Learnvest-Northwestern deal bodes well for fin tech firms, robos, but it's uncertain whether the financial planning service can maintain its indie culture.
The insurer will acquire LearnVest for an undisclosed amount, with LearnVest saying its platform will maintain its brand identity and business relationships.
About 30,000 current and former annuity owners claim company failed to pay proper dividends on contracts sold 30 years ago.
Northwestern Mutual , the nation's 7th largest independent broker-dealer by total-revenue, announced Wednesday it has hired more than 1,100 financial representatives so far this year, and nearly 3,000 financial representative interns.
Findings released May 7 from Northwestern Mutual ’s 2013 Planning and Progress study show 56% of respondents said they felt financially prepared to live to age 75.
This goal comes on the heels of the life insurance firm’s 2012 recruiting of 5,000 financial professionals.
"We have found that people in Gen Y not only said they are highly disciplined, they really are more highly disciplined than people in older generations," Bill Taylor, vice president of financial planning at Northwestern Mutual , said in an interview. "It might be because they've seen their parents ...
Consumers are prioritizing long-term planning over short-term financial concerns, a study released Tuesday by Northwestern Mutual found.
The survey, by Northwestern Mutual , found that three quarters of people prioritize long-term planning over short-term performance, and one-third said "slow and steady wins the race" best describes their approach to future financial goals.