Yup, the regulators picked enforcement. Slowly at first, then all at once, as they say. After much anticipation, we are seeing the emergence of regulation in the pooled special needs trust industry. The Securities and Exchange Commission (SEC), has taken interest in a pooled special needs trust trustee and has filed litigation, announced in this …
INVITATION | Release of 2021 Pooled Special Needs Trust Industry Report: Crossroads
Live Webinar | January 26, 2022 | 1 PM EST Trusts are a hot topic in financial advice and banking. Pooled Special Needs Trusts are a distinct market segment within this space. If you're in the business of providing financial advice, distributing financial products, lead a pooled special needs trust organization, or work with trusts, …
The ABCs of PSNTs (2 min read time)
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 Visibility Trigger Transformational Oversight? Not the most likely scenario.
ABSTRACT PSNTs are 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 indirectly regulated environment. Regulatory entities govern all of the component parts of PSNTs including investments, banking, nonprofit status, fundraising, activities of the PSNT administrator, and disability and related …
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 …