Private Advisor Group Strengthens Executive Team; Enhances Focus on Continued Growth and Value
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MORRISTOWN, N.J., Jan. 26, 2021 /PRNewswire/ Private Advisor Group ( PAG ), one of the largest and fastest-growing independent wealth management firms in the country , today announces the appointment of two new executives to support the company s rapidly growing footprint with independent advisors and individual investors across the United States. Effective immediately, Petra Barone is promoted to the role of Chief Financial Officer, and Frank Smith joins PAG in a newly created position as Head of Advisor Growth. Both executives report directly to Chief Executive Officer RJ Moore.
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January 13, 2021 11:43 AM David Rodeck - Forbes Advisor
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January 15, 2021 10:24 AM
When you retire, one of the greatest challenges is making sure you don’t outlive your money. With a single premium immediate annuity (SPIA), you can turn some of your savings into a stream of guaranteed payments that can last for your entire life. This can make SPIAs valuable retirement tools, but they’re not perfect for everyone. Here’s how to decide if a SPIA is right for you and your retirement plan.
What Is a SPIA?
A SPIA is a type of immediate annuity funded with a single, large deposit. Income payments begin within a year of your signing the contract. These payments can last a set amount of time or be guaranteed for your entire life.