The Census Bureau made the announcement on October 17 that the population of the United States crossed the 300 million threshold. The makeup of the population is changing, too. According to the Bureau’s American Community Survey, 55.2 million (approximately 49%) of the nation’s 111.1 million households in 2005 contained married couples–with or without children. Since 2000, those identifying themselves as unmarried opposite-sex couples increased by about 14%. Although they may choose to live together for different reasons, unmarried partners do share something–different, potentially more complicated financial issues than those faced by married couples.
Some 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.
Clients who are nearing retirement should take stock of the assets held within their 401(k)s while it is still early in the year.
If your charitably minded clients want to help improve conditions for immigrants, there are more options now.
Sponsored by Cetera Financial Group
Your long-term clients may already be entering retirement and withdrawing the assets you’ve been managing for them. Now is the time to target younger clients before it’s too late.
Sponsored by Gurtin Municipal Bond Management, a PIMCO company
Discover why callable bonds can be a source of opportunity for municipal investors.
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