Practice

Advisors may want to heed stats noting that Android and iPhone are crushing BlackBerry when it comes to business use and app development.

In the absence of global resolution rules, a hard-to-pronounce buzzword has crept into the debate on winding down big banks: subsidiarization.

How an advisor frames the discussion will determine client decision-making, said Brian Gaffney, CEO of Allianz Global Investors Distributors, and luncheon keynote at the Financial Behavior in Retirement Summit in Chicago on Monday.

Companies, employees and financial advisors all benefit when 401(k) sponsors take plan administrators’ advice.

Helping clients understand who they really are can improve their financial results, said Hugh Massie, founder of Financial DNA, during a talk at the Financial Behavior in Retirement Summit in Chicago on Monday.

Cost, confusion, denial and mistrust of providers are the roadblocks that keep pre-retirees and retirees from planning for their future healthcare needs, said Katy Votava, president and founder of Goodcare, at the Financial Behavior in Retirement Summit in Chicago on Monday.

The Securities and Exchange Commission will vote Friday on new registration rules for hedge funds and private equity funds.

The wide availability of data in the media and on the Internet has not made the decision of how to plan for retirement any easier, said Timothy Noonan, managing director at Russell Investments, during the keynote address at the Financial Behavior in Retirement Summit in Chicago Monday.

While concerns about not being able to pay for healthcare in retirement have abated somewhat to 23% of Americans, down from 30% in 2006, more people, 19%, are worried about having to work longer to supplement retirement savings, up from 12% in 2006, according to a survey of 1,008 people conducted by Opinion Research Corp. for Edward Jones.

Retirement is top of mind for a majority of pre-retiree Baby Boomers between the age of 50 and 60, Charles Schwab found in a recent survey.