When a client talks to their financial advisor about retirement, they want to be assured that they won’t run out of money, but it’s likely they won’t know how long it needs to last. That’s because there is a significant lack of knowledge about the life expectancy of a retiree...
Investors in thematic funds have an ever-increasing range of funds to assist diversification and there are now new funds focused on royalty companies and cancer treatments. Tema ETFs has launched the actively managed Tema Global Royalties ETF and the Tema Oncology ETF, claiming the only ETFs of their kind to...
What does it mean to get older? And what does retirement mean to Americans in 2023? A new study on perceptions of aging and longevity reveals that the median age that is considered “old” today is 80, with 79% of over 50s saying that older adults are more active than...
Employers offering defined-contribution plans to their workers are broadening their focus on financial well-being, according to a poll from J.P. Morgan Asset Management. DC plan sponsors are especially keen to ensure that their employees are well-placed to enjoy adequate retirement income, with 9 out of 10 respondents saying they “strongly...
SageView Advisory Group has announced some leadership changes that see founder Randy Long appointed as chairman of the board and John Longley joining the firm as CEO. The changes are effective from Sept. 1 and reflect a new phase in the RIA firm’s growth which continue its expansion in both...
Retail investors are expected to join institutions in a growing investment market which provides funding for legal disputes. The global litigation funding investment market is estimated at around $16 billion in 2022, but forecast to grow by 9% for 2023-2028, becoming a $24 billion market in five years’ time as...
Global equities were positive in the second quarter of 2023, providing a median return of 2.3% for institutional investors. The stats are based on an analysis of more than 400 U.S. institutional asset owners in the Northern Trust All Funds Over $100 million plan universe, a group with more than...
There’s good news and bad news about the state of retirement savings in 2023 according to a new report from Bank of America. While some Americans are feeling optimistic and have boosted their 401(k) balances, others are struggling and been forced to take hardship withdrawals, depleting their retirement provisions. Average balances...
Financial advisors using LPL Financial’s Model Wealth Portfolios unified account management program will now have access to direct indexing. The firm announced the enhancement at its flagship Focus 2023 event that ended Monday, and advisors will be able at access the feature through new custom indexed separately managed account solutions. The...
As America’s population ages, more people are likely to need long-term care in their retirement years and advisors need to bring up that conversation. The care issue is highlighted in a recent survey from the Nationwide Retirement Institute Long-Term Care survey, conducted in partnership with Limra, which found that some...