Saturday, April 4, 2026

BoA Creates One App to Rule Them All

Thu, 21 March 2024  |  banking brokerage retirement technology 

Bank of America has launched a massive update to its mobile app, reimagining how clients interact with their finances. As digital engagement continues to soar, 57 million digital clients can now view and manage their full financial lives through a new, unified digital platform that consolidates five apps – Bank of America, Merrill Edge, MyMerrill, Bank of America Private Bank and Benefits OnLine – into one personalized experience.

"Our mission is to continuously innovate and evolve our digital capabilities to provide best-in-class solutions for all of our clients," ... Read More

Families Engaged in Wealth Transfer Planning

Wed, 20 March 2024  |  investing wealth transfer 

A majority of financial advisors surveyed (89%) report clients have a wealth transfer plan in place and many financial advisors say clients are engaging their families in these discussions, according to new research from Edward Jones and Morning Consult. In fact, nearly two-thirds (65%) of financial advisors say clients are bringing their children or parents to meetings to discuss their wealth transfer plans.

"It's refreshing to see clients engaging their families in these conversations, as earlier involvement creates a better sense of trust and intentionality before the transfer take... Read More

Investors With a Plan Double Up On Retirement Wealth

Tue, 19 March 2024  |  financial planning retirement 

T. Rowe Price, a global investment management firm and a leader in retirement, today published a new report that reveals the importance of financial planning for retirement. The report shows a correlation between individuals with a formal financial plan and having two to four times more wealth when entering retirement compared to those without one. Individuals with a financial plan are also more likely to contribute more toward their retirement and work with a financial advisor.

The report also found that the demand for financial planning services is strongest among individuals who ar... Read More

Nearly Sixty Percent of Financial Advisors Recommend Crypto to Clients

Tue, 19 March 2024  |  advice crypto 

Nearly three in five (59%) financial advisors say they recommend that clients allocate a portion of their assets to crypto, according to a December 2023 survey conducted by the Digital Assets Council of Financial Professionals and sponsored by Read More

Women Investors Unsure About Retirement

Fri, 15 March 2024  |  retirement women 

Women investors' retirement plans are being adversely affected by volatile markets and growing living expenses. According to Nationwide's ninth annual Advisor Authority survey,  seven out of ten (70%) female investors say that signs of a potential recession and inflation have caused them to reevaluate if and when they can retire as they deal with a cascade of economic headwinds.

Keeping up with monthly payments and costs has only gotten harder as living expenses keep going up. The rising cost of living is cited by over four out of ten single women (43%) and married women (40%) a... Read More

Many Americans Expect Three Decades of Retirement

Tue, 12 March 2024  |  retirement 

According to a recent poll by Corebridge Financial and The Longevity Project, over half (54%) of Americans say that living to 100 is their aim. The top three benefits of living a long life are family, friends, and new experiences. According to 72% of respondents, the top three benefits of living a long life are having meaningful relationships with family and friends and having more time to explore and try new things.

Even while many desire to live to reach 100 years old, most do not anticipate delaying retirement in order to live longer; instead, the majority (40%) still intend to re... Read More