Advisors

Advisors are bullish on Joe Biden, but bracing for a rocky election cycle, according to a CNBC FA 100 survey. More than a third, or 37%, of top-rated financial advisory firms said they believe the Democratic nominee will be elected as the next U.S. president, compared to 20% predicting President Donald Trump will come out

sturti | E+ | Getty Images Alfred Abraham has had colon cancer, prostate cancer, open heart surgery and his left eye removed. Yet at 100, he’s still alive and well. Every day, he and his partner Brian eat fruit and salad and go for walks. He and his family were planning a big party to

A student leaves the Thurgood Marshal Elementary school after all Seattle Public Schools were abruptly closed due to coronavirus fears on March 11, 2020 in Seattle, Washington. Schools will be closed for a minimum of two weeks. The system is the largest public school district in Washington State. John Moore/Getty Images Distance learning got off

Jamie Grill | Getty Images I was raised one and two sentences at a time, my father’s clichés serving up life lessons at the kitchen table, after baseball practice or on the way home from school. He didn’t have the patience for long-winded lectures and couldn’t find his voice after biting his tongue at work

miodrag ignjatovic The economic crisis caused by the coronavirus outbreak is  anything the world has ever experienced. Unlike the recession in the 1980s, the bond collapse of 1994, the Asian currency crisis or the 2008 subprime mortgage disaster, this is not a financial crisis. It is an economic crisis. And, although financial crises occur with

Siriluck Srikumbang / EyeEm Perhaps you are approaching retirement and getting a bit nervous from these wild market swings. It has, after all, been an emotional ride lately, and there are no signs of it letting up soon. You may be thinking: Is it time to “de-risk” your portfolio by dumping stocks and seeking the

shapecharge The Covid-19 pandemic has revealed how close so many Americans are to severe financial insecurity. Over these past four months, millions of American workers have experienced sudden and unexpected losses of their primary sources of income, either temporarily or, for many, permanently. While stimulus checks and enhanced unemployment benefits have filled in some gaps,

AleksandarNakic Our nation is facing unprecedented times, and financial advisors are facing upheaval when their clients need them the most. More than 40 million people have applied for unemployment benefits since early March, while the economic outlook remains grim. The Atlanta Federal Reserve projects that the nation’s gross domestic product during the second quarter will

Johannes Eisele/Getty Images The country is in a recession and it’s certainly unclear how long this downturn could last. Chances are that you or someone you know has taken a financial hit because of the sudden downturn. Now, the National Bureau of Economic Research has determined that the U.S. entered into a recession in February.

Carlina Teteris This summer, it may become more difficult for investors to determine whether a financial advisor indeed has their best interests at heart. Starting June 30, financial advisors who are affiliated with broker-dealers legally will be required to place clients’ interests first when they give financial advice. This rule, which was handed down by the

Martin Seay, president of the Financial Planning Association and chair of the Personal Financial Planning Program at Kansas State University. Financial Planning Association The coronavirus pandemic has forced businesses of all kinds to rethink how they work and interact with customers. Financial planning is no different.  Martin Seay, president of the Financial Planning Association, perhaps

For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they

For decades, financial advisors have counseled clients that they should be able to safely withdraw 4% of their assets each year as a means of providing income, while maintaining an account balance large enough to keep income flowing through retirement. While some of the underlying thinking behind the so-called 4% rule was prudent, it was

Adam Hester America is a resilient nation. Americans are optimistic, innovative, forward-looking and compassionate. And when a crisis occurs, America’s best qualities shine through and burn brightly. We are in the midst of an unprecedented health crisis that has caused a momentous disruption to our nation’s and the world’s economy as businesses have been ordered

Chad Springer It’s obvious we are living in highly uncertain times. Markets are extremely volatile, and monetary and fiscal policies change from day to day. Most clients are extremely anxious, unsure of how the market is going to move and how those moves will impact their portfolios. While financial advisors must continue being proactive –

Our brains are wired to look for danger and react quickly to an approaching attack; however, this most recent threat is invisible, but no less distressing to our primitive brains. Plummeting stock prices are sending some investors over the edge, leading to irrational behavior that has dire long-term financial repercussions. In his book, “Your Money

For anyone who became accustomed to watching their 401(k) account balance climb higher for years on end, the market’s recent drop and continued volatility may be unnerving if not downright scary. Nevertheless, you shouldn’t let fear cause you do something that could hurt your long-term retirement planning, advisors say.  “The coronavirus is certainly creating a

Photo by Ariel Skelley via Getty Images Markets have been a roller coaster ride in the weeks since the coronavirus pandemic reached the U.S. Most of the country’s financial advisors think we haven’t hit bottom yet, a survey finds. Despite periodic rallies — like Monday’s more than 7% rise of both the Dow Jones and

JohnnyGreig | E+ | Getty Images We are in a challenging time, facing rapidly evolving information about the coronavirus and the effects on how we work and live. Markets continue to function and are reflecting this constant change, which means greater volatility. Those circumstances don’t make it easy for investors to stay in their seats.

There could be a tug of war brewing over which standard financial professionals should follow when they provide advice or sell products such as annuities to individual investors. The Securities and Exchange Commission is unveiling a new regulation, called Regulation Best Interest, which requires broker-dealers and professionals associated with them to keep their clients’ best