Sean McCann, a chartered financial planner at NFU Mutual , said if you are currently drawing a final salary pension, you should check whether payments will continue to your new partner if you die: “Rules differ from scheme to scheme.” If you have.
While leasing a car is very different from finding the right adviser, my car-leasing situation got me thinking about how mystifying financial advisory fees must be for investors. Advisory fees, commissions ... If you hold any mutual funds or exchange.
What is important is that you clearly understand your financial planner’s compensation structure and the pros and cons inherent in that method. Commission-based advisors earn their money by selling stocks, bonds, mutual funds, life insurance, annuities.
High-profile fixed index annuities salesman Phillip J. Cannella 3rd at one the free dinners he hosts across the region to promote his company. Cannella, who also hosts an hour-long paid radio infomercial every Saturday and Sunday, says his firm writes.
And for years, the $2.8 trillion annuity industry has grown fat on commission -based products sold primarily through insurance agents and brokers, sometimes with little regard for whether they were in their clients' best interest. .... SLIDING, insurers.
As a retirement plan consultant , I have come across many plan sponsors that have inadvertently made mistakes in their 401(k) plans. Most have just never had anyone show them how to correctly administer a 401(k), or they have so much on their plate that .
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In a rule published in 2005, the Securities and Exchange Commission conceded that investors were confused about the titles that advisers were using and the obligations they were under. ... But the Chamber of Commerce; industry lobby groups including.
Moreover, Hightower Advisors Ltd Com has 0% invested in Sprint Corp (NYSE:S) for 28,936 shares. Virginia Retirement Et Al invested 0.09% ... And invested in 1,000 shares or 0.01% of the stock. Old Mutual Customised Solutions (Proprietary) has 0.03.
Given these troubling forecasts, the WEI calls for immediate action in the form of major governmental policy changes to stave off poverty in old age. Financial advisers are on the front lines of dealing with the crisis at an individual level. For them.
“Exemptive relief should be available regardless of whether the compensation earned follows a recommendation regarding an annuity, a share of stock, a bond, a bank CD or mutual fund and ... of Insurance and Financial Advisors, blasted a Consumer.