The race is on in the exchange-traded fund business to offer the first ether futures product. Since last Friday, five providers have filed prospectuses with the Securities and Exchange Commission for a total of six products. Most of those filings came Monday and Tuesday, after Volatility Shares kicked off the...
No two ways about it, the retirement crisis is coming. And while lifetime income solutions like annuities may not solve the entire problem, they certainly won’t hurt. An estimated 40.6% of all U.S. households headed by someone aged 35 to 64 are projected to run short of money during retirement,...
The Securities and Exchange Commission on Tuesday barred a former broker, Steven K. Woodard, who was based in Hawaii and allegedly preyed on members of his church in a $6 million scam. The SEC’s action against Woodard, 63, comes just days after it charged Brent Seaman of Naples, Florida,...
The student loan debt crisis is so significant that a broad array of employers consider student loan assistance a substantial value-add to their employee offerings. Student loan repayment assistance is now becoming a priority for many employers because of the looming expiration of federal student loan forbearance enacted during...
When your clients are discussing their retirement plans with you, they may be thinking of relocating outside their current state, but are they planning to make a bad move? Decisions may be driven by several factors including the weather, being near other family members, or simply a long-held desire to...
A new report shows so-called Peak 65 women are more than twice as likely than Peak 65 men to purchase an annuity if recommended by their financial advisor. Excuse us for asking, but why isn’t this substantial deviation piquing more advisors’ interest? According to a study out Tuesday from the Alliance...
A review of 401(k)s shows account balances that are emblematic of widening wealth inequality among older Americans, the Government Accountability Office said in a report Thursday to Congress. The account type, which is often championed as an important savings tool for the middle class, is utilized far more by those...
A man has been charged by the SEC for misappropriating millions of dollars invested by people who believed they would become ‘rich’ from cryptocurrencies. Richard Heart, also known as Richard Schueler, and three entities he controls are accused of selling unregistered securities, namely crypto assets that raised $1 billion from...
The SEC has filed charges against a registered representative for allegedly stealing more than $2 million from a client and using the proceeds to finance the financial advisor’s personal spending. In a complaint filed Friday in the U.S. District Court for the Southern District of New York, the Securities and...
Martin Smith is nothing if not patient in his approach to building out a financial planning niche that focuses on capturing retirement plan business from companies that hold a Minority Business Enterprise certification. Smith, president of Wealthcare Financial Group in Peachtree City, Georgia, applies an old-school strategy that involves a...