This week's edition features compliance officers who have crossed the line, an advisor fined and suspended for his use of YouTube, a piece on why the U.S. long-term care industry is crumbling, and more. We'd love to hear your thoughts in the comment section below.
Compliance officers behaving badly
"Even officials on the front lines of catching wrongdoing at broker-dealer and advisory firms can be guilty of wrongdoing themselves."
1 in 600 may be owed unclaimed life insurance money
" According to a recent study in Consumer Reports, there's a one-in-600 chance that you're owed unclaimed life insurance money. Those are better odds than winning $100 on a Powerball ticket."
Bad behavior persists in 401(k) accounts
"Yes, stocks have been on a real tear lately, but guess who hasn't been along for the ride: The millions of 401(k) investors who "moved to safety" after the 2008-2009 market and never felt comfortable enough to move back to stocks."
For female clients, focus on family
(Bank Investment Consultant)
"'The No. 1 thing women say about financial advisors -- most of whom are male -- is that they talk through them, and minimize their concerns,' says Kimberly Foss, now founder and president of Empyrion Wealth Management in Roseville, Calif."
5 smart insights for financial advisors
YouTube annuities videos lead to fine and suspension
"In reality, whole sections of online regulatory activity may just as well be captioned with the warning 'Thar Be Monsters,' given the lack of intelligible guidance."
Don't let retirement planning make your palms sweat
"Nearly three-quarters of Americans find thinking about retirement saving and investing to be a source of stress and anxiety, according to the 2013 Franklin Templeton Retirement Income Strategies and Expectations (RISE) survey released earlier this month."
Expense and emotions in preparing for long-term care
(New York Times)
"The emotional impact of witnessing the decline of a family member or helping to care for one is often the reason people seek coverage for long-term care, people who work in the aging field say. "
Policy experts agree: The US system for financing long-term care is crumbling
"America’s system for financing long-term care is failing, and the window for creating a payment system that works is rapidly closing. That was the conclusion of a morning-long expert session sponsored last week by the SCAN Foundation."
Deflating the hype about hybrid annuities
"The word “hybrid” is being embraced by annuity agents nationwide to describe an annuity as the best thing since sliced bread. What's with all the hybrid hype?"
Disability insurance: the 60% myth
"When discussing disability insurance, particularly as it refers to highly-compensated employees and professionals, there appears to be a distinct lack of understanding of the mechanics of disability income insurance coverage."