Mass Affluent

Updated Saturday, May 25, 2013 as of 4:57 PM ET

Mass Affluent

Neuberger Berman Readies Emerging Markets Income Fund

Neuberger Berman has filed with the SEC to offer an Emerging Markets Income Fund. The move follows the news reported by MME earlier this month that the firm had hired 22 emerging markets debt investment professionals, 19 of whom joined the firm from ING Investment Management, where they managed over US$16 billion in EMD assets.

The fund seeks high total return consisting of income and capital appreciation, according to the filing. Expenses range from 91 basis points for Institutional shares to 203 bps for Class C shares. more »

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Downbeat Mass Affluent Offer Opportunities for Advisors

Years after the peak of the financial crisis, mass affluent investors remain pessimistic about their finances. more »

Many Mass Affluent Investors Don’t Use Advisors

Those who do use advisors are scrutinizing the guidance they get and realizing that true value is more than just investment returns. more »

Affluent Americans Naively Optimistic About Their Retirement Readiness

Survey respondents estimate they will need on average about $66,000 in annual income, significantly less than their current average income of $115,000. more »

More Americans Will Spend Rather than Save Tax Refund

More than a third (35%) plan to spend all or part of the refund, while only 16% will save it. Nearly a quarter (22%) will use the refund to pay down debt and 4% will invest their returns. more »

Mass Affluent Open to Learning about Annuities, Tax-Advantaged Products

Men and women 35 – 64 with income of $150,000 - $249,000 may represent the ripest sales opportunities for advisors, according to poll by Nationwide Financial. more »

Bank of America Sharpens Merrill Edge Program

The new program streamlines reporting for clients and provides them with more concrete action plans to help them achieve their financial goals. more »

Cashing In on a Fracking Windfall

In a number of states, clients and prospects are seeking advice on managing new royalty cash. more »

Younger Investors Catching Up in Wealth

Gen X and Gen Y investors account for one-third of all Americans with more than $100,000 in investable assets, up from 20% in 2010. more »

New Tool Helps Investors Face Retirement, Literally

Through a new online tool that ages a consumer’s photo, investors can catch a glimpse of what they’ll look like many years down the road. more »

Middle-Income Americans Saving Less than 5% for Retirement

More than eight in 10 (85%) are saving less than 10% of their income for retirement. more »

Mass-Affluent Consumers Talking About Finances, Taking Greater Control

Almost seven in 10 mass-affluent couples (69%) discuss their finances at least a few times a month. That’s more than what many spend talking about other topics, such as the election, work, sex, and even their kids. more »

Economic Outlook Remains Dim for Mass Affluent, Millionaires

Mass affluent and millionaire investors remain pessimistic about the near-term economic outlook, according to a survey by Phoenix Marketing International, but the results were a tad better than compared to the rest of this year. more »

Should Advisors Feel Threatened by Shopping Mall Retirement Stores?

Main Street Americans may not spend much time fending off solicitations from giant advisory firms but they certainly stroll through shopping malls. In a few upscale centers, they’ll find an America’s Retirement Store, where they’ll be welcome. more »

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