Portfolio

So-called buffer funds have attracted over $2 billion worth of inflows so far this year.

“It is amazing that annuity sales are only down in the single digits, given the devastating effects that COVID-19 has wreaked on the annuity industry,” an expert says.

Practitioners say it’s too hard to use, too pricey and doesn’t meet the pandemic-economy moment. This, and other findings of our annual research.

Among our findings, advisors are (finally) embracing chatbots and robo advisors.

Under Lauren Schadle’s tenure, the association rolled out its OneFPA initiative while also dealing with declining membership.

The change is one of several made to the board’s disciplinary reporting process following a report by an independent task force that found “systemic, long-standing, governance-level weaknesses.”

The $4.64 billion fund lost 75% of its value in two months.

The postponement comes as new accounts surge at competing digital advisors.

The firm plans to reshape how it lends to billionaire clients, especially loans that are backed by hard-to-sell assets.

The moves also indicate advisors are more willing to make a career change following a recruiting slowdown due to the coronavirus.