Green, Yellow or Red Zone Client?
Assessing personal and family complexity in wealth advising
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Convergence of Wealth and Retirement Driving Change
Record keepers, asset managers and tech companies spend tens of millions of dollars annually on market research and product development, looking to find the next great thing for defined contribution plans. But there are much simpler ways to determine whether a product or service category will resonate. In the $3 million to $250 million 401(k)…
Your Debt-to-Income Ratio Determines Whether You Qualify for a Mortgage
Just the Tip: Lenders divide your total monthly debt payments by your gross monthly income to decide whether you can handle a mortgage. Approval gets difficult above roughly 43% DTI, and the best rates go to borrowers below 36%. If you plan to buy within two years, pay down debt now to improve your ratio….
Plan Fiduciary Had Alleged Affair With Adviser, Now Faces ERISA Charges
A federal judge in Atlanta allowed three ERISA claims to move forward accusing a former retirement plan fiduciary of breaching her duties, while dismissing a separate request for equitable relief that sought to affect ongoing divorce proceedings. U.S. District Judge Sarah Geraghty granted and denied parts of defendant Jan Watkins’ motion to dismiss, ruling that…
People Moves: Steward Hires COO; William Blair Taps Strategist
Steward Partners, a Stamford, Conn.-based independent financial services firm with more than $53 billion in client assets, has named Joseph Glick as chief operating officer. Glick joins Steward from Sequoia Financial Group, where he served as both chief operating officer and chief financial officer, overseeing the firm’s operational and financial infrastructure, as well as M&A…
Prediction: Micron Will Hit $1,400 in 2027. Here’s the Math.
Micron Technology (MU -1.05%) has been one of the biggest artificial intelligence (AI) winners in recent times — from an earnings and stock performance perspective. The company has seen revenue skyrocket amid demand for its memory solutions, and the stock has advanced 1,300% over the past three years. In the first half of this year,…
This Year’s Retirees to Spend $185K on Medical, Healthcare Costs, per Fidelity
Fidelity Investments projected on July 21 that people retiring in 2026 will spend an average of $185,000 on healthcare costs and medical expenses in retirement. The annual Retiree Health Care Cost Estimate found a 65-year-old retiring this year can expect to spend up to 7.5% more during their retirement than was expected a year ago….
