Study after study has demonstrated Baby Boomers’ lack of preparedness and confidence in their retirement savings, and Ameriprise Financial Inc. has attempted to uncover the causes.
The financial services industry has to do a better job of helping people meet retirement goals, said Laurence Fink, chairman and chief executive of BlackRock.
Terminations, retirements and those exiting the industry by choice have all taken their toll on the adviser headcount, which slipped 1.4% in the past year.
Independent broker/dealers and RIAs continued outpacing wirehouse firms in long-term mutual fund asset growth in the first quarter, according to Access Data and Strategic Insight.
A recent Deloitte survey found employee retirement readiness continues to be a top priority among more than three-quarters (78%) of 401(k) plan sponsors.