News
14 Northwestern Mutual Advisors Recognized in Forbes' Latest Top Women Ranking
MILWAUKEE, Feb. 11, 2025 /PRNewswire/ -- Today, 14 Northwestern Mutual advisors were recognized on the prestigious Forbes Top Women Wealth Advisors Best-in-State list for 2025. Advisors who earn a spot on Forbes' annual list stand out for delivering an exceptional experience, superior outcomes, and greater financial security for their clients. "These elite advisors represent the pinnacle of our industry, showcasing how better conversations and revealing blind spots can lead to greater...
17 Northwestern Mutual Advisors Honored on Latest Barron's List
MILWAUKEE, March 11, 2025 /PRNewswire/ -- Northwestern Mutual announced that 17 of its advisors were recognized on Barron's prestigious list of the nation's top 1,200 financial advisors. "I am so proud of these advisors, and their extraordinary efforts on behalf of the clients they proudly serve," said John Roberts, Northwestern Mutual's chief field officer. "Our trusted expert advisors and teams help Americans protect what they have already built while also creating future prosperity. Their...
2025 NORTHWESTERN MUTUAL PLANNING & PROGRESS STUDY
Majority of Americans Say "Seek Financial Advice Before Age 40," According to Northwestern Mutual Planning & Progress Study Nearly half of Gen Z say "buying a house" is the milestone they're most concerned about About 30% of Gen Z say biggest concern is being able to afford having children Gen Z'ers expect to get married, buy a home, start a family, and retire later than their parents - but they started working with a financial advisor earlier than any generation before them MILWAUKEE, May 6,...
All-Time High 230 Northwestern Mutual Advisors Recognized on 2025 Forbes Top Wealth Advisors List
MILWAUKEE, April 8, 2025 /PRNewswire/ -- Northwestern Mutual announced today that 230 of its financial advisors are featured on the 2025 Forbes Top Wealth Advisors & Best-in-State lists - a record showing for the company. "Northwestern Mutual financial advisors are well-respected and unique because of their deep expertise in wealth management, risk protection and what it really takes to build financial security," said John Roberts, the company's chief field officer. "Their approach to...
Americans Believe They Will Need $1.26 Million to Retire Comfortably According to Northwestern Mutual 2025 Planning & Progress Study
As inflation rate falls, people's 'magic number' for retirement drops $200K, returning to 2022 and 2023 levels More than half of Americans think it's somewhat or very likely they will outlive their savings 60% of Gen Z and Millennials say they are focusing too much on investing and not enough on insurance MILWAUKEE, April 14, 2025 /PRNewswire/ -- Americans' "magic number" to retire comfortably in 2025 is $1.26 million, $200K less than the $1.46 million reported last year and nearly flat with...
Human Connection Over Machines: Americans Trust Advisors More Than AI for Financial Advice, Finds Northwestern Mutual's 2025 Planning & Progress Study
Human Connection Plus Machines, Even Better: Most younger Americans say they prefer working with an advisor who understands how to use AI as a financial planning tool Passing on Machine-Only Resources: Most Americans don't trust AI alone to perform a wide variety of tasks - including driving cars, teaching classes, and umping baseball games MILWAUKEE, Aug. 5, 2025 /PRNewswire/ -- By a wide margin, most Americans today continue to trust financial advisors with their money management over...
Inflation is Americans' Top Financial Concern and Most Say Their Income is Not Keeping Up, According to Northwestern Mutual's 2025 Planning & Progress Study
Major Millennial milestone: College loans no longer among the top three sources of debt, but medical debt emerges as new and formidable financial foe 'Spend Z': 40% of Gen Z expect to spend more on non-essential purchases this year than last - well ahead of other generations Fenced out: The majority of Americans who don't own a home say they'll never be able to afford one. Gen Z in particular feels priced out. Epidemic of insecurity endures: Feelings of financial insecurity in America remain...
Intentions Rise, Expectations Fall: The Number of Americans Planning to Leave an Inheritance Goes Up as the Number Expecting to Receive One Goes Down Finds Northwestern Mutual's 2025 Planning & Progress Study
As $90 trillion Great Wealth Transfer approaches, nearly one-third of U.S. adults plan to leave a financial gift (up from one-fourth last year), while only one-fifth expect to receive one (down from 25% in 2024) More than half of Americans expecting to receive an inheritance consider it "critical" or "highly critical" to their long-term financial security Having "the talk": 60% of Americans who expect to leave an inheritance say they have had a conversation with their family about their plans...
Leading the Industry: 763 Northwestern Mutual Advisors Recognized on 2025 Forbes Top Financial Security Professionals List
MILWAUKEE, July 10, 2025 /PRNewswire/ -- Northwestern Mutual announced today that 763 of its financial advisors are featured on the Forbes America's 2025 Top Financial Security Professionals and Best-in-State lists - a new high-water mark for the company and a nearly 18% increase over its 2024 showing. "Financial anxiety is an epidemic in America - and our trusted advisors are more relevant than ever, helping people to achieve greater financial security," said John Roberts, Northwestern...
Most Americans expect to experience a long-term care event, and nearly 3 in 4 want in-home care if it happens to them - according to Northwestern Mutual Planning & Progress Study
However, just 42% of Boomers+ and 35% of Gen X'ers have planned financially for the possibility that they'll personally need long-term care Cost of care could soar to half a million per year by 2050s 20% of adults say they are currently a caregiver - and are sacrificing as a result: many caregivers are spending less, working more, and dipping into savings MILWAUKEE, Oct. 7, 2025 /PRNewswire/ -- As people live longer, their likelihood of experiencing a long-term care event is increasing - and...
Nearly 70% of Americans Say Financial Uncertainty Has Made Them Feel Depressed and Anxious, According to Northwestern Mutual 2025 Planning & Progress Study
Conversely, 76% of Americans with a financial advisor describe their finances as "strong" An American epidemic: financial worries significantly affecting Americans' health, relationships, job performance and more The young and the restless: About half of Gen Z and Millennials say financial uncertainty keeps them up at night at least once a month Major source of strife: 75% of Millennials and 71% of Gen Z who are in serious relationships say financial worries have impacted the relationship...
Northwestern Mutual Announces Historic $9.2 Billion Dividend Payout in 2026 - A Powerful Demonstration of Company's Enduring Commitment to Policyowners
Dividend award is nearly $1 billion more than previous year and is expected to remain the industry's largest Whole Life insurance policyowners are expected to receive close to $7.9 billion of the total payout Company delivers unprecedented payout while earning highest-available financial strength ratings MILWAUKEE, Oct. 28, 2025 /PRNewswire/ -- Northwestern Mutual is announcing its largest expected dividend payout to policyowners in company history: $9.2 billion in 2026. The record sum is...
Northwestern Mutual Announces New Board of Trustees Appointments
MILWAUKEE, June 24, 2025 /PRNewswire/ -- Northwestern Mutual, a leading financial services company providing comprehensive financial planning through insurance and investments, announced today that Teresa Bitetti and Andrew Feldstein have been appointed to serve on its Board of Trustees. As a mutual company with a responsibility to its policyowners, Northwestern Mutual has a Board of Trustees elected by its policyowners with responsibility for oversight and governance on company matters....
Northwestern Mutual Expands Suite of Insurance Products to Help Families and Businesses Protect Their Legacies
Company's new Survivorship Variable Universal Life Plus policy provides essential asset planning support Coverage can help Americans minimize the estate tax burden on heirs, maintain care for children with special needs, and ensure a seamless transfer of business ownership MILWAUKEE, July 1, 2025 /PRNewswire/ -- Northwestern Mutual, a leading financial services company focused on comprehensive financial planning, is expanding its world-class suite of insurance products to support Americans'...
Northwestern Mutual Launches Season Two of "A Better Way to Money®" Podcast Offering Financial Advice to Consumers Navigating Major Life Milestones
The eight-episode season blends emotional insights and personal stories with expert advice, highlighting the importance of planning for a secure financial future Former TV star and wellness entrepreneur Lo Bosworth opens up about her recent engagement, planning for the future and taking career risks in the latest episode MILWAUKEE, June 12, 2025 /PRNewswire/ -- Northwestern Mutual, a leading financial services company offering comprehensive financial planning through insurance and wealth...
Northwestern Mutual Quadruples its Showing on Forbes Annual List of America's Top Advisory Teams
MILWAUKEE, Jan. 9, 2025 /PRNewswire/ -- Northwestern Mutual announced today that 174 of the company's firms have been named to Forbes' Best-in-State lists of Top Wealth Management Teams for 2025. This prominent national ranking signifies the teams' industry leadership, elite capabilities, and commitment to clients. "Millions of Americans are on a path to greater financial security thanks to the trusted partnership and expert guidance of Northwestern Mutual advisors," said John Roberts, the...
Northwestern Mutual Ranked as Top-10 Independent Broker-Dealer by Financial Advisor Magazine
MILWAUKEE, April 1, 2025 /PRNewswire/ -- Northwestern Mutual has once again been recognized among the leading independent broker-dealers in the nation, ranking 6th in Financial Advisor Magazine's just-released 2025 list. The prominent financial publication, which ranks firms based on gross revenue, has named Northwestern Mutual a top-10 independent broker-dealer each year for more than a decade. "We're honored that Financial Advisor continues to recognize Northwestern Mutual as one of the...
Northwestern Mutual Seeks to Recruit 5,000 New Financial Professionals in 2025 to Help Americans Build Financial Security
MILWAUKEE, March 19, 2025 /PRNewswire/ -- Northwestern Mutual, a leading financial services company, is announcing a goal to recruit more than 5,000 financial advisors, representatives, and interns in 2025. With 30% of Americans saying they are feeling financially insecure - near the highest levels we've recorded in over a decade - there is a strong need for financial professionals who want to have a positive impact on peoples' lives. Northwestern Mutual advisors, representatives, and interns...
Northwestern Mutual Surpasses $40 Billion Surplus, Declares Historic Dividend, Sets Company Records During Transformative 2024
Company reports all-time highs in surplus and revenue, grows network of financial advisors and representatives at record pace, declared record dividend payout to policyowners, and maintains best-available financial strength ratings MILWAUKEE, Feb. 20, 2025 /PRNewswire/ -- Throughout 2024, Northwestern Mutual further demonstrated its ability to fulfill the 167-year-old company's commitment to be both strong today and well-positioned to deliver industry-leading value in the future. Not only did...
Northwestern Mutual and Sixth Street Announce Long-Term Strategic Partnership
Sixth Street to manage $13 billion in assets committed by Northwestern Mutual with capacity to scale over the long term Northwestern Mutual acquires minority equity interest in Sixth Street MILWAUKEE, Jan. 7, 2025 /PRNewswire/ -- Northwestern Mutual, a leading financial services provider of insurance and wealth products, and Sixth Street, a leading global investment firm, today announced a new strategic partnership to support Northwestern Mutual's long-term, diversified investment strategy...
Northwestern Mutual to Fund Over 60 Teacher Summer Programs as Part of Larger $4.5M Pledge to Milwaukee Schools
Grants will increase student success throughout the school year with programs focused on the use of AI, pursuing dual enrollment, and more MILWAUKEE, June 17, 2025 /PRNewswire/ -- Northwestern Mutual, through its Foundation, is deepening its long-standing commitment to high-quality education and student achievement in Milwaukee, pledging $4.5 million in 2025 which will support 70 local schools and nonprofits. This brings the company's total contribution to advancing education in the city to...
Northwestern Mutual tops industry in "Quality of Products," "Financial Soundness" and more on FORTUNE's latest "World's Most Admired" list
MILWAUKEE, Jan. 30, 2025 /PRNewswire/ -- Northwestern Mutual announced it has once again earned a coveted spot on FORTUNE media's prestigious "World's Most Admired" list - an esteemed recognition highlighting the world's top companies across major industries. Specifically, Northwestern Mutual was recognized as the industry leader in the categories of corporate assets, quality of management, financial soundness, long-term investment value, and quality of products/services. The company also...
Only half of American millionaires plan to leave an inheritance - and just one-third consider themselves "wealthy," according to Northwestern Mutual Planning & Progress Study
Nearly half of millionaires say their financial planning needs improvement Top financial concerns of millionaires are distinctly different: The impact of taxes in retirement and long-term care American Dream: 80% of millionaires say they're "self-made" MILWAUKEE, Nov. 4, 2025 /PRNewswire/ -- Is $1 million enough to feel affluent in America? Not according to most millionaires. Just 36% of the nation's wealthiest citizens actually consider themselves "wealthy," and nearly half (49%) say their...
Timothy J. Gerend becomes Chairman of Northwestern Mutual's Board of Trustees
New Chairman, President and CEO sets sights on redefining financial security in America MILWAUKEE, Feb. 4, 2025 /PRNewswire/ -- Northwestern Mutual announced the appointment of Timothy J. Gerend as Chairman of the company's Board of Trustees, effective February 1, 2025. He succeeds John Schlifske who remained Chairman of Northwestern Mutual through January 31. Gerend became President effective February 1, 2024, and became Chief Executive Officer and a member of the Northwestern Mutual Board...