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ETF investors bail on the financial sector
Breakfast with Benjamin:Finance-focused ETFs suffer huge outflows. What gives? Plus: Prudential Financial's spooky reinsurance bet, investing in obesity, private lawyers give corporate inversions a leg up, and location matters less when the house you're selling is haunted.
Pimco fortifies to take on the old boss
Monday Breakfast with Benjamin:Gross, Ivascyn to square off. Plus: The outlook for Pimco outflows is bad and worse, global markets keeping an eye on Hong Kong civil unrest, a warning about fixed indexed annuities, buying ahead of ex-dividend dates, and running the numbers on Roth IRAs
Markets wait on the Fed's next move
Breakfast with Benjamin: Investors are waiting for Janet Yellen and the Fed to pull the trigger on rates. Plus: Buying Alibaba via ETFs; S&P and Nasdaq stocks start to separate; hedge funds ride the wave; and annuity product sales hitting double digits.
Wells Fargo pushes insurers to lower commissions on indexed annuities
Debut of its new offerings follows an industrywide surge in popularity for the products.
One of industry's last holdouts, NAIFA elects its first female president
With women representing only 11.5% of advisers, trade group plans to highlight women in industry.
Jackson National extends variable annuity lead
Sales of Elite Access product helps firm stay ahead of Lincoln National, TIAA-CREF and AIG.
Can an adviser affiliated with an insurance company be fee only? Yes.
State rules on insurance affiliation complicate fee-only status for some CFPs.
Structured product annuities pose challenges for regulators
As Voya plans to be the fifth company offering these newfangled products, regulators still struggle to classify them
BlackRock raises equity allocation in target date funds
Changes to LifePath Index come as other providers also have sought to increase equity allocations after retirement.
Hartford Financial Services Group names a new CEO
Insurer Promotes CFO to replace previous CEO following a medical procedure related to a brain tumor.
Guaranteed features propel indexed-annuity sales
With low interest rates providing few fixed-income investment options, broker-dealers see these as a good choice for clients, with more growth potential than CDs.
Fixed-annuity sales rise even though rates are rock-bottom
Popular products promise guaranteed 2% interest – beating returns for certificates of deposit
Fixed annuity sales receiving added scrutiny from Finra
With broker-dealers selling a bigger share of indexed annuities, securities regulators are taking a closer look at policies and procedures around clients exchanging or giving up variable annuities in order to put those assets into products such as equity indexed annuities.
Account opening is No. 1 tech concern: Survey
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
Indexed annuities gain popularity while rates remain low
Indexed annuities, long the black sheep of retirement products, are enjoying a wave of popularity among financial advisers grappling with low interest rates.