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2012 PLANADVISER Top 100 Advisers

Here are PLANADVISER's 2012 Top 100 Advisers—drawn from the pool of nominations for PLANSPONSOR's Retirement Plan Adviser and Adviser Team of the Year MORE

Latest News

COMPLIANCE

N.J. Court Finds Public Employee Need not Return Pension Overpayment

Feb 24, 2012 -- An appellate court in New Jersey found a public worker did not intend to mislead the state and does not need to repay $258,191 in pension benefits mistakenly received.

DEALS/PEOPLE

LPL Financial Appoints Executive VP

Feb 24, 2012 -- LPL Financial appointed Mimi Bock as executive vice president of Independent Advisor Services (IAS).   

INVESTING

Lost Pension Assets by Japan Investment Managers Sparks Larger Probe

Feb 24, 2012 -- Japan's financial regulator halted operations of a Tokyo money-management company after finding it allegedly lost billions of dollars in client money.

PRODUCTS

Emerging Market and Asia/Pacific iShares ETFs Launched

Feb 24, 2012 --  BlackRock Inc.’s iShares Exchange Traded Funds (ETFs) business launched two dividend-focused equity funds designed to access the emerging markets and Asia/Pacific developed markets.   

INVESTING

BofA to Freeze Pension Fund

Feb 24, 2012 -- Bank of America will freeze its pension plans for eligible employees, effective July 1, 2012.

COMPLIANCE

Tribune Workers Have Retirement Savings Restored

Feb 24, 2012 -- The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement of $32 million for the Tribune Employee Stock Ownership Plan’s participants. 

COMPLIANCE

Payroll Tax Cut Extended, IRS Issues Revised Form

Feb 23, 2012 --  The Internal Revenue Service (IRS) released revised Form 941, enabling employers to properly report the newly extended payroll tax cut.   

COMPLIANCE

Defunct Company Ordered to Restore Retirement Plan Assets

Feb 23, 2012 -- The U.S. Department of Labor (DoL) obtained a summary judgment ordering Compass Capital Partners Ltd. and owner Harris M. DeWese to restore $661,206 to the defunct West Chester, Pennsylvania company’s retirement plan.  

COMPLIANCE

Appellate Court Reopens Case Against State Street by GM Participants

Feb 23, 2012 -- The 6th U.S. Circuit Court of Appeals revived a stock drop lawsuit brought by General Motors retirement plan participants against State Street.

RESEARCH

Majority of Young Adults Do Not Invest in Retirement Accounts

Feb 23, 2012 -- Seventy-three percent of Americans ages 18 to 34 do not currently invest in retirement accounts such as a 401(k) or IRA. 

COMPLIANCE

FINRA Issues Investor Alert

Feb 23, 2012 -- The Financial Industry Regulatory Authority (FINRA) issued an investor alert called “It Pays to Understand Your Brokerage Account Statements and Trade Confirmations.”

COMPLIANCE

SIFMA Develops Certificate for FINRA Rule 2111

Feb 23, 2012 -- The Securities Industry and Financial Markets Association (SIFMA) developed an Institutional Suitability Certificate to facilitate broker/dealer compliance with new FINRA Rule 2111, specifically when dealing with institutional clients. 

DIVERSIONS

Older Adults Less Likely to be Stressed

Feb 23, 2012 -- The American Psychological Association recently released the results from its "Stress in America" survey, which found stress levels differ among generations.  

DEALS/PEOPLE

Pensionmark Expands Regional Offices

Feb 22, 2012 -- Pensionmark increased its retirement plan adviser network to 18 regional offices with the addition of Northgate Retirement Group in Novato, California. 

DEALS/PEOPLE

Lincoln Financial Names Stable Value Business Leader

Feb 22, 2012 --  Bill McLaren joined Lincoln Financial Group as Stable Value business leader for the company's Retirement Plan Services Product and Solutions Management team.    

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