Author: BostonNewsletter.com Est. 1704
Massachusetts Mutual Life Insurance Co. agreed to have Nationwide Mutual Insurance Co. reinsure a book of life insurance policies, freeing up about $6 billion of reserves. Source link
Raymond James, already the top destination for advisor teams departing Commonwealth Financial Network, notched another big recruiting win with a New Hampshire group managing nearly $3 billion in client assets.Processing ContentFinancial Strategies Retirement Partners is joining Raymond James Financial Services, the firm’s channel for advisors working as independent contractors, in Bedford, New Hampshire. The 24-person team had previously managed roughly $2.8 billion in client assets at Commonwealth Financial Network, which was bought last year by LPL Financial.Among LPL’s rival firms, Raymond James has seen the greatest success in recruiting Commonwealth advisors left unsettled by the purchase of their firm. It…
LPL Financial plans to migrate recently acquired Commonwealth Financial Network advisors off Advisor360°, the technology workstation originally developed inside Commonwealth and spun out as its own company in 2019. Those advisors will move to LPL’s platform, ClientWorks. Commonwealth’s current contract with Advisor360° effectively ends on Monday, according to regulatory disclosures, the date beyond which LPL has “no commitment or obligation to continue in effect the Advisor360 Contract,” though it may adjust terms to complete the transition. The firm doesn’t plan to work with Advisor360° after the conversion. An LPL spokesperson said the firm has been working with Advisor360° on the transition…
(Image credit: Getty Images)Expecting an inheritance and think that means you don’t have to save for retirement? Think again. You don’t know for sure the timing or size of your windfall, or if you’ll receive one at all.Sure, the stock markets are sitting on record highs, and baby boomers hold $68 to $84 trillion in wealth they intend to pass down in what is known as the Great Wealth Transfer. But they are also living longer and spending more, which reduces the amount left for heirs.”It’s taking longer before our clients are receiving an inheritance,” says Sarah Wotherspoon, managing director…
Democratic Colorado Gov. Jared Polis faces new criticism after a photo from an internal party call was shared on X. Polis recently granted clemency to former Republican Mesa County election clerk Tina Peters, reducing her original nine-year prison sentence for a 2021 security breach involving election voting machines. After the Colorado Democratic Party responded by censuring him on May 20, Polis appeared to take a Democratic Party call with his mouth duct-taped, according to a Wednesday X post by the Colorado Sun’s Jesse Aaron Paul. “Gov. Jared Polis, fresh off being censured by the Colorado Democratic Party for letting Tina…
Critics are raving about Steven Spielberg’s new sci-fi film “Disclosure Day,” which is set to hit theaters June 12. Some are calling it his “best film in 20 years.”But because the film coincides with the government’s declassification of UFO-related files, conspiracy theories are buzzing.One popular theory posits that “Disclosure Day” is being deliberately hyped to generate more viewership because the film is secretly designed to prepare the public for real alien/UFO disclosure.While Glenn Beck acknowledges the suspicious circumstances surrounding the film — the globally famous Spielberg coming out of retirement with a movie about disclosure right when the government is…
Mr. Rivera’s niece, Dina Carolina Fagoth Rivera, said by telephone that her family and Indigenous communities wanted to bury him in his native region, the northern Caribbean coast of Nicaragua. She also insisted on an independent investigation of his death.“We do not, for one moment, think that any of what they’re telling us is true,” said Ms. Fagoth Rivera, whose father, Steadman Fagoth Müller, a fellow Miskito leader, was detained by the Nicaraguan government in 2024.She added about her uncle, “He was a light for our people. He meant freedom for our people.”Reed Brody, a member of the United Nations…
Virginia wrote off roughly $300 million in unemployment overpayments while recovering about $6 million over nine quarters, according to a new state audit of the Virginia Employment Commission. The audit from the Office of the State Inspector General analyzed recovery reports from July 2023 through September 2025 and found Virginia ranked 48th out of 50 states in overall recovery rate according to U.S. Department of Labor data. Auditors said employment commission met the federal benchmark recovery rate in only three of the previous 12 quarters. The inspector general estimated roughly $184 million in overpayment claims may still be recoverable, including…
(Background) US ambassador to Turkey and special envoy for Syria Tom Barrack speaks during a joint press conference following his meeting with Lebanon’s president at the Presidential Palace in Baabda on August 18, 2025. (Photo by ANWAR AMRO/AFP via Getty Images) / (Insert) US President Donald Trump speaks during the National Memorial Day Observance at the Memorial Amphitheatre in Arlington National Cemetery in Arlington, Virginia on May 25, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images) OAN Staff Addie Davis3:00 PM – Sunday, May 31, 2026 United States Ambassador to Turkey Tom Barrack is gaining an expanded role in…
Two advocacy groups plan to provide “free period underwear” to participants during a “Trans Period Pride” event at the Boston Public Library next month. The June 17 event is being hosted by Massachusetts National Organization for Women (Mass NOW) and the Massachusetts Transgender Political Coalition (MA TPC) with support from the mayor’s Office of LGBTQ Advancement, Mass NOW posted Wednesday. “Mass NOW and @masstpc are bringing to the Boston Public Library (@bplboston) another consciousness raising conversation around transgender experiences with menstruation,” the Instagram post stated. The Mass NOW, MA TPC, Boston Public Library, and Boston mayor’s office did not immediately…