- Foreside Unveils Solution for Breakaway RIAs
Comprehensive platform helps mitigate liabilities and risk for successful transition
Foreside Financial Group, LLC (“Foreside”), a provider of governance, risk management, and compliance service and technology offerings to clients in the global asset and wealth management industry, today introduced a comprehensive solution for individuals and groups who are seeking to “break away” from their current affiliations and establish their own investment advisory firm.
read more - Uncertainty Is the Only Certainty for 2021
Still, the U.S. stock market continues to power through
In a new year already marked by political turmoil and a worsening global pandemic, uncertainty rules. Amid vaccine rollouts and economic stimulus measures in many developed nations, high hopes for 2021 are counterbalanced by continued virus spread, lockdowns and elevated unemployment in affected industries. Despite this, the US stock market powered through to end 2020…
read more - Our Year of Opportunity
After disruption comes the opportunity for refocus and reinvention
The Workforce Institute at UKG today released its annual predictions of the top trends that will impact the global workforce in 2021.
read more - Mindset of Affluent Investors Links Customer Experience to Future Loyalty to Financial Firms
Investors showing investor loyalty is tenuous based on portfolio performance and advisor behavior
InMoment®, the leading provider of Experience Improvement (XI)™ solutions, announced new research of affluent U.S. investors showing investor loyalty is tenuous based on portfolio performance and advisor behavior. However, attitudes about investing and risk have remained steady during the pandemic. Financial firms interested in adopting experience improvement guidance from InMoment can proactively address these client…
read more - Deficits in Financial Literacy Cost Americans $415 Billion in 2020
Does lacking knowledge affect a person's bottom line?
Lack of financial knowledge and education can have a powerful impact on individuals' personal finances. Recently, however, the National Financial Educators Council (NFEC) sought to discover whether lacking knowledge affected a person's bottom line.
read more - Measuring The Institutional Investor Mood
Confidence on the rise with expectations for 2021 guidance high
Corbin Advisors, a strategic consultancy accelerating value realization globally, today released its quarterly Earnings Primer, which captures trends in institutional investor sentiment. The survey, which marks the 45th issue of Inside The Buy-side®, was conducted from December 3, 2020 to January 6, 2021 and is based on responses from 80 institutional investors and sell side…
read more - US Banks May See 4Q Upside as Reserves Fall on Improved Outlook
Increased stimulus, vaccine mass-distribution boost forecasts
Some U.S. banks may report reserve releases in their upcoming 4Q20 results under the current expected credit loss (CECL) accounting standard, as the increased stimulus and the expected mass distribution of vaccines have improved the economic forecasts, says Fitch Ratings. As a result, negative provision expenses could benefit earnings, despite the expectation of a increases…
read more - Variable Annuities Reforms Leading to Mixed Results for Life/Annuity Insurers
Expected to diminish noneconomic volatility that resulted under the previous framework
AM Best expects variable annuity (VA) reforms from the National Association of Insurance Commissioners’ (NAIC) to diminish noneconomic volatility that resulted under the previous framework and may reduce the use of captives by U.S. life insurance and annuity writers.
read more - The Way We Save
How advisors can ‘win on the saver spectrum’
The ways Americans save – from “Big Savers” to “Aspirational Savers” – provide insights that can lead to better financial outcomes and help financial services firms to engage with different saver segments, according to a new report by Hearts & Wallets, the research and benchmarking firm that specializes in how consumers save, invest and seek…
read more - Closing The Savings Access Gap
How 40 million more Americans could save for retirement by 2040 with national universal access to retirement savings options
National universal access policies could dramatically close the retirement savings access gap for millions of employees and provide larger annual incomes for retirees, according to new research from the Georgetown University Center for Retirement Initiatives (CRI) in collaboration with Econsult Solutions, Inc. (ESI) and supported by a grant from the Berggruen Institute’s Future of Capitalism…
read more - When Health Suffers, Finances Go On Life Support
As COVID-19 concerns continue to mount, Americans face greater risk of suffering from high medical debt
Even adults who do not contract COVID-19 are facing a healthcare crisis. A Debt.com survey of more than 1,000 American adults reveals 56 percent of respondents had medical debt sent to collections and nearly two-thirds owed under $5,000, while 5 percent owed over $50,000.
read more - 2021 Trends to Watch Include: Virtual Care, Mental Health, Health Equity
Pandemic has accelerated dramatic changes
The pandemic has accelerated dramatic changes in health care and well-being in 2020 and will continue to do so in 2021, said Ellen Kelsay, president and CEO of Business Group on Health, the premier non-profit organization representing large employers’ perspectives on health, well-being and workforce strategy issues.
read more - With Slim Majority, Biden Administration to Pursue Centrist Agenda
Can it garner support from both parties?
President-Elect Joseph Biden will take office with a smaller Democratic majority in the House of Representatives than before the election and tiebreaker-control over the incoming Senate, which will be split 50-50 between Republicans and the Democratic Caucus following last week’s run-off elections in the two Georgia Senate races.
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