TITLE

The New Watering Hole LLC

AUTHOR(S)
Walker, Lewis J.
PUB. DATE
June 2009
SOURCE
Journal of Financial Planning;Jun2009, Vol. 22 Issue 6, p28
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article offers information on the perspectives shared by Lewis J. Walker, president of Walker Capital Management Corp. and Life Transitions Advisors, regarding the misalignment between industry compensation and the needs of mature consumers, known as transitionals or baby boomer generation, in the U.S. The author mentions that these people experienced problems related to voluntary and involuntary life transitions in their career, retirement, stewardship goals, family care, and health care. Transitionals believed that the key to address their problems is the compensation they received from a commission, but it does not work well in the sector dominated by asset preservation concerns, as well as the distribution of assets to fund retirement cash flow needs.
ACCESSION #
41686511

 

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