News Roundup

News Roundup (677)

What Do Clients Want from Advisors?

Personalization, financial expertise, and empathy are the most common traits that clients seek in advisors, according to an analysis of reviews on Yelp and Angie’s List by the MIT AgeLab. So reports Forbes.

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Firms Launch Healthcare Planning Software

A handful of brokerage firms including Merrill Lynch and Raymond James have rolled out software programs to help individuals estimate their healthcare costs in retirement. So reports Reuters.

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Morningstar Issues Inflation Warning

A labor shortage and an economy that is reaching full capacity could fuel inflation, according to a recent Morningstar warning. So reports ThinkAdvisor.

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How to Maximize the Value of 529 Plans

Many pitfalls exist that can making using a 529 plan less effective for funding college tuition. So reports WealthManagement.com.

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Advisors Offer Life Coach to Compete with Robo-Advisors

Some advisors are offering life coaching, such as helping clients find substance abuse treatment or support following a cancer diagnosis, as a way to compete with robo-advisors. So reports Reuters.

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Northwest Mutual to Acquire Robo-Advisor LearnVest

Northwest Mutual plans to purchase robo-advisor LearnVest, which is a young firm that many believe has increased the popularity of online advice platforms. So reports FierceFinanceIT.

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Progressive Financial Advisor Best Places to Work

Progressive Financial Advisor Best Places to Work is a survey competition to determine which participants are the best employers. The process is managed by Best Companies Group (BCG) and winners are published by Progressive Media Group, Inc.

Why participate?

By participating you can find out if you are one of the county’s best employers! It can also result in significant organizational benefits for entrants:

1) Heightened Company Pride.
If your company appears on the list, it could improve employee morale and retention.

2) Public Relations and Marketing Advantage.
Companies can use the distinction to enhance recruiting efforts, increase the value of general marketing and improve reputations.

3) The Employee Feedback Report.
Included with registration, participants will receive their Employee Feedback Report detailing the company’s employee responses. Also included are employee and employer benchmarks.

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Morgan Stanley Says Whistleblower is a Crook

John Verble of Knoxville claims he was fired by Morgan Stanley because he was a whistleblower, but the broker-dealer has fired back with allegations that the advisor was dismissed because he is a crook. So reports Cleaveland.com.

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Emerging Affluent Likely to Become Millionaires

A recent Fidelity Investments study has concluded that many emerging affluent investors, or those ranging in ages from 21 to 49 with investable assets of $50,000 to $250,000, are likely to become millionaires. So reports the Digital Journal.

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Sales of Single-Premium Immediate Annuities Expected to Set Record

Investors are expected to pump $10 billion into single-premium immediate annuities this year, which would be a record high for the products. So reports Financial Advisor.

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