When recruiting senior advisors, Marlo Stil of The Wealth Consulting Group asks financial product wholesalers to weigh in on candidates and also reaches out to get opinions from other area planners. So reports Financial Planning.
In a recent AICPA survey, 49% of Americans said they are uncertain about their financial outlook for retirement and nearly 29% say they worry about having sufficient resources for their golden years. So reports the Journal of Accountancy.
Despite widespread expectations that Donald Trump would impose his own influence on the Federal Reserve by appointing his own chairperson, the president recently told reporters that Fed Chairwomen Janet Yellen “isn’t toast.” So reports Reuters.
Advisors focus on making strategic financial plans for clients, but many have neglected to make long-term plans for their businesses, according to a recent Pershing study. So reports Financial Advisor.
The fate of the Department of Labor’s Fiduciary Standard is increasingly uncertain following the presidential election of Donald Trump, but various factors are likely to result in a growing number of financial firms adopting rigorous standards for providing advice to retirement investors.