ProEquities Launches Financial Advisor Apprenticeship Program
ProEquities, an independent RIA and broker-dealer, has launched GEN Next Academy, a proprietary apprenticeship program for new advisors seeking experience.
The program helps advisors new to the industry join an established office, while providing senior advisors with assistants they can train and mentor to support them.
GEN Next Academy apprentices receive access to study groups, peer networking and curriculum-based educational opportunities. They also gain access to professional coaching and discounted rates for CFP certification classes.
The program also helps its mentors by creating succession planning opportunities for training advisors to continue their working relationships with the apprentices when the program is completed.
To qualify as a mentor for the program, GEN Next Academy advisors must have a clean compliance record and a securities license.
ProEquities is a wholly owned subsidiary of Protective Life Corporation, a financial service holding company headquartered in Birmingham, Ala.
John Hancock Introduces New Retirement Planner Tool
John Hancock, a Boston-based insurance giant, has introduced a new digital tool to help individuals measure their retirement readiness and model the impact of taking different steps to improve it.
By visiting the newly redesigned John Hancock participant website, future retirees can gauge how prepared they are to live on a fixed income. The retirement planner can generate a comprehensive, personalized action plan with steps that will help them get on track to better spending habits.
Participants can adjust and model several variables in the retirement planner, such as when and where they plan to retire, their health status, lifestyle and outside savings, to see how different inputs can impact their retirement outcomes.
Saturday Releases LTC Insurance Assessment Tool
Saturday Insurance, an online independent insurance agency based in Mahwah, N.J., has created a long-term care insurance assessment tool to help families better understand the costs of long-term care, how insurance works to cover those expenses and how to plan for them.
To use the Saturday LTC Assessment tool, located at www.saturdayinsurance.com/long-term-care/insurance-assessment, families provide their loved one’s age, gender, marital status, and state of residence. Using that data, the assessment tool presents long-term-care costs in the area, as well as an estimated cost to care for their loved ones over their lifetimes.
Care costs are based on 2019 data from Lincoln Financial, which provides detailed costs for a range of care options in the U.S.
Founded in 2019, Saturday Insurance offers life insurance, disability insurance, income annuities and long-term care insurance directly to consumers throughout the United States.
LPL Now Offering Business Value Assurance Program
LPL Financial, the nation’s largest independent broker-dealer, has introduced a succession plan that protects the value of an advisor’s business if he or she dies, becomes disabled or must otherwise leave the business unexpectedly.
LPL’s Assurance Plan provides a guaranteed, predetermined minimum purchase price based on a multiple of the advisor’s recurring revenue. LPL can also facilitate the sale of the advisor’s business to another qualified LPL advisor, commission-free, providing any additional proceeds above the guaranteed amount to the advisor or their family.
Ocrolus Launches PPP Loan Forgiveness Solution With Audit Trail
Ocrolus Inc., a New York City-based financial technology company, has released an addition to its namesake product that allows lenders to convert Paycheck Protection Program loans from the Small Business Administration into forgivable grants.
After the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES) in March, lenders used the Ocrolus cloud-based solution to process over 500,000 PPP loan origination applications by capturing and digitizing payroll reports, bank statements, tax forms and other documents used to substantiate and calculate PPP loan requests.
Those loans are now becoming eligible for conversion to forgivable grants. With the Ocrolus PPP loan forgiveness solution, originating lenders can just as easily and efficiently produce a PPP compliance report, providing loan officers with an at-a-glance snapshot of supporting documentation.
Buckingham Wealth Launches Covid-19 Q&A Website
Buckingham Wealth Partners, a comprehensive wealth management platform headquartered in St. Louis, has responded to client concerns about the Covid-19 pandemic by launching AskBuckingham.com, a question-and-answer website with a responsive video podcast series helmed by a team of the firm’s experts.
At AskBuckingham.com, individuals can submit questions and receive timely responses in video podcast format. Host Tim Maurer, Buckingham’s director of advisor development, leads a panel of experts.