Updated Tuesday, May 26, 2015 as of 1:47 AM ET
$12B Firm to RIAs: Sell Us Your Second Best
Fidelity's custody unit is backing a deal in which a Mariner Holdings unit will pay 35 basis points for referrals of mass affluent customers.
More in Mass Affluent
At the urging of management, advisors and bankers now hold joint annual review meetings with customers in a coordinated quest to secure more of their business. more »
The additional revenue from President Obama's expected proposed tax increase would be used to fund programs to assist the middle-class; Plus, how to help a client who missed employer's matching 401(k) funds. more »
Older middle-class Americans in their 50s are more likely to lack confidence in their retirement preparedness, with almost half fearing they haven't saved enough. more »
Global private wealth will grow 40% to $369 trillion by 2019, with more than one quarter of the growth coming from emerging markets, according to Credit Suisse Group AG. more »
Only about 20% of the mass affluent market have a financial advisor, notes FutureAdvisor CEO Bo Lu, compared with around 60% of individuals with more than $1 million in investable assets. more »
Mass-affluent investors are a confused group, so advisors need to set clear expectations about the markets, as well as the help they can provide. more »
Many parents are not saving enough for their children thanks to their own unpaid student loan debts, according to new study from the CFP Board. more »
Many U.S. households are not adequately prepared for retirement, according to a new report from the Federal Reserve that found 31% of non-retired respondents indicating they have no retirement savings or pension, including 19% of those ages 55 to 64. more »
Wealth gap lasts into retirement years; Will federal retirement wipe out Social Security benefits; Never too young to start saving for retirement more »
A 401(k) for everyone; A disturbing look at the new retirement; To get the annuity right, start at the finish line more »
Advisors on the Move: Wells Fargo Nabs $650M Team
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