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On this episode of the WealthManagement EDGE Podcast Nabia Jenkins-Johnston, senior convention producer at WealthManagement.com and Michelle Richter-Gordon, co-founder, Annuity Analysis and Consulting, discover fiduciary roles and regulatory definitions within the monetary world. They unveil the impression of misaligned titles, the place monetary and funding advisors differ, and the need for wealth administration. 

Particularly, they cowl:

• Fiduciary roles in monetary administration
• Variations between monetary and funding advisors
• The significance of wealth administration
• The importance of insurance coverage and annuities in retirement planning

Assets:

Join With Nabia Jenkins-Johnston:

Join With Michelle Richter-Gordon:

About Our Visitor:

As a co-founder of ARC, I’m hoping to guide by instance towards course of standardization in greatest practices for the monetary recommendation career.

 

I used to be born and bred to advise upon prudent threat mitigation and consider that America’s retirees could be better-served by integrating an income-oriented worldview into asset administration enterprise fashions. Since present regulatory requirements for advisory companies are most frequently billed by the lens of asset maximization, there is no such thing as a scalable framework to cost for mental property and advisory companies that decrease liabilities or clean revenue (the capabilities that insurance coverage performs).

 

Including annuities inside DC plans affords a possibility to innovate right here, underneath the steering of ERISA prudent course of requirements. I even have a profitable strategic consulting apply advising insurers and monetary companies corporations about how one can combine liability-minimizing companies that solely insurers can present.