MetLife has brought a principal-protection savings option to its North Carolina 529 college savings program. The new Protected Stock Fund requires contributors to contribute $1,000 for at least five years.
In return, MetLife will guarantee the principal, plus the greater of 3% annualized interest or 70% of the return of the S&P 500 Index, minus dividends, at the end of the five years. North Carolina's 529 college savings program allows investors to deduct contributions from their state taxes
Republicans will be planning a victory lap and Democrats will be thinking about their election strategy. But financial advisors and tax pros will be preparing their clients.
Earning and maintaining certifications requires a significant time investment. So why do advisors go through the trouble?
As Raymond James, Wells Fargo and RBC reported big recruiting deals this week, FINRA said it was going to pay back to its members a large chunk of the fees they paid last year.
Looking forward to not answering client phone calls? Here's how to make it happen.
In separate cases, two federal judges found that neither Wells Fargo nor LPL had a fiduciary obligation to look for clients' best interests with uninvested cash held in brokerage accounts.
Even after accounting for income, Black Americans still trail in retirement savings, according to a recent EBRI study. Advisors point to a mix of historic and systemic barriers that make the gap hard to close.
