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The Daily Brief

What Should David Ortiz Do Next?

John Hancock taps David Ortiz for retirement ad campaign, Tim Duncan's financial advisor pleads guilty and a study finds happy investors have "good" financial advisors.

Boston-based John Hancock has tapped David “Big Papi” Ortiz, the former Red Sox slugger, to be the face of its latest advertising campaign called “Retirement Rookie.” The ad calls on fans to help Ortiz decide what to do now that he’s retired after 20 years of playing baseball. "Now that I'm retired I've got more time on my hands and my friends at John Hancock are helping me figure out my plan for the future," said Ortiz. "You don't need to be a famous baseball player to have the kind of retirement you want. If you plan right, you can do anything." In the ad, Ortiz asks fans to submit their ideas (via Instagram, Facebook and Twitter) on what he should do, using the hashtag #RetirementRookie. He’ll choose some of their ideas and make videos from them.

Tim Duncan's Ex-Financial Advisor Pleads Guilty to Fraud

Copyright Christian Petersen, Getty Images

The former financial advisor of former NBA superstar Tim Duncan pleaded guilty to a charge of wire fraud on Monday, reports. Charles A. Banks IV was accused of defrauding Duncan of millions of dollars in an investment deal gone sour. Duncan claims to have lost more than $20 million on investments with Banks, who he met during his rookie year in the NBA. Banks still faces civil claims regarding many of those investments as well as similar charges by the SEC in Atlanta. He could be sentenced to up to 20 years in prison.

Good Advisors Create Confident Investors

Investors with a good financial advisor tend to feel more confident with their finances and have greater overall satisfaction in life, according to a study by Guardian Life Insurance. Nearly three-quarters of consumers ranked as “the most financially confident” indicated they were “very satisfied” with their advisor as opposed to just 40 percent of less confident people. So what makes a good advisor? The Guardian study found that it’s a lot more than just financial guidance and education. Advisors who earned the highest satisfaction from clients consistently demonstrated good listening skills, trustworthiness, and integrity.

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