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Wola Odeniran

Personal Finance Expert

Posts by Wola Odeniran:

by Wola Odeniran Sep 28, 2022

Attention, financial advisors: your next job opportunity in the finance industry could take on a new twist beyond work at a traditional advisory firm. Positions are increasingly available at banks and trust departments as executives look to expand their roster of in-house advisors and explore merger and acquisition opportunities with advisor firms to broaden their offerings, according to “The Cerulli Report—U.S. Private Banks & Trust Companies 2022.” Why is this happening, and what does it mean for financial advisors? We’ll unpack the report below. A financial advisor could help you create a financial plan to protect your investments and identify new opportunities to make money. Read more

by Wola Odeniran Sep 16, 2022

It’s not often that financial giants such as Fidelity, Charles Schwab and Citadel Securities come together to form a financial entity. But the three heavyweights did just that as they teamed up to launch a new cryptocurrency exchange called EDX Markets. Let’s break down how this new platform will work and what it could offer you as a crypto investor. A financial advisor could help you add crypto investments to your portfolio and safeguard against risks. Read more

by Wola Odeniran Sep 16, 2022

Looking for qualified financial advisors is easier in today’s world than it has been in the past. Of course, you still have to vet candidates to make sure that you are getting the right guidance for your financial needs. Many individuals and companies call themselves financial advisors, but only those with relevant credentials can demonstrate proven experience. Here’s what you need to know. If you’re looking for a fiduciary financial advisor, SmartAsset’s free matching tool can connect you with up to three candidates who serve your area. Read more

by Wola Odeniran Sep 06, 2022

When it comes to mutual funds and their benchmarks, looks can be deceiving. A new research paper reveals how mutual fund managers may change their benchmarks to manipulate performance metrics. Here’s… Read more

by Wola Odeniran Aug 29, 2022

Retired Americans are feeling the pressure of returning to work due to rising prices and the COVID-19 pandemic. But reentering the workforce while earning Social Security benefits could have… Read more

by Wola Odeniran Aug 25, 2022

The AgingWell Hub at Georgetown University recently released a study that helps readers imagine how different retirement journeys might look. The idea is that there is “no normal” retirement and that… Read more

by Wola Odeniran Aug 23, 2022

Periodically increasing the amount you put toward retirement can help improve the chances that you’ll have enough retirement income later in life. Vanguard recently released data that analyzes… Read more

by Wola Odeniran Aug 19, 2022

Investors with individual retirement accounts (IRAs) are selecting low-cost mutual fund options. The Investment Company Institute (ICI) says 45% of individual retirement account assets are held in… Read more

by Wola Odeniran Aug 12, 2022

While the markets reflect worry about a possible recession, Vanguard says that bonds could offer long-term investors opportunities to make money with yields above inflation. Furthermore, the… Read more

by Wola Odeniran Aug 12, 2022

The Financial Planning Association (FPA) announced that it will lead a multiyear advocacy effort to get legal recognition for the term “financial planner.” This organization is a top membership and… Read more

by Wola Odeniran Aug 11, 2022

The Securities and Exchange Commission (SEC) has issued new guidance for brokers, firms and financial professionals to avoid conflicts of interest with clients. The staff bulletin aims to help firms… Read more

by Wola Odeniran Aug 05, 2022

Democrat senators sent a letter to Fidelity Investments questioning why the company would allow its 401(k) participants to be exposed to Bitcoin. Legislators called the crypto investment a “volatile,… Read more

by Wola Odeniran Aug 01, 2022

LIMRA announced that annuity sales have increased 22% to $77.5 billion in the second quarter. This marks the highest quarterly sales ever recorded since the not-for-profit trade association began… Read more

by Wola Odeniran Jul 22, 2022

New research from T. Rowe Price shows that your level of financial stress can connect with your financial wellness. In fact, retirement plan participants who report stress related to debt are saving… Read more

by Wola Odeniran Jul 15, 2022

Retirees are confused about enrolling in Medicare, according to a 2022 survey from Sage Growth Partners and Healthpilot. Notably, 33% of respondents have a financial advisor, but only 2% use that… Read more

by Wola Odeniran Jul 13, 2022

The Government Accountability Office (GAO) has called on the Securities and Exchange Commission (SEC) to make oversight changes to the Financial Industry Regulatory Authority (FINRA), which writes… Read more

by Wola Odeniran Jul 11, 2022

Many employees roll over their 401(k) plans into individual retirement accounts (IRAs) when they leave their jobs to avoid immediate taxes and continue growing their retirement savings. But a new… Read more

by Wola Odeniran Jul 08, 2022

Over the last 30 years, the U.S. has steadily increased its national debt from $4 trillion to $28.43 trillion through December 2021, according to government data. And it crossed the $30 trillion mark… Read more

by Wola Odeniran Jun 29, 2022

A new study by the financial services company Allianz says that a higher percentage of Americans working with financial advisors buy products that provide guaranteed sources of retirement income.… Read more

by Wola Odeniran Jun 28, 2022

Financial advisors are moving their talent south. A new report by the Investment Adviser Association (IAA) and National Regulatory Services (NRS) shows that financial advisors have moved away from… Read more

by Wola Odeniran Jun 24, 2022

Past economic downturns have shown that we may already be in a recession even before economists can officially tell us. A stock market drop could be an early indicator of a recession. But don’t rush… Read more

by Wola Odeniran Jun 23, 2022

U.S. Sens. Tim Scott (R-SC) and Sherrod Brown (D-OH) introduced a new bill called the Advancing Auto-Portability Act of 2022, which aims to allow employees with 401(k)s to automatically roll over… Read more

by Wola Odeniran Jun 17, 2022

Charles Schwab has agreed to pay $187 million to settle an investigation by the Securities and Exchange Commission (SEC) that alleged hidden fees were charged by the firm’s robo-advisor product… Read more

by Wola Odeniran Jun 07, 2022

Fidelity has expanded its product lineup by introducing a new environmental, social and governance (ESG) fund, which is called Fidelity Healthy Future Fund (FAPHX). FAPHX is an actively managed… Read more

by Wola Odeniran Jun 02, 2022

Consumers say that retirement income planning is their top priority when seeking advice from a financial advisor. And according to 2022 research by The American College of Financial Services, seven… Read more