Fiduciary Links: Changing Client Needs
Posted by on May 14, 2014
>>>>> Advisors have the responsibility of not only acting prudently with investor’s money, but also of encouraging investors to make wise decisions. This InvestmentNews’ article talks about the importance of investor behavior, and how important it is for advisors to prevent them from making costly mistakes. In the heat of the moment, these decisions can seem reasonable to clients, but will be detrimental in the long run.
The Millennials present a tough challenge for the financial services industry. This article from ThinkAdvisor claims that the challenge is perhaps the most difficult for investment firms. Cost is a major barrier in capturing this young audience as clients.
It may be helpful to point all of your clients, not just those close to retirement, to this article. It claims that according to surveys, half of retirees left the workforce earlier than planned. Unforeseen circumstances have a way of changing life expectations, and talking to your clients about this topic may affect their retirement plan goals.
Now on to the rest of the week’s best links:
News and columns from the leading trade, consumer, and mainstream media:
- ‘Just say no’ applies to clients, too [InvestmentNews]
- Investors value advisers, especially when retirement is looming [InvestmentNews]
- Social Security earnings limits can reduce spousal benefits, too. [InvestmentNews]
- How four financial services sectors can lure Millennials [ThinkAdvisor]
- 10 things to know about how investments are taxed [ThinkAdvisor]
From the organizations/associations/government/academia:
- CEFEX certifies the American National Bank of Texas of Fort Worth, TX as an Investment Steward in an ERISA 3(16) Plan Administrator role. [CEFEX]
- Borzi: No set date for fiduciary rule [NAPA Net]
From the blogs:
- Millennials have no idea how credit scores work [Time, Business]
- Trending Topics for ERISA Plan Sponsors [FiduciaryNews]
- Social Security strategy for couples with income disparity [The Investment Scientist]
- Smart spending: how to plan financially for leave [Time, Business]
- Here’s a dead-simple way to guarantee your retirement security [Time, Business]
Articles your clients are reading, (or should be):
- A pre-retirement financial checklist [Chicago Financial Planner]
- Tips for retirees who manage their own investments [US News]
- The ideal retirement age – and why you won’t retire then [US News]
- How low inflation helps retirees [US News]
