Posts by peladmin

New Ways to Get New Clients

One of the biggest challenges at any financial advisory practice is how to get new prospects and increase business in order to grow your firm. We came across this article that goes into depth about what not to do, what to do, and then proposes 10 new, or underutilized, strategies you can use. You’ll find the full article here: Investopedia Here is our take and breakdown on the ideas that author Dan Moskowitz discusses. +++ What all advisors should be doing: Moskowitz points out some good reminders that apply to everyone in business. For instance, make sure you are dedicating
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Categories: Blog Posts.

Planning for College Has Never Been More Important

These days, paying for a college education is one of the biggest outlays a family will make, after their home mortgage. With school back in session, this is a great time to remind your clients to plan for college for their children and grandchildren—and the sooner, the better. Because many parents are sacrificing their own retirement to pay college costs, this recent segment on CNBC encourages parents to start planning when kids are toddlers: “In retirement, there are no options if you don’t save for yourself first.” Here are some facts you can share with your clients: The cost of
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Categories: Blog Posts.

“7 Steps to Get Out of Debt” Whitepaper Available

As part of our ongoing support of our financial advisor partners, we continue to develop a deeper pool of original content and resources designed to help advisors with their consumer clients. Recently we finished “7 Steps to Get Out of Debt”, available as a customizable PDF (front and back, 8-1/2×11). Call us at 800.440.1088 to learn more about how we create customized materials like these for you to share with your clients. The “7 Steps to Get out of Debt” whitepaper includes detailed instructions about how your clients (or their children) can go about getting themselves above water in terms
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Categories: Blog Posts.

Helpful Resources for the Department of Labor (DOL) Ruling

As part of Shurwest’s mission, we have assembled links to educational resources regarding the Department of Labor’s final fiduciary rule. These links are provided solely to keep information flowing to our advisors. The financial industry is still endeavoring to understand and comply with the DOL rule, and this information should not be construed as legal advice of any kind. The DOL Rule is on a “phased-implementation” schedule ending January 1, 2018. ….. The “DOL Fiduciary Rule FAQ for Advisors” is a robust, frequently-asked-questions section about the DOL rule developed specifically for advisors and placed by the Insured Retirement Institute on their
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Categories: Blog Posts.

Facts about Retirement from Shurwest. Topic: Pensions.

The shift from our rural, agrarian economy to a full-fledged Industrial Revolution began in the mid-1800s and was accelerating rapidly by the turn of the 20th century in the United States. In the beginning of our nation’s history, homesteaders or farmers might make money or barter when they produced more than they consumed. Retirement wasn’t an option…or even a concept. Most people worked the land their entire lives and had large families with lots of children to help out. With increasing populations flocking to cities to work for companies and factories—usually for one company their entire life—compensation and retirement became
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Categories: Blog Posts.

Award-winning FIA Available through Shurwest

Shurwest is proud to be one of the few IMOs in the U.S. that gives our financial-advisor partners access to the award-winning fixed indexed annuities (FIA)s available through Annexus. Yet another award was handed out May 20, 2016. This one to J.P. Morgan for “Deal of the Year” at the Structured Products Americas Awards. The J.P. Morgan MOZAIC℠ Index (USD) offers the opportunity for FIA growth using a diverse group of global asset classes and a monthly rebalancing process to help reduce risk, and leverage positive momentum. Read the complete story here:  finance.yahoo.com More about Annexus Founded in 2006, Annexus has
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Categories: Blog Posts and News.

Baby Boomers and Retirement Readiness

Every year the Insurance Retirement Institute (IRI) polls American baby boomers on their views on retirement. The findings are always eye-opening and may help you support your suggestions during client conversations. To read the full study, which polled 803 adults age 52 to 68, see the link below. What we learned: Boomers are increasingly pessimistic, as these gloomy 2015 results show. For instance, economic life satisfaction dropped precipitously, especially among retirees. Many report struggling with retirement and financial issues: Only 60% of boomers have saved money for retirement, down sharply from prior years when as many as 80% had retirement
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Categories: Blog Posts.

Financial Independence Day

The month of July starts off with a literal bang on the 4th when we celebrate Independence Day as a nation. Being independent is defined as “being free from the control, influence, support or aid of others.” The definition of financial independence generally describes “the state of having sufficient wealth and income to pay for necessities, without actually having to work.” But different people have different ideas about what is sufficient in terms of wealth, and what are necessary expenses versus lifestyle choices. To help your clients create financial independence, one of the first things you may do is find
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Categories: Blog Posts.