Understanding Pooled Special Needs Trusts Consumers have access to many financial planning and investing solutions, including retirement plans, mutual funds, sophisticated alternative investments, annuities, college savings programs, and a wide variety of banking products. Now, suppose you are one of the 43 million people (one in every seven) in the US with a disability. In …
SNFSi Launches First National Database of 100+ Special Needs Financial Services Providers
Cape Cod, MA, August 9, 2021 - The Special Needs Financial Services Institute (SNFSi) launched today the first continually updated national database of nonprofit Pooled Special Needs Trust Administrators. This resource is available by subscription to professionals for $25 per month ($300 annually). Personalized provider searches and reports are now available to individuals and families …
One in Seven People Live with a Disability. And They Need a Financial Plan.
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Investment News Cover Story: Special Needs Financial Planning
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SNFSi Welcomes The Huntington National Bank as Founding Leadership Sponsor
Founded in 1866, The Huntington National Bank has grown to be one of the country’s largest regional banks with $123 billion in assets. What hasn’t changed over the years has been their commitment to do the right thing and supporting people, businesses and communities. Newsweek’s 2021 list of America’s Most Responsible Companies ranks Huntington Bank …
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Could PSNT Industry Growth Trigger Transformational Oversight? Not the most likely scenario.
ABSTRACT PSNTs are growing and attracting more attention. Could this new focus increase regulatory oversight or spur transformational rulemaking? We don't think so. PSNTs already operate in a highly regulated environment with regulatory entities governing investments, banking, nonprofit status, fundraising, activities of the PSNT administrator, and disability and related benefits that impact beneficiaries. The more …
Operating Reserves for Pooled Special Needs Trusts
Charitable nonprofits are not usually in the business of accumulating capital. In the upside-down world of philanthropy, organizations with cash on hand can be a turnoff to some donors. Until someone who prioritizes resiliency goes looking for operating reserves. Or really thinks through how to put out a fire (program expense) without a hose (administrative …
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Special Needs Financial Services: Poised for Growth | SNFSi’s Pooled Special Needs Trust Report 2020
SNFSi’s Pooled Special Needs Trust Report 2020: Poised for Growth is now available and includes detailed information about this industry and opportunity. Request a Copy The Special Needs Financial Services InstituteTM (SNFSiTM) was formed in 2020 to increase the availability and use of financial products and solutions by people with disabilities, estimated at 13% of …
This Market for Financial Services is Hiding in Plain Sight
Disability impacts 1:7 Americans* (that is 42 million people) directly and touches many more lives indirectly. More than likely, advisors with a mature book have clients affected by special needs who wish to do as much life and financial planning as possible (perhaps even more so now), and a frustratingly small, and often prohibitively expensive, …
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