At the same time, few millennials are aware of the tax-deferred growth potential of annuities, according to insurance firm Lincoln Financial Group.

“The pandemic has created an urgency for our clients to accelerate their existing plans or reevaluate what is truly important to them,” according to Reservoir Road Financial Group’s Ken Roban.

The founders of the firm, Bonsai, include former executives of Allianz and Blackrock.

Cetera Investment Services will be able to provide investment and insurance solutions and investment advisory services through Hancock Whitney financial consultants.

While only about half of financial advisors treat assets such as property and art as part of their UHNW clients’ wealth, 87% of the clients do, according to a report from insurance firm Chubb.

Michael Shillin, who was barred by Finra in 2020 and faces charges from the Securities and Exchange Commission, is now also facing decades in prison if convicted.

Planning early and knowing your options are paramount, advisors say.

Commonwealth Financial Network's Heather Zack says advisors should help single female clients become confident with their finances so they can take the next step.

HD Financial Specialists wanted to affiliate with a firm that could handle its “specialized” client base.

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