Practice

Financial Planning talked with ING Financial Partners president, Karl Lindberg, about why a solid understanding of retirement income planning is so important for advisors and their practices.

ING Financial Partners, the broker dealer of ING U.S., has developed a new practice management program designed to help financial advisors address lifetime income planning needs of their near-retirement clients.

Ultimately, damages to the region could amount to $50 billion, according to Jim Kane, president of personal insurance at HUB International. Even at this early stage, he says, there are several pieces of advice that planners can (and should) offer to clients who are contending with damages.

Times have changed, of course, and advisors and their clients interact with each other and with financial data in more dynamic ways. Clients have easy access to abundant consumer-oriented financial data and sophisticated investment analytical tools. They also expect their advisors to produce answers whenever they want them, no matter where the advisor might be at the time the question arises.

The Financial Industry Regulatory Authority has decided to implement a number of regulatory changes designed to help firms and advisors whose business was affected by Hurricane Sandy.

The vast majority of boomers are not prepared for retirement and have put saving on hold until the economy turns around.

Relationships help fund firms retain assets, says Cogent Research.

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

The process of raising standards for the profession continues to be a work in progress. At the CFP Board, we believe that we are raising the bar

Affluent and millionaire investor confidence rose in October, according to research from Spectrem Group. Meanwhile, millionaire investors see mostly advantages to working with advisors.