Many of the 50 million Americans with pension plans in the United States could soon see those plans disappear. In many cases, surplus assets in plans have been used by employers to fund other endeavors. High retiree healthcare costs have also played a role. Many workplaces are converting to 401(k) plans or asking retiring employees to take smaller upfront lump sums instead of monthly payments.
Kathleen Owings tells ThinkAdvisor about the two kinds of client reactions to the pandemic and leading a nearly all-male platoon.
Firms of different sizes continue to expand and innovate to meet the changing needs of advisors, clients and the broader investing climate.
During a market crash, there are those who need an advisor for the first time, and those looking to replace the ones they have.
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