Friday, April 4, 2025

Satisfaction Rises among Clients Using Financial Advisors

Thu, 21 March 2024  |  advice brokerage 

A rising tide lifts all boats, and a strong stock market makes investors feel good about their financial advisors, but what happens when the tide recedes? That’s the central question explored in the J.D. Power 2024 U.S. Full-Service Investor Satisfaction Study,SM which finds a significant 8-point (on a 1,000-point scale) year-over-year increase in investor satisfaction. However, the study also finds pockets of weakness, notably among the rising ranks of affluent Millennial investors,  with 36% of them saying they “probably will” or “definitely will” switch firms in the next y... Read More

Empower Launches Comprehensive Suite of New Retirement Income Solutions

Thu, 21 March 2024  |  advice retirement 

Empower today announced a comprehensive suite of new partnerships with asset management and insurance providers to offer a market-leading range of in-plan and out-of-plan guaranteed retirement income solutions for investors saving through workplace plans.

The new offerings, to be launched in the coming weeks, will offer retirement plans multiple options designed to convert participant retirement savings into an income stream customized to their individual needs to support them in their post-working years. The offering will include managed accounts with a guaranteed lifetime withdrawal... Read More

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