Month: July 2022

CHARLOTTE, NC, July 28, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) announced today that financial advisor Eddie Chan has joined LPL Financial’s brokerage, RIA and custody platforms, joining Perennial financial services, an existing company that supports LPL Affiliate Advisors. Chan reported serving approximately $110 million in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise Financial. Chan first showed an affinity for finance when he experienced Black Monday in October 1987. Motivated to help clients improve their financial education and manage their complete financial picture, Chan launched his career 30 years. He believes in a holistic,…

Forward-thinking employers, especially those with many hourly workers, are increasingly recognizing the need for a “financial security” strategy — that their compensation and benefits offerings should foster a workforce with less financial anxiety and stress. Being able to apply this strategy is a key way for HR and benefits professionals to deliver incredible strategic value not only to the company, but also to their workers. According to the Federal Reserve, nearly 40 percent of Americans don’t have enough money saved to cover a $400 unexpected expense, and that number rises for women, blacks and Latinos, and those making less than…

Envestnet’s study, conducted in partnership with The Center for Generational Kinetics, reveals that advisors who offer compelling digital services alongside traditional in-person advice are best positioned for growth. BERWYN, Pa., July 28, 2022 /PRNewswire/ — Envestnet released the findings of its first national study, “The Intelligent Financial Life: The Unexpected Intersection Between Technology, Clarity, and the Human Connection,” led in collaboration with The Center for Generational Kinetics, which discover surprising trends and attitudes. and the behaviors that Americans have across generations around the integration of financial advisors with new technologies to help them achieve their financial goals. To learn more…

Of course, every personal situation is different. Sanchez says people approaching retirement should consider being more conservative with their investments. “If you’re within five years of retirement, hopefully you’re already converting your portfolio; the transition to a more conservative portfolio, where you’re not 100 percent in a stock or stock market, maybe 25, 35 percent, so you can get through that,” Sanchez said. Armijo says retirees who plan to use investments to help fund retirement income need a plan to make sure they don’t come up short. “That’s the No. 1 factor we see in retirees: Not enough money,” he…

NEW YORK (AP) – The head of the nation’s financial watchdog is weighing in on how useful fines are in deterring illegal behavior in the financial industry, saying some companies have gotten so big that the money they make little difference. In an interview with The Associated Press, Rohit Chopra noted that the Consumer Financial Protection Bureau plans to roll out a series of tools that could limit a bank or financial firm’s ability to do business if they break the law. In less than a year at the helm of the CFPB, Chopra has moved to turn the agency…