A recent survey of nearly 1,600 U.S. adults found that nearly two-thirds of respondents are open to the idea of using algorithm-driven financial planning services, or “robo-advisers,” for managing investments but very few do so.
Browsing: Wealth Management
Keeping boomers as a key focus for customer engagement efforts should be a no brainer. What does that entail for banks?
Forty-four percent of homes have female breadwinners, and women make up a large and growing share of high earners, but wealth management providers don’t always tailor their advice and services to this reality.
ABA sent a letter to Senate Finance Committee leaders in support of the Enhancing Retirement Now Act, which would significantly improve retirement savings for Americans. “
In a letter following up on a recent meeting between ABA and the Securities and Exchange Commission, ABA called for greater clarity on Rule 17Ad-16, which relates to expectations for notice of assumption responsibilities of indenture trustees, in order to reduce unnecessary operational burden.
The proposed legislation includes a number of provisions that would facilitate the establishment and administration of retirement plans.
Banks gain trust when they deliver financial data directly into the hands of consumers.
ABA this week raised concerns about the Internal Revenue Service’s proposed required minimum distribution rule for retirement plans and IRAs, implementing Sections 114 and 401 of the bipartisan Secure Act of 2019.
According to a recent survey, around 80% of institutional investors believe that cryptocurrency investments are likely to overtake many traditional investment types and predict mainstream adoption.
Banks that retain more of their brokerage activity in-house but outsource functions such as trade execution or clearing to third parties will face bigger hurdles.