Journal of Financial Planning: September 2021
58…Percent of investment management firms cite cost containment initiatives as the main factor hindering regulatory and supervisory compliance. (Deloitte)
60…Percent of insurance firms cite security considerations as the main factor hindering regulatory and supervisory compliance. (Deloitte)
$1.5 trillion…Currently invested in target-date funds. (U.S. Senate Committee on Health, Education, Labor, and Pensions)
Feb. 16, 2021…Is when the Department of Labor Rule 3.0 went into effect. (Eversheds Sutherland)
Dec. 20, 2021…Is when the Department of Labor’s temporary enforcement policy is set to expire. (Eversheds Sutherland)
$57 million…Fines imposed on firms by FINRA in 2020. (FINRA)
970…Fraud and insider trading cases referred for prosecution in 2020. (FINRA)
79.7 billion…Market events processed every day in 2020 by FINRA. (FINRA)
30…Percent of Americans have a paid financial adviser. (MagnifyMoney)
95…Percent of Americans with a financial adviser say it is worth it. (MagnifyMoney)
42…Percent of Americans think financial advisers are only for wealthy people. (MagnifyMoney)
25…Percent of Americans think you don’t need a financial adviser until you’re middle-aged. (MagnifyMoney)
45…Percent of those without a paid financial adviser think that they cost too much. (MagnifyMoney)
24…Percent of those in Gen X have a financial adviser. (MagnifyMoney)
