More than 70% of American adults worry about the Social Security program running out of money during their lifetime, according to the Nationwide Retirement Institute’s eighth annual Social Security Consumer Survey released Wednesday. The Covid-19 pandemic has contributed to this ...

I think the most satisfying moments of operating an advisory practice occur when a client who has been feeling confused or fearful suddenly “gets it.” Sometimes the adviser has to change his or her approach, as though the client’s brain ...

Virginia, Maine and Alabama recently adopted annuity suitability rules that closely track model legislation proposed by the National Association of Insurance Commissioners. Two industry trade groups — the American Council of Life Insurers and the National Association of Insurance and ...

New Jersey Attorney General Gurbir Grewal will lead the U.S. Securities and Exchange Commission’s enforcement division, putting a well-known former prosecutor in charge of the unit that polices Wall Street. SEC Chair Gary Gensler announced the pick Tuesday, touting his ...

A new service promises to dramatically reduce the time retirement plan advisers spend getting quotes for their 401(k) clients. Benetic, which launched in January, is a comparison-shopping site that generates quotes based on investments and record keepers, which vary in ...

In the latest example of the wealth management industry adjusting to the growing demand for sustainable investing products and strategies, J.P. Morgan on Tuesday announced the acquisition of OpenInvest, a technology platform that helps financial professionals customize and report on ...

The Financial Industry Regulatory Authority Inc. could help foster diversity in the securities industry if it rethought questions about criminal activity on the basic employment record for the roughly 300,000 financial advisers working at brokerage firms, according to a handful ...

The Securities and Exchange Commission may make corporations reveal more about climate risks in key regulatory filings, a push that Wall Street and the biggest tech companies say will lead to a barrage of shareholder lawsuits. Top SEC officials want ...

During a bull market, the critical fiduciary success factor is connecting with a client’s mind. During crises, the critical factor is connecting with the client’s heart. 1. Fiduciary is a relationship, not a transaction. You’ve learned that a quarterly performance ...

Principal Financial Group Inc. said it will stop selling U.S. retail fixed annuities and consumer life insurance products and pursue sales of blocks of those assets already in force. The operations tagged for divestiture and other alternatives have policy reserves ...