According to Boston College’s Center for Retirement Research, when LTC costs are taken into consideration, two-thirds of Americans may be unable to maintain their standard of living after retirement. The center’s report, “Long-Term Care Costs and the National Retirement Risk Index,” determined that if seniors are able to purchase an LTCI policy, with an annual premium of $3,500, 64 percent would be at risk of lower living standards. If seniors pay for LTC using the equity in their homes, 63 percent would be at risk.
The wealth firm says it plans to open a new office in the City National Bank building soon.
One reason ESG/SRI isn't used across all portfolios: it didn't fit into client investment policy statements.
To succeed, advisory firm owners need to first understand the real reasons "why" they are in the financial advice business.
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