President Joe Biden speaks Wednesday at his inauguration. (Photo: Kevin Dietsch/Bloomberg)
Wednesday Joe Biden was sworn in as the 46th U.S. president, and Kamala Harris was sworn in as the country's first female vice president.
Financial services groups have been issuing statements responding to the official start of the Biden-Harris administration.
Susan Neely, president of the American Council of Life Insurers (ACLI), extended congratulations on behalf of the ACLI.
"We look forward to working with their administration and the 117th Congress for bipartisan policy solutions that address the financial protection and retirement security challenges facing so many," Neely said.
Life insures want to help individuals and families regardless of where and how they work, their life stage, or the economic status of their household, Neely said.
"We extend this commitment to engaging and working purposefully with our nation's elected leaders as they endeavor to build a strong, caring economy for all," Neely said.
The National Association of Insurance and Financial Advisors (NAIFA) also congratulated the new administration.
The association said it looks forward to working with the Biden administration on efforts to promote financial security and access to financial products, services, and advice for all Americans.
