Advisors are increasingly embracing comprehensive financial planning to compete with robo-advisors that offer low fees but typically only provide portfolio management services. So reports Investor’s Business Daily.
New research by Personal Capital has found that 70% of millennial parents are willing to prioritize saving for a children’s education over saving for retirement, which is a big mistake, according to numerous financial planners. So reports CNBC.
Republican Rep. Ann Wagner of Missouri has introduced legislation that would create a new standard for advisors that would fall somewhat between fiduciary and suitability requirements. So reports InsuranceNewsNet.
The Internal Revenue Service has streamlined rules to simplify taking emergency loans and hardship withdrawals from 401(k)s and similar employer-sponsored retirement plans for victims of Hurricane Irma. So reports AccountingToday.