Less Than Half of Americans Satisfied With Their Financial Advice
A TIAA Institute and MIT AgeLab survey finds consumers working with advisers are more satisfied with financial advice, underscoring the...
Data & Research
Workers Concerned About Retirement Savings, Want Support
Nearly half (49%) of Americans “strongly agree” or “agree” their retirement plan savings are the only significant emergency savings they...
Stress and Burnout Causing Lost Workplace Productivity
Workplaces prioritizing mental health see 13% higher productivity, employees are 2.3 times less likely to report feeling stressed, and there...
Traditional IRAs the Destination for Rollover Dollars, Roth IRAs Capture Conversions and Contributions
Thirty-one percent of households owned IRAs in 2022, according to a report from the Congressional Research Service. Among IRA-owning households,...
Caregiving Responsibilities Challenge Women’s Financial Health
Data from the Nationwide Advisor Authority study also highlights a significant gap between advisers’ confidence in their ability to serve...
Younger, Do-It-Yourself Investors Interested in Human Financial Advice
A J.D. Power study finds traditional wealth management firms may be missing out on attracting younger investors.
Americans Want Support With Tax-Smart Strategies
More than half of those aged at least 55do not understand strategies to make their retirement income more tax efficient,...
Access Gaps Remain as State-Facilitated Retirement Plans Near $2B
Nearly half (47%) of U.S. private sector workers still lack access to workplace retirement plans, according to Georgetown University’s Center...
Employees Take Action After Financial Wellness Engagement
Employees experiencing extreme financial stress saw a 60% reduction after engaging with Finfit’s financial wellness tools.
Finances a Top Source of Stress for Most Women
With uncertainty and financial anxiety on the rise, there is much opportunity for advisers to help women reach financial goals.
Milken Institute Research Explores Federal Accounts for Newborns
The “Invest in America” accounts would provide all U.S. children with a federal government-funded $1,000 grant to be invested and...
The Importance of Leveraging Technology to Improve Financial Wellness
Although 94% of employers reported in a recent survey that they are responsible for their employees’ financial well-being, only 57%...
Gen Z Total Income Reaches $1.1T
Those age 16 to 26 are cautious with money: 52% of those working say they save at least one-quarter of...
Americans Plan to Increase Savings Amid Concerns About Affordability
Nearly seven in 10 mass affluent respondents (an income level at or above $90,000 annually) plan to increase their savings...
Vanguard Credits Strong Plan Design and Markets for Improved Account Balances
With more defined contribution retirement plans offering automatic features and increasing default deferral rates, Vanguard found that participant outcomes remained...
Many Plan Sponsors Don’t Feel Responsibility for Participant Retirement Goals
MFS found that plan sponsors earned a C+ grade for their confidence in their participants’ ability to retire at the...
Public Pension Plans Reach 5-Year High of 83.1% Funded
The funds returned 9.47% in fiscal 2024, according to a National Conference of Public Employees Retirement System study.
Adviser Industry Faces Significant Shortage, per McKinsey Report
Growing demand for financial services is expected to require as many as 110,000 new advisers in the next nine years.
Lower Fees Could Drive Greater Managed Account Adoption Among Plan Sponsors
A new survey finds that cost remains a key barrier to managed account adoption, but 70% of plan sponsors would...
Public Sector Employees More Likely to Stick with Default Retirement Investments
A new report from MissionSquare revealed how demographic and economic factors influence investment decisions.