advisors the opportunity to free up substantial time while providing their clients with best-in-class solutions.

What Clients Get Wrong About Fixed Annuities

November 16, 2022No Comments

MassMutual surveyed consumers and advisors, trying to better understand their attitudes and approaches to fixed annuities.

Infographic: The Fixed Annuity Opportunity for Advisors

November 17, 2022No Comments

Advisors are missing opportunities to serve their clients and grow their businesses with fixed annuities.

What’s Up with Fixed Annuities?

November 16, 2022No Comments

MassMutual Strategic Distributors surveyed more than 1250 advisors and consumers to better understand their attitudes and perceptions regarding fixed annuities.

Insurance planning

Self-Insuring for Long-Term Care: Is It Right for Your Clients?

November 29, 2022No Comments

Self-insurance makes sense for many investors, but not necessarily all of them. These steps will help you determine the right path for your clients.

Securing Financial Security for Single Women

November 29, 2022No Comments

Clients in similar-looking situations may have very different needs. These case studies can help you differentiate how best to serve your clients.

Lawsuit Reveals the Big Money, Competitive World of Life Insurance Agents

November 18, 2022No Comments

An agent said he lost $1.58 million after New York Life fired him over a case involving a replacement annuity. The abrupt termination aimed to prevent him from moving clients to Ameriprise, he claims.

These Maps Show the Largest Insurers in Every State

November 14, 2022No Comments

Northwestern Mutual edges out competitors in the most states.

Focus Financial Sticks to 2025 Growth Targets Despite Market Headwinds

November 4, 2022No Comments

The firm aims to have 125 partner firms and about $4 billion in revenue by 2025.

Estate planning

Special-Needs Planning: One Chance to Get It Right

November 22, 2022No Comments

Jim Lange, of Lange Financial Group, explains the critical estate-planning steps when a special-needs beneficiary is involved.

Hosting a Family Meeting with Clients? Don’t Discuss Money

November 16, 2022No Comments

A matriarch or patriarch is often hesitant to disclose financial specifics in these meetings, so one expert suggests general topics for a productive conversation.

IRS Raises Gift, Estate Tax Exemptions for 2023

November 8, 2022No Comments

UBS suggests ways to take advantage of the higher thresholds.

Nearly Half of Investors with $1M Have No Wealth-Transfer Plan: Report

October 25, 2022No Comments

Close to half of wealthy individuals avoid talking about money with their family, which can lead to major problems for the heirs, according to a new report from UBS.

Long-Term Bonds: How to Connect with Clients’ Children

October 24, 2022No Comments

Your clients’ children stand to inherit significant wealth. Here’s what you need to know to inherit their business.

Tax planning

Cetera's Farpointe Affiliate Adds Tax-Focused Wealth Management Group in JV

December 1, 2022No Comments

Michigan-based DeLong & Brower Financial Services will join up with Texas-based Farpoint to establish a national network of tax, insurance and wealth management professionals, Cetera says.

Tax-Law Changes Could Redraw RMD Strategies, Experts Say

November 29, 2022No Comments

Recent changes could force wealthier retirees to pull money faster from IRAs and result in higher taxes, so for some retirees pulling more money now could be beneficial and planning long-term is essential, retirement experts say.

Using Direct Indexing for Tax-Loss Harvesting

November 17, 2022No Comments

Tax management may be especially important amid volatile stock markets. Direct indexing can help advisors be more efficient.

Massachusetts Votes to Tax the Rich, Californians Don’t

November 10, 2022No Comments

Massachusetts tax payers with annual incomes of over $1 million will faces a 4% surtax on top of the flat 5% state income tax rate, while California tax payers earning above $2 million will not have to face a proposed 1.75% surtax.

IRS Raises Gift, Estate Tax Exemptions for 2023

November 8, 2022No Comments

UBS suggests ways to take advantage of the higher thresholds.

Retirement planning

Auto Enrollment May Become the Law for New 401(k)s

December 2, 2022No Comments

Secure 2.0 is still being hashed out, but it’s likely to include provisions that increase the number of plan sponsors that use auto enrollment. This would send more assets to target-date products.

Early Partakers Lose $182K in Social Security Benefits: Report

December 1, 2022No Comments

The vast majority of Americans should wait until the age of 70 to collect benefits, but only 10.2% do, according to a recent paper from the National Bureau of Economic Research.

Tech Hurdles, Price Keeping Guaranteed Income Options Off of 401(k) Menus

November 29, 2022No Comments

Plan participants want guaranteed income options, a survey finds. But certain barriers are preventing some recordkeepers from putting them on their platforms.

Tax-Law Changes Could Redraw RMD Strategies, Experts Say

November 29, 2022No Comments

Recent changes could force wealthier retirees to pull money faster from IRAs and result in higher taxes, so for some retirees pulling more money now could be beneficial and planning long-term is essential, retirement experts say.

Senators to Fidelity: Reconsider Bitcoin in 401(k)s in Light of FTX Collapse

November 22, 2022No Comments

In a letter to Fidelity CEO Abigail Johnson, Democratic senators says the implosion of the crypto exchange shows the prominence of “wunderkinds, opportunistic fraudsters and self-proclaimed investment advisors” in the crypto space.

Investment strategies

Sifma’s '23 Priorities: T+1 Implementation Date, Treasury Market Structure Reform

December 5, 2022No Comments

The industry group will also focus on digital asset regulation, according to president and chief executive officer Ken Bentsen.

Finra Urges Firms to Address Red Flags in Opening of Options Accounts

December 2, 2022No Comments

The industry’s self-regulator says firms must address how they deal with red flags, such as inexperienced new investors applying for options trading.

Home Office News: Wires Hang Help-Wanted Signs (Experience a Plus!); Alts at LPL; Morningstar’s ESG Analytics

November 30, 2022No Comments

A roundup of key updates from major broker-dealers, registered investment advisors, custodians and other distributors.

Morgan Stanley’s Top Strategist on Going Against the Consensus

November 30, 2022No Comments

Mike Wilson, who was among very few analysts to forecast a drop in the S&P 500 even before the war in Ukraine, tells Bloomberg that he believes in being a “market historian” — while thinking for himself.

Is Direct Indexing Key to ESG Alignment?

December 1, 2022No Comments

It’s not easy being green, especially when allocating portfolios. But direct indexing may be changing the investment climate.