Filed Under:Life Insurance, Life Practice Management

Life Digest -- SEC violations, great cities, small biz gains

SEC's Gallagher Fears Advisor Violations are Going Undetected

“This review points up a clear need for greater SEC oversight --and, in particular, examinations of -- registered investment advisors. For too long, the SEC has failed to match the resources of its counterpart in the broker space, FINRA, in policing advisors. It's high time that this gap be closed.”
—Warren S. Hersch
Reuters A new SEC review showed an "eye-popping" percentage of licensed brokers have checkered histories A top U.S. regulator said on Friday he is worried that investment advisers may be getting away with securities violations that are going undetected, and he called for action to improve how ...

Advisors: What makes a retirement city great

“The amenities and living conditions of one city or another may look great on paper. But as this article observes, clients considering relocating for their golden years should spend several months in the desired locale before committing to the move. That could save them from having costly second thoughts after the fact. ”
—Warren S. Hersch
"If you're living in Idaho or New York City, [your retirement lifestyle] is a completely different conversation," said Alex Benke, a certified financial planner and product manager with online advisory firm Betterment. But look beyond how much it will cost to rent or buy a home or order a ...

Big retirement savings gains for small businesses

“The substantial gains in average balances of small business retirements plans noted in this Fidelity study  point to greater interest among companies in implementing retirement plans for themselves and their employees. That, in turn, should translate to greater opportunities for financial professionals looking to provide life insurance and investment advice to the SMB market.”
—Warren S. Hersch
Contributions to small business retirement plans have increased dramatically since the Great Recession, according to Fidelity Research. The study, which looks at more than 200,000 small business accounts offering a Simplified Employee Pension Plan (SEP-IRA), Self-Employed 401(k) or Savings ...

The Morning Buzz | Baby Boomers' Retirement Impacts Churches

Welcome to the Morning Buzz, PRRI’s daily dose of religion-related news with a shot of data — because what doesn’t liven up a morning round-up like some public opinion numbers. Not only did Obamacare surpass the administration’s original goal for the number of enrollees, insurance companies now ...

More Americans Think They Will Retire Comfortably

For the first time since 2007, half expect to have enough money WASHINGTON, D.C. -- Half of Americans who are not yet retired think they will have enough money to live comfortably after they retire. Prior to 2008, a majority of nonretired Americans consistently thought they would be able to live ...

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Nichole Morford

Nichole Morford
Managing Editor

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