Don't overlook financial needs of Gen X | Survey shows tech-savvy advisors have upper hand | Cautious millennial savers should key into mutual funds
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June 20, 2017
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Don't overlook financial needs of Gen X
Advisory needs of Generation X -- people in their late 30s to early 50s -- are often overlooked as needs of millennials and baby boomers dominate headlines, writes Seth Kaplan of Gunster. Advisors can provide valuable service by helping Gen Xers focus on issues such as estate planning, asset protection and charitable donation, Kaplan writes.
WealthManagement (6/19) 
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Shield your portfolio from volatile markets.
By offering a level of protection in down markets, a Brighthouse Shield Annuity can add some stability to your portfolio. Brighthouse Financial, a new company established by MetLife, offers products designed to help protect what you've earned and ensure it lasts.
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Building Your Business
Survey shows tech-savvy advisors have upper hand
Advisors who optimize technology and integrate it into their business have 42% more assets under management, as well as more high-net-worth clients, than advisors who are not tech savvy, according to a survey. The survey identifies four areas of focus that could help advisors achieve the greatest impact from technology.
WealthManagement (6/20) 
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Seton Hall M.B.A.: Make Your Mark
Study in a program that is among the 1 percent worldwide to earn both business and accounting accreditation from the AACSB. Ranked the #57 part-time M.B.A. program for 2018 by U.S. News. Learn more about our 100% online programs or call 844-823-1198.
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Financial Products
Cautious millennial savers should key into mutual funds
millennial
(Pixabay)
While research shows millennials are saving regularly, a recent Bankrate survey shows only one-third of young adults invest in the market. Experts say mutual funds may present a way for risk-adverse millennials to achieve diversification and growth potential.
U.S. News & World Report (6/16) 
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Ascent criticizes IBM's compliance software
IBM's newly released Watson Financial Services software, which uses artificial intelligence to aid advisors' regulatory compliance, has faced criticism from Brian Clark, CEO of Ascent, which makes competing software that has been on the market. Watson is a generic product that requires deep understanding of compliance obligations, Clark says, while Ascent's Navigator platform is tailored to advisors' needs.
ThinkAdvisor (free registration) (6/16) 
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Retirement Focus
Study shows impact of job loss on retirement funds
A study by the New School for Social Research finds 96% of Americans endure at least four income shocks, or a pay decline of at least 10%, because of an event such as job loss or illness. Such disruption is a major contributor to the retirement-savings crisis, study authors say.
Money magazine (6/19) 
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10 Social Security issues to discuss with female clients
Women account for the majority of Social Security recipients above the age of 62, partly because of their longer life spans. Here are 10 Social Security topics that may apply to your female clients, including spousal and survivor benefits.
InvestmentNews (tiered subscription model) (6/9) 
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What health care will cost in retirement
Health care worker
(Christopher Furlong/Getty Images)
Many pre-retirees may be underestimating how much money they will need to cover health care costs in retirement. Assuming a 22-year retirement, a 65-year-old couple will spend $404,253 on health care, a sum that could eat up most of their Social Security proceeds, according to data from HealthView Services.
Chicago Tribune (tiered subscription model) (6/18) 
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Relationships are key to brain health during retirement
Researchers have found people who are more connected to friends and family live healthier, more fulfilling and longer lives during retirement, and strong relationships have been found to protect memory and brain function. Advisors can have an immediate impact on clients' well-being by helping them retire with good health habits.
Financial Advisor online (6/15) 
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With ordinary talent and extraordinary perseverance, all things are attainable.
Thomas Fowell Buxton,
politician and abolitionist
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