Digital strategies to show boomers they matter
Keeping boomers as a key focus for customer engagement efforts should be a no brainer. What does that entail for banks?
Browsing: Wealth management
Podcast: Wealth management strategies for serving high-earning women
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 to DOL: ERISA affords retirement savings sufficient protections from climate-related financial risk
In a comment letter responding to a Labor Department request for information, ABA said it is not necessary for the agency to take any regulatory action related to climate-related financial risk or other risks associated with climate change.
National Bankers Association partners on program to help close the racial wealth gap
The National Bankers Community Alliance, the nonprofit arm of the National Bankers Association, launched a financial wellness program to help minority communities close the racial wealth gap.
ABA requests withdrawal of DOL guidance on cryptocurrency investments
In a letter to the Department of Labor this week, ABA and several financial and retirement trade groups requested that the DOL withdraw regulatory guidance that intends to discourage plan investment options in cryptocurrencies and other digital assets.
Podcast: How donor-advised funds fit into bank strategy
Often described as “charitable savings accounts” or “charitable checkbooks,” donor-advised funds are one of the fastest-growing charitable vehicles. Evan Sparks talks about how banks of all sizes are building DAFs into their wealth management strategies.
The art of courting wealthy millennials
When it comes to their private banks, millennials are not happy.
SEC Staff Bulletin Addresses Standards of Conduct for Broker-Dealers, Investment Advisers
The Securities and Exchange Commission this week issued a staff bulletin of frequently asked questions and answers related to standards of conduct for broker-dealers and investment advisers when they are making account recommendations to retail investors.
Study: Millennials Opting for Will-Based Estate Plans
A recent study found that 75.1% of millennials are opting for will-based estate plans and 18.8% are using a trust-based estate plan.
Making Charity Part of Your Portfolio
Whether clients use them for charitable saving or spending, donor-advised funds are a growing part of banks’ wealth management product set.