Wave of Surveys Show Americans Unprepared For Retirement
A study asked participants a series of questions around how to best plan for and manage retirement. The results: 80 percent % received scores of 60 or lower; and only 20 % earned a passing grade.
New Hire Roundup: Altegris Names Murphy Deputy CIO
Also in new hires, Lindsey and Lindsey adds Christina Lindsey Orta, and former Gov. David Paterson joins IFS Securities.
Millennials Saving for Retirement but Failing to Plan
Among millennials who have had a go at figuring out how much they’ll need to retire, 52% had “guessed.”
New Hire Roundup: Janus Capital Adds Scholes, Alankar
Also in new hires, the SEC announced that Thomas Krysa has been named associate regional director for enforcement in its Denver office.
New Hire Roundup: Mercer Investments Adds 4
Also in personnel moves, Cathy Clauson joins AssetMark, and Tonnie Wybensinger joins the Financial Services Roundtable.
SEC Enforcement: Traders Used Wives’ Information to Make Insider Trades
Also in enforcement, Transamerica Financial Advisors was fined by the SEC for improperly calculating advisory fees and overcharging clients.
Effect of Gender-Based LTCI Prices Seen in New Index
As you would expect, men's cost is going down, while couples and women are paying more, according to the American Association for Long-Term Care Insurance.
New Hire Roundup: Cetera Names New CIO
Meanwhile, Dynasty Financial Partners welcomed Ron Sallet, Morrison & Foerster added Charles Duross, and Fusion Family Wealth added Fred Gold.
America’s Cup and What Larry Ellison Can Learn (Next Time)
As San Francisco gears up to host another sailing contest, there's a chance to put philanthropy (and sportsmanship) ahead of other priorities.
6 Critical Transformations BDs Must Make: Pershing
Pershing's Broker-Dealer of the Future report says BDs must do these six things or risk falling behind the competition.