Elton John says farewell to fans with the help of the Alliance for Lifetime Income. Like the Alliance did before with the Rolling Stones, it’s sponsoring John’s “2022 Farewell Yellow Brick Road” tour.
Whether it’s really John’s retirement or like Kiss and Ozzy Osbourne, a FOMO gimmick to boost ticket sales is anyone’s guess.
Anderson also reports on a California-based precious metals dealer and self-declared financial advisor that’s in a lot of hot water for allegedly defrauding retirees in a $68 million scheme where he significantly overcharged for gold and silver coins.
The SEC’s civil complaint names defendants Safeguard Metals and its principal, Jeffrey Santulan of Tarzana, Calif., with executing an ongoing nationwide fraud.
Lastly, a panel discussion at the GRPAA Industry Leaders Summit in Carlsbad, California on Saturday noted that we’re only in the second of four stages of M&A, with plenty of consolidation to go in the 401k advisory space.
These stories and more can be found at 401kspecialistmag.com, but for now, make it a great week.
Last weeks Market Minute –
401k Market Minute: Major Win for Jerry Schlichter, Target Date Fiduciary Traps, and More
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of 401(k) Specialist and Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots. Experienced financial services content executive specializing in creative new media delivery. He joined the American Retirement Association in 2023 as Chief Content Officer, overseeing communications for the organization, as well as its sister organizations.
