Plumbing Pipe Advocate Appeals to Larger Metro Area Plumbing Contractors to Focus a Portion of Their Business to Repipes of Existing Single-Family Homes-Most New Homeowners Are Clueless About Plumbing Pipe Lifespans
WASHINGTON, Sept. 22, 2020 /PRNewswire/ -- The Plumbing Pipe Advocate is urging large metro area highly regarded residential plumbing contractors nationwide to focus a portion of their business on repipes for existing single-family homes-because there is a desperate need for this service. Most single-family homes in the United States are over 30 years old and many of these homes need their entire plumbing system replaced. When the Advocate talks to homeowners-they are frequently stunned to learn the 40+ year old galvanized pipe in their home is at the end of its lifespan. They also frequently have the same conversation with homeowners who are stunned to learn their home's 60 year-old-copper pipe is also at the end of its life. What most homeowners do not realize is a repipe of their home will probably cost under $10,000-including wall repairs. The group believes residential home repipe-plumbing system restoration is a potential multi-billion-dollar a year business nationwide.
Canadians with experience of mental health issues more likely to view it as disability
RBC Insurance poll finds attitudes more likely to shift with personal exposure
Blockchange Brings Digital Assets to The Wealth Engineering Family of Companies
SAN FRANCISCO, Sept 22, 2020 /PRNewswire/ -- Blockchange Inc. has been selected by The Wealth Engineering Family of Companies (WE) as the preferred Digital Asset Management Platform for their network of over 2,100 wealth advisory firms.
The pandemic has Americans more worried about their family's health and financial stability - and often, it's negatively impacting their wellbeing
COLUMBUS, Ohio, Sept. 22, 2020 /PRNewswire/ -- Social isolation resulting from the pandemic has impacted some Americans' mental (45%) and physical (40%) health, with many worrying more now about their family's health (74%) and financial stability (62%) than they did before. Millennials and Gen Xers are more likely than Boomers+ to feel these impacts, saying they worry more now about their financial stability (71% and 69% vs. 52%), their health (68% and 67% vs. 60%) and death (54% and 53% vs. 38%). A new Nationwide Retirement Institute® survey conducted by The Harris Poll in May 2020 reveals over half of Millennials (52%) and Gen Xers (57%) have had certain aspects of their health and/or finances directly impacted by the pandemic, compared to 37% of Boomers+. In addition, nearly 2 in 5 Millennials (39%) and Gen Xers (37%) say COVID-19 has already impacted their retirement plans, compared to 1 in 5 Boomers+ (19%). "Health care costs have long been a stressful topic for Americans, and even more so during the COVID-19 pandemic," said Kristi Rodriguez, leader of the Nationwide Retirement Institute. "In fact, nearly three in four Americans across all generations worry even more now about their family's health than they did before the pandemic. And all too often, that stress can impact their physical health as well as their mental health." Much of this concern, particularly for Millennials and Gen Xers may be connected to the costs associated with health care, given nearly half report their financial health has been negatively impacted by health care costs (46% and 44% vs. 22% of Boomers+). A surprise health scare could also trigger a worse financial situation, since over a quarter of Americans (27%) say they wouldn't be able to pay off an unexpected $5,000 out-of-pocket medical bill today. The uncertainty of health care costs in retirement also worries all generations, but especially Gen Xers, with a majority saying one of their top fears in retirement is their health care costs getting out of control (81% Gen Xers vs. 74% Millennials and 71% Boomers+). Most Americans, again especially Gen Xers but also Millennials, are also terrified of what health care costs may do to their retirement plans (70% Millennials, 77% Gen Xers vs. 58% Boomers+), as well as terrified of what a global health care crisis (such as COVID-19) may do to their retirement plans (73% Millennials, 81% Gen Xers vs. 62% Boomers+). The stress of health care costs could also be worsening younger Americans' wellness, with 53% of Millennials and 42% of Gen Xers saying some aspect of their life has been negatively affected by financial stress. And about half of Millennials and Gen Xers say social isolation during the pandemic has had a negative impact on their mental (55% and 53%) or physical health (50% and 47%), compared to a third or fewer Boomers+ (33% and 28% respectively). Lack of prioritizing preventative care While younger generations are more likely to report wanting to do more to prioritize their health (83% Millennials and 85% Gen Xers, compared to 72% Boomers+), they are less likely to have taken the steps to address their health concerns through preventative care. While Millennials and Gen Xers are aware of the benefits these actions can have –most agree that years from now, they'll say they wish they would have taken better care of their health (67% Millennials, 68% Gen Xers vs. 54% Boomers+) – they are not taking steps to address these concerns. Younger generations are less likely to have received certain preventative care services such as physical or well-checks, preventative screenings, or flu shots or other immunizations in the past year (64% Millennials, 79% Gen Xers, 89% Boomers+) Half of Millennials (52%) and Gen Xers (51%) have done something to save on medical related expenses, most commonly altering a medication regimen (32% and 32%) or delaying or skipping care (30% and 31%) 43% of Millennials and 49% of Gen Xers who haven't received preventative care say they don't know why they haven'tRelying on financial professionals More than a quarter of Americans (30%) say COVID-19 has impacted their retirement or their retirement plans. Most of those who have financial professionals say they are relying on them more than ever due to COVID-19 (Millennials 79%, Gen Xers 70%, Boomers+ 52%) and about one in four Millennials (30%) and Gen Xers (24%) who don't have a financial professional say they plan to engage one due to COVID-19. As the role of financial professionals evolves amid COVID-19, it is crucial to provide guidance around health care costs in and out of retirement with clients. This is especially important for Millennials, with over a quarter (27%) now expecting their financial professional to provide guidance on near-term health care costs. In addition, the average American lacks knowledge about health care costs, with only a third saying they feel knowledgeable about how much they'll need to cover health care costs in retirement (35% Millennials, 35% Gen Xers, 30% Boomers+). "Although many adults are concerned about health care costs in retirement or in their later years, many are not having informed discussions with professionals on how to prepare," said Rodriguez. "Working with a financial professional and taking advantage of online planning tools can help adults both young and old reach their personal goals. In addition, talking about your plan with someone can help ease anxiety and reduce stress during this uncertain time." To help financial professionals guide these conversations, Nationwide's Health Care Cost Assessment tool uses proprietary health risk analysis and updated actuarial cost data such as personal health and lifestyle information, health care costs, and medical coverage. It provides a meaningful, personalized cost estimate that will help financial professionals and clients estimate future medical and long-term care expenses. To learn more about the 2020 Nationwide Retirement Institute Health Care Costs in Retirement consumer survey, visit www.nationwide.com/healthcareinsights.com. In addition, financial professionals can visit www.nationwidefinancial.com/healthcareinsights to learn more. Methodology The 2020 Nationwide Retirement Institute Health Care survey was conducted online within the United States between May 7-26, 2020 among 1,940 adults aged 24 and over by The Harris Poll on behalf of The Nationwide Retirement Institute. Respondents for these surveys were selected from among those who have agreed to participate in our surveys. Because the sample is based on those who agreed to participate in the online panel, no estimates of theoretical sampling error can be calculated. Data are weighted where necessary by age by gender, race/ethnicity, region, education, income, marital status, household size, and propensity to be online to bring them in line with their actual proportions in the population. About The Harris Poll The Harris Poll is one of the longest running surveys in the U.S. tracking public opinion, motivations and social sentiment since 1963 and is now part of Harris Insights & Analytics, a global consulting and market research firm that delivers social intelligence for transformational times. We work with clients in three primary areas; building twenty-first-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. Our mission is to provide insights and advisory to help leaders make the best decisions possible. To learn more, please visit www.theharrispoll.com. About Nationwide Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor's. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter. This material is not a recommendation to buy, sell, hold, or rollover any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation. This information is general in nature and is not intended to be tax, legal, accounting or other professional advice. The information provided is based on current laws, which are subject to change at any time, and has not been endorsed by any government agency. Nationwide and The Harris Poll are separate and non-affiliated companies. Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, OH. Nationwide Retirement Institute is a division of NISC. Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Nationwide Retirement Institute are service marks of Nationwide Mutual Insurance Company © Nationwide 2020 NFM-20102AO Contact: Charley Gillespie firstname.lastname@example.org View original content to download multimedia:http://www.prnewswire.com/news-releases/the-pandemic-has-americans-more-worried-about-their-familys-health-and-financial-stability--and-often-its-negatively-impacting-their-wellbeing-301135623.html SOURCE Nationwide
Insurance Companies Created Home Insurance Crisis, Consumer Watchdog Testifies at Department of Insurance Wildfire Hearing
LOS ANGELES, Oct. 19, 2020 /PRNewswire/ -- The insurance industry is exploiting California wildfires for its own financial advantage by arbitrarily refusing to sell or renew homeowners' insurance coverage, even when people improve the fire safety of their property, Consumer Watchdog testified today at a virtual hearing convened by California Insurance Commissioner Ricardo Lara.
First Community Mortgage Adds Wholesale and Correspondent Leader
ATLANTA, Oct. 15, 2020 /PRNewswire/ -- First Community Mortgage (FCM) has named Tracey Retzer (NMLS #973683) Vice President of its Wholesale and Correspondent divisions. Retzer is an experienced leader with 15 years' progressive experience in banking and the mortgage industry.
Petros PACE Finance's Growth Continues with Hiring of Commercial Real Estate Executive Jerry Ellis as Senior Vice President of Business Development
AUSTIN, Texas, Oct. 13, 2020 /PRNewswire/ -- Petros PACE Finance, (www.petros-pace.com), the industry leader of Commercial PACE financing, announced today the hiring of Jerry Ellis as Senior Vice President of Business Development based in the New York office, strengthening the business development team as the company continues to grow nationally.
Digital Mortgage Company Tomo Raises $40M Seed Round; Investors Include Ribbit Capital and NFX
STAMFORD, Conn., Oct. 28, 2020 /PRNewswire/ -- Tomo Networks, a fintech startup that will improve the homebuying experience, initially as a digital mortgage and transaction company, today announced it has raised a seed round of $40 million led by Ribbit Capital, NFX and Zigg Capital. Despite decades of focus by companies looking to improve the real estate transaction experience, buying a home and all the important steps associated with it remain time-consuming, confusing and stressful. At the heart of this stress is the mortgage process. Tomo will be a digital mortgage company with a full platform to streamline home buying for both the consumer and their real estate agent. Tomo will use an approach that is human-driven, technology-enabled and ambitious in its scope. Tomo was founded by former Zillow executives Greg Schwartz and Carey Armstrong. The founding team also includes alumni of USAA, MINI (BMW Group), eXp Realty, Goldman Sachs, Nordstrom and Convoy. "Buying a home is a lousy experience. Despite years of tech companies focusing on real estate, the overall process has not changed enough," said CEO and co-founder Greg Schwartz. "We dream about the life we will build in our new home, yet dread the process of getting there. Tomo will give us what we want and deserve: the efficiency of a tech-enabled real estate transaction and the intimacy of having a team of elite professionals on our side." "We are very excited to invest in the idea and team behind Tomo," said Nick Huber, partner at Ribbit Capital. "Our mission is to invest in the leading teams and companies who are transforming the financial services industry. This area is ripe for change and this team has the revolutionary energy, industry know-how and experience to get it done." "I have known this team for more than a decade and they will deliver on the movement my team and I drove when we founded Trulia, to delight customers with transformational digital experiences related to the real estate transaction," said Pete Flint, general partner at NFX. "It's time to get it done and NFX is excited to partner with this exceptional team." Institutional investors include: Ribbit Capital, NFX, Zigg Capital and SVB Capital. Individual investors include hedge fund luminaries Alex Sacerdote, Kurt Mobley & Eli Weinberg; former Zillow CEO Spencer Rascoff; and Ted Ackerley of Seattle-based Ackerley Partners LLC. Tomo is hiring across the country, with plans to concentrate teams in Austin, Seattle and Stamford, Conn. More details about Tomo will be available in early 2021. About Tomo Tomo Networks Inc. (DBA: Tomo) is a fintech startup that improves the homebuying experience.Tomo will provide what we want and deserve: the efficiency of a tech-enabled real estate transaction and the intimacy of having a team of elite professionals on our side. Tomo was created by Greg Schwartz and Carey Armstrong and in October 2020 announced a $40 million seed round. Tomo's team is dedicated to the philosophy of Omotenashi -- anticipating the customer's needs and meeting them before the customer is even aware they exist. For more information, visit tomonetworks.com View original content to download multimedia:http://www.prnewswire.com/news-releases/digital-mortgage-company-tomo-raises-40m-seed-round-investors-include-ribbit-capital-and-nfx-301161444.html SOURCE Tomo Networks, Inc.
Bayshore HealthCare Partners with Amazon to Donate 1,000 Fire Tablets to Seniors in Need
TORONTO, Oct. 27, 2020 /CNW/ - Bayshore HealthCare, one of Canada's leading home and community care service providers with more than 350,000 clients across the country, has partnered with Amazon to donate 1,000 Fire Tablets to help support isolated seniors, through their Bayshore Foundation for Empowered Living charitable division.
Webster Investments SVP named among top retirement advisors
BOSTON, Oct. 26, 2020 /PRNewswire/ -- For the third consecutive year, The Financial Times has named a Webster Investments retirement plan advisor to FT 401, its annual list of the nation's top retirement plan advisors.
Watercrest's Signature 'Aprons & Appetizers' Program Engages Seniors in a 'State Fair Baking Competition' at Market Street Memory Care Palm Coast
VERO BEACH, Fla., Oct. 26, 2020 /PRNewswire/ -- The importance of our senior citizen's emotional well-being and engagement is a critical focus in today's current state of social distancing and isolation requirements. The leadership team at Market Street Memory Care Residence Palm Coast continues to focus on their resident's physical and spiritual well-being with specialized programming designed to provide multi-sensory experiences to improve the quality of life for residents.
Working Americans seek advice as pandemic increases financial stress, finds John Hancock Retirement
TSX/NYSE/PSE: MFC SEHK: 945 Facing high stress levels consumers are seeking financial guidance amidst global economic uncertainty BOSTON, Oct. 28, 2020 /PRNewswire/ - John Hancock Retirement, a company of Manulife Investment Management, today announced the results of its seventh annual financial stress survey of retirement plan participants, revealing the weight of financial stress on workers and its impact on employers. The survey shows that while financial stress has increased overall this past year, the pressure and uncertainty of the COVID-19 crisis has caused workers to prioritize financial wellness and seek guidance for both short and long-term financial planning. The 2020 financial stress survey was expanded to include respondents in both the United States and Canada and captures similar sentiment across the two countries. "Given the upheaval experienced in 2020 to date, it's no surprise that retirement savers are more stressed today than they were pre-COVID," said Sue Reibel, global head of retirement, Manulife Investment Management. "The silver lining in this year's data is that people are more open to financial advice than in years past. In this environment, when faced with managing multiple pressures, stress is high and responsibilities are piling up, and retirement investors are looking for a trusted source of advice when it comes to navigating their finances." The pandemic's impact on financial stress is evident and significant; in fact, the number of individuals reporting high levels of financial stress more than doubled from 11% pre-COVID to 27% since the crisis struck. Further, while only 44% of participants reported experiencing financial stress prior to the pandemic, the number grew to 67% following the outbreak. Based on today's realities, including roughly 28% dipping into their emergency savings and 19% increasing credit card balances since the beginning of the pandemic, only one-third of survey participants feel their situations will improve in the coming year. Simultaneously, the survey results reveal an increased interest in receiving advice from professionals both on retirement saving and investing, particularly among U.S. respondents compared with prior years. Nearly three-quarters of U.S. participants reported that they would seek advice on retirement planning, up from two-thirds of respondents in 2019. When it comes to investment advice, 63% responded that they would seek it out in 2020 versus 50% in 2019. In Canada, more than half of the respondents indicated they were interested in retirement planning and investing advice, at 58% and 51% respectively. "This year has delivered many challenges and both employers and employees have been asked to reimagine how they work," added Lynda Abend, chief data officer, John Hancock Retirement. "Employers are uniquely positioned to provide relief in many forms, including alleviating financial stress for their employees by revisiting the benefits playbook. Employees are looking for advice and guidance, which employers can provide through a holistic financial wellness offering." Opportunity for employersWith survey participants reporting increased interest in advice and 75% claiming that an employer-sponsored financial wellness program would positively affect their financial stress, the data suggests employers can have a direct impact on the financial wellness of their teams beyond salary. Overall, 80% of respondents report that simply setting financial goals would be at least moderately helpful. Ninety percent of respondents feel it's important for employers to offer financial wellness programs, including roughly four in ten who find them highly important. Thirty percent of Canadian respondents claim their employers offer a fairly or very extensive financial wellness program and just 12% of U.S. respondents report the same experience. U.S. workers are also more than twice as likely as Canadian respondents to say they are unsure of whether or not their employer offers a program at all (39% and 18%, respectively). Additional noteworthy data from the 2020 Financial Stress Survey include: Personal finances and economy: More than a third (35%) of U.S. respondents say their overall current financial situation is fair or poor. Three-in-ten Canadian respondents agree. When it comes to financial concerns, workers rate the state of the current economy as the top concern, followed by not having enough retirement savings. One in four of all respondents say they worry a great a deal about losing their job – an increase for U.S. respondents from 2019 - likely due to the impact of the COVID-19 pandemic on the economy. Employees are tuning in to their progress: Despite consumers' increased worries about their current and future financial positions, they are more tapped into their financial needs than ever before. More than two-thirds of participants visit their retirement plans at least once a quarter to monitor their finances, including roughly four in ten or 39% who visit their plans once a month.Employees are looking for personalized retirement projections: Ninety-five percent of U.S. participants and 89% of Canadian participants said that projections of estimated income and expenses in retirement, including healthcare expenses, would motivate them to prepare for retirement. To see the 2020 financial stress survey white paper or learn more about John Hancock Retirement, please click here. Methodology John Hancock Retirement and Manulife Investment Management are not affiliated with Greenwald & Associates and are not responsible for the liabilities of the other. The 2020 Financial Stress survey was commissioned by Manulife Investment Management and John Hancock Retirement and conducted by Greenwald & Associates. An online survey of 589 John Hancock Retirement plan participants and 1,026 plan members in Canada was conducted in August 2020. About John Hancock Retirement John Hancock Retirement is the U.S. retirement business of Manulife Investment Management. For nearly 50 years, we've helped people plan and invest for retirement; today, we're one of the largest full-service providers in the United States.¹ We take a hands-on consultative approach based on the idea that no two plans - and no two plan participants - are exactly alike. We partner with plan sponsors, financial professionals, and third-party administrators to ensure that every plan is personal to the participant and helps deliver results. As of June 30, 2020, John Hancock serviced over 51,000 retirement plans with over 3 million participants and over $177 billion in AUMA. 2 1. "2020 Defined Contribution Recordkeeper Survey," PLANSPONSOR, 2020. 2. As of June 30, 2020, John Hancock Life Insurance Company (USA) supported 46,942 plans, 1,590,762 participants, and $88,315,505,455 in AUMA. John Hancock Life Insurance Company of New York supported 2,511 plans, 78,978 participants, and $5,286,691,809 in AUMA. John Hancock Retirement Plan Services, LLC supported 2,009 plans, 1,348,513 participants, and $83,944,095,426 in AUMA. Participant Counts reflect all active participants with a balance. Approximate unaudited figures for John Hancock, provided on a U.S. statutory basis. About Manulife Investment Management Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. As of June 30, 2020, Manulife Investment Management had CAD$900 billion (US$660 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com. John Hancock Distributors LLC Member FINRA, SIPC 200 Berkeley Street Boston, MA 02116 800-225-6020, jhinvestments.com. John Hancock Retirement Plan Services, LLC• 200 Berkeley Street • Boston, MA 02116 NOT FDIC INSURED. MAY LOSE VALUE. NOT BANK GUARANTEED. © 2020 John Hancock. All rights reserved. MGR1026201384429 View original content to download multimedia:http://www.prnewswire.com/news-releases/working-americans-seek-advice-as-pandemic-increases-financial-stress-finds-john-hancock-retirement-301161768.html SOURCE John Hancock Retirement
Nearly Half of Working Canadians in Worse Financial Position Due to Pandemic: Manulife Investment Management Survey
Nearly Half of Working Canadians in Worse Financial Position Due to Pandemic: Manulife Investment Management Survey