Those working in business and finance industries rarely put in official time outside the conventional work hours, according to NPR’s interactive graph that utilizes data from the American Time Use Survey to track how people spend their days. The data shows the financial and business industries have one of the highest concentrations of employees working between 9 a.m. and 5 p.m., with a significant portion taking the lunch hour very seriously. But late-night emails and client dinners typically aren’t counted, so while the data shows a good work-life balance, employees continue to say otherwise.
Research from Hartford Funds found the main cause driving investors to work with an advisor was their ability to craft a smart retirement plan. However, only half of the 500 investors surveyed said their advisor talked enough about life after retirement, and 20 percent said their advisor didn’t talk about it at all. John Diehl, the senior vice president of strategic markets at Hartford Funds, said advisors need to find ways to make these conversations happen, as it’s key to setting the right goals and motivating clients to reach them.
This study will restore your faith in the idea of “family.” According to Pew Research Center, more Americans are providing personal and financial care to aging parents, often at the same time they are assisting their adult children. The report noted that three in 10 Americans with an older parent said they provided them with financial help in the last year. Nearly 60 percent said they assisted with personal care or daily tasks during that time as well. Among those providing assistance to parents 65 and older, 90 percent said that it was more rewarding than stressful. As a comparison, groups from Italy and Germany were also part of the research. "When it comes to who should be primarily responsible for people's financial well-being in their old age, Italians and Germans point to the government, while Americans say families or individuals themselves should be mostly responsible," said Juliana Menasce Horowitz, a co-author of the study.
In an effort to boost diversity in its ranks, Voya Financial has created a new position, vice president of diversity and inclusion, and tapped Elizabeth Derby for the role. Derby will be responsible for the development and implementation of the company’s diversity strategies. She’ll report to Executive Vice President and Chief Human Resources Officer Kevin Silva. Most recently, Derby was leading the diversity initiatives at RBC Capital Markets.