How investing has changed during the pandemic

The coronavirus pandemic has changed how some people approach investing, with 52% of millennials saying they have embraced a more aggressive strategy, a recent Bank of America poll has found. Respondents say they consider factors such as reputation, fees and personal recommendations when selecting an advisor.

Full Story: ThinkAdvisor (free registration) (4/6) 

NAIFA has expanded access to the NAIFA Family Response Fund to benefit members of the association affected by deadly winter storms in Texas. Officials in Texas and media reports indicate the extreme weather and associated utility outages have resulted in significant property losses and fatalities. Read more.

The life insurance industry is likely to see some big changes in 2021, writes Bill Unrue, CEO of Ensight. Three major shifts Unrue expects are increased regulation, consumers demanding better technology and more focus on the dangers of not having enough coverage.

Full Story: WealthManagement (12/22) 

Financial advisors need to make sure clients understand their long-term care insurance policies and whether they need to make changes. Financial planner Henry Montag lists seven key aspects of coverage to examine, including waiting periods, duration and inflation options.

Full Story: WealthManagement (12/21) 

The coronavirus pandemic has hurt the retirement prospects of a significant swath of American workers, according to a survey by Transamerica Center for Retirement Studies. The survey found that 33% of workers borrowed from their retirement accounts, while 21% said they are now less confident they will be able to retire comfortably.

Full Story: ThinkAdvisor (free registration) (12/21) 

How advisors can help to prop up "three-legged stool"

The "three-legged stool" retirement model -- comprised of Social Security, pensions, and 401(k) or IRA savings -- is collapsing, according to a recent report from the American College of Financial Services. Financial advisors can help prop up the stool for clients by keeping abreast of legislative changes and adjusting financial plans accordingly.

Full Story: InvestmentNews (tiered subscription model) (10/27) 

FINRA posts rule for reps acting as beneficiaries

The Financial Industry Regulatory Authority issued a rule that any FINRA-registered representative who is listed as a client's beneficiary must get written approval from their firm. The rule also will apply to advisors named as their clients' executor, trustee or power of attorney.

Full Story: WealthManagement (10/29)