PLANADVISER

Rollovers Rule the IRA Roost

Thu, 23 May 2013 12:07:47 GMT

Rollovers Rule the IRA Roost Roth individual retirement accounts (IRAs) get the most contributions, and IRAs funded by rollovers hold the most money, the Employee Benefit Research Institute (EBRI) found. Of the new contributions, most go into Roth IRAs, but most of the assets are held in traditional

Higher Education 403bs An Opportunity for Advisers

Thu, 23 May 2013 11:59:49 GMT

Higher Education 403(b)s An Opportunity for Advisers Rebecca Moore As 403(b) plans continue to evolve, there are still ample opportunities for plan advisers to help plan sponsors improve their plans and processes. The fifth annual 403(b) plan survey, from the Plan Sponsor Council of America (PSCA)

Altegris Bulks Up Macro Strategy Porfolio

Thu, 23 May 2013 12:24:39 GMT

Altegris Bulks Up Macro Strategy Porfolio Jill Cornfield The global strategies of 300 North Capital and Willowbridge Associates were added to the Altegris Macro Strategy Fund to enhance its potential to generate absolute returns. The Altegris Macro Strategy Fund seeks to generate absolute returns

T Rowe Price to Launch Suite of TDFs

Thu, 23 May 2013 10:16:27 GMT

T. Rowe Price to Launch Suite of TDFs Kevin McGuinness T. Rowe Price filed a preliminary prospectus with the Securities and Exchange Commission to launch a new lineup of eleven target-date funds. The new series, called the T. Rowe Price Target Retirement Funds, is designed to pursue an asset allocatio

Oldest Boomers Not Extending Working Years

Thu, 23 May 2013 09:29:27 GMT

Oldest Boomers Not Extending Working Years PLANADVISER Staff The first set of Baby Boomers, those born in 1946, are not necessarily "working 'till they drop," as some studies indicate. More than half (52%) of the 1946 Boomers are now fully retired, according to data from the MetLife Mature Market I

Tackling Debt Trumps Saving for Most Millennials

Thu, 23 May 2013 08:56:49 GMT

Tackling Debt Trumps Saving for Most Millennials PLANADVISER Staff More than half (54%) of Millennials say debt is their “biggest financial concern currently,” according to a Wells Fargo Retirement Survey. Forty-two percent of Millennials say their debt is “overwhelming,” twice the rate of Baby Boo

How to Communicate Benefit Changes

Thu, 23 May 2013 08:54:08 GMT

How to Communicate Benefit Changes PLANADVISER Staff Plan sponsors need to educate employees in a way that moves them from a sense of entitlement to empowerment, presenters of a recent webinar suggested. Liz Davidson, CEO of Financial Finesse, pointed out that the employee benefits landscape has ch

Mercer Appoints US Delegated DC Leader

Thu, 23 May 2013 08:41:34 GMT

Mercer Appoints US Delegated DC Leader Rebecca Moore Liana Magner has been appointed U.S. Delegated DC Leader for Mercer’s Investments business. Magner will have overall responsibility for the ongoing development of Mercer’s delegated DC (defined contribution) proposition, sometimes referred to as

USI Consulting Hires Associate VP and Actuary

Thu, 23 May 2013 08:37:29 GMT

USI Consulting Hires Associate VP and Actuary Kevin McGuinness Lisa Larsen was hired as an associate vice president and actuary by USI Consulting Group. Larsen has extensive experience in retirement planning, as an actuary and human resources consultant, and has 13 years of experience as an in-hous

Advertising Guide Helps RIAs Stay Compliant

Thu, 23 May 2013 08:07:18 GMT

Advertising Guide Helps RIAs Stay Compliant PLANADVISER staff A publication from Dechert LLP and RR Donnelley addresses advertising by registered investment advisers (RIAs) so they can keep compliant. “A Guide to Advertising by Registered Investment Companies and Registered Investment Advisers,

Matrix Offering Expands ERISA Capabilities

Wed, 22 May 2013 11:46:44 GMT

Matrix Offering Expands ERISA Capabilities Jill Cornfield Cetera Financial Group has debuted an unbundled, open architecture solution for advisers who serve as 3(21) fiduciaries to offer more customized advice to plan sponsors. The platform is part of Cetera’s fee-based plan sponsor progr

403b Space Ripe for Advisers

Wed, 22 May 2013 12:00:23 GMT

403(b) Space Ripe for Advisers Corie Russell Advisers have an untapped opportunity to help 403(b) plan sponsors, especially because these plans increasingly have features in common with 401(k)s. “You’re really starting to see these 403(b) plans look a lot like 401(k),” Tim Maher, senior vice preside

Vestmark Unveils Integrated Advisory Platform

Wed, 22 May 2013 12:04:17 GMT

Vestmark Unveils Integrated Advisory Platform Jill Cornfield VestmarkONE Advisor was rolled out as a solution offering flexibility and intuitive design that lets financial advises manage all fee-based advisory accounts. The software gives advisers a single platform to manage the entire clien

Lyxor Hires Hedge Fund Research Head

Wed, 22 May 2013 11:07:36 GMT

Lyxor Hires Hedge Fund Research Head PLANADVISER Staff Frank Frecentese has joined Lyxor Asset Management’s New York office as the deputy head of hedge fund research. Frecentese comes to Lyxor from Citi Private Bank. He was managing director, global head of hedge fund investments and oversaw t

CUNA Mutual Group Introduces 401k Program

Wed, 22 May 2013 10:10:29 GMT

CUNA Mutual Group Introduces 401(k) Program Jill Cornfield The ClearDirection 401(k), introduced by CUNA Mutual Group, offers support for plan advisers such as optional co-fiduciary options and an open architecture design. According to Paul Chong, senior vice president of CUNA Mutual Group Retirem

403b Plan Sponsors Continue to Improve Plan Value

Wed, 22 May 2013 09:49:10 GMT

403(b) Plan Sponsors Continue to Improve Plan Value Rebecca Moore 403(b) plan sponsors continue to make changes to improve the value of their plans and the retirement readiness of participants, according to the latest benchmarking survey. Plan sponsors have moved from just making changes to satisfy

DB Plans Outperformed DC Plans in 2011

Wed, 22 May 2013 08:41:06 GMT

DB Plans Outperformed DC Plans in 2011 Kevin McGuinness Investment returns in defined benefit (DB) retirement plans outperformed those in defined contribution (DC) plans in 2011 by the widest margin since the mid-1990s, according to a new analysis. Towers Watson found that the difference in 2011 inves

Unified Trust Hires Retirement Investment Analyst

Wed, 22 May 2013 08:38:40 GMT

Unified Trust Hires Retirement Investment Analyst Kevin McGuinness Unified Trust Company hired Andrew Windsor as a retirement investment analyst. Windsor will oversee the analysis, selection and monitoring of Employee Retirement Income Security Act (ERISA) retirement plan investment options, as well a

ASPPA Makes Suggestions for In Plan Roth Rollovers

Wed, 22 May 2013 08:36:26 GMT

ASPPA Makes Suggestions for In-Plan Roth Rollovers Rebecca Moore The American Society of Pension Professionals & Actuaries (ASPPA) filed a comment letter with the Internal Revenue Service about in-plan Roth conversions. Provisions of the American Taxpayer Relief Act of 2012 (ATRA), expanded the

Drinker Biddle Hires Partner for Employee Benefits

Tue, 21 May 2013 12:27:27 GMT

Drinker Biddle Hires Partner for Employee Benefits Kevin McGuinness Frances P. LaFleur joined Drinker Biddle & Reath LLP as a partner in the firm’s Employee Benefits and Executive Compensation Practice Group. LaFleur will focus her practice on advising clients on retirement, executive compensation

Lincoln Bulks Up Merrill Lynch Plan Offerings

Tue, 21 May 2013 11:59:07 GMT

Lincoln Bulks Up Merrill Lynch Plan Offerings PLANADVISER staff The Merrill Lynch Advisor Alliance program at Lincoln Financial Group has been expanded to include a group variable annuity and an enhanced net asset value-based program. This broadens Lincoln’s portfolio of offerings delivered through

Plan Sponsors Continue to Automate Participant Decisions

Tue, 21 May 2013 12:39:51 GMT

Plan Sponsors Continue to “Automate” Participant Decisions Rebecca Moore Plan sponsors are increasingly adopting features to help overcome participant inertia, a survey found. Mesirow Financial Retirement Plan Advisory practice’s "2013 Retirement Plan Survey" found automatic solutions continue to p

Mercer Names Principal for Investments Business

Tue, 21 May 2013 11:43:22 GMT

Mercer Names Principal for Investments Business Kevin McGuinness Mercer named Sabrina Bailey a principal in its Seattle Investments business. Bailey will provide investment consulting services to large defined benefit and defined contribution plans. Bailey has more than 13 years of consulting and

T Rowe Price Names Head of International Fixed Income

Tue, 21 May 2013 11:29:06 GMT

T. Rowe Price Names Head of International Fixed Income Kevin McGuinness T. Rowe Price International Ltd named Arif Husain head of international fixed income. In this role, Husain will lead the firm’s international/global fixed income investment team and process. He will also take on portfolio manageme

Jefferson National Expands Monument Advisor

Tue, 21 May 2013 12:38:03 GMT

Jefferson National Expands Monument Advisor Sara Kelly Jefferson National has added seven new funds—designed to meet the needs of registered investment advisers (RIAs) and fee-based advisers. Jefferson National has added seven new funds—designed to meet the needs of registered investment advise

Retirement Age on the Rise

Tue, 21 May 2013 10:28:08 GMT

Retirement Age on the Rise PLANADVISER Staff The average retirement age today is four years older than it was in 1991, according to Gallup’s annual “Economy and Personal Finance” survey. That age may be younger than expected, however. The average age at which current U.S. retirees say they retired

Early Boomers Last to Retire Comfortably

Tue, 21 May 2013 12:52:48 GMT

Early Boomers Last to Retire Comfortably Kevin McGuinness Early boomers, born between 1946 and 1955, may be the last group with enough savings to maintain financial security through their retirement, according to a study. The study, “Retirement Security Across Generations: Are Americans Prepared for T

FINRA Delivers Smack to LPL

Tue, 21 May 2013 10:20:20 GMT

FINRA Delivers $7.5M Smack to LPL Jill Cornfield On top of the fine from the Financial Industry Regulatory Authority (FINRA), LPL Financial LLC was ordered to establish a $1.5 million fund for customers affected by email system failures. According to FINRA, the reason for the fine was 35 se

NFP Appoints Chief Executive

Mon, 20 May 2013 11:51:45 GMT

NFP Appoints Chief Executive PLANADVISER staff Douglas W. Hammond, president and chief operating officer, has been named chief executive of National Financial Partners Corp. Hammond succeeds Jessica M. Bibliowicz , chairman and CEO of NFP. Bibliowicz, whose intention to step down as CEO was announ

Bill Aims to Fend Off Fiduciary Status for Appraisers

Mon, 20 May 2013 11:24:52 GMT

Bill Aims to Fend Off Fiduciary Status for Appraisers PLANADVISER Staff Congressmen have introduced a bill to modify the definition of fiduciary under the Employee Retirement Income Security Act (ERISA). The bill aims to make clear appraisers of employee stock ownership plans (ESOPs) are not ERISA

Small Plans Early Adopters of In Plan Guarantees

Mon, 20 May 2013 11:18:31 GMT

Small Plans Early Adopters of In-Plan Guarantees Kevin McGuinness Defined contribution (DC) in-plan guarantee assets totaled $2.2 billion as of December 2012, according to a new LIMRA survey. Early adoption of in-plan guarantees has occurred most often on small retirement plans (assets less than $10 m

Former Sen Picked to Head SIFMA

Mon, 20 May 2013 10:12:38 GMT

Former Senator Picked to Head SIFMA Jill Cornfield Judd A. Gregg, a former three-term senator, was appointed chief executive officer of the Securities Industry and Financial Markets Association (SIFMA). During a media call Kenneth E. Bentsen Jr., who was named president of the association, told PL

Who Worries More Men or Women

Mon, 20 May 2013 10:09:27 GMT

Who Worries More, Men or Women? Jill Cornfield Retirement savings, health issues and their children’s finances are concerns for women; while men worry about debt, both household and the national level. A survey from Spectrem Group compared the relative confidence in retirement readiness of male and

Morningstar Expands Equity Research

Mon, 20 May 2013 09:33:11 GMT

Morningstar Expands Equity Research PLANADVISER Staff Morningstar, Inc. expanded its equity coverage with the introduction of quantitative ratings and reports for approximately 28,000 companies globally. The new ratings—Quantitative Fair Value Estimate, Quantitative Valuation, Quantitative Uncertai

Mesirow Fiduciary Services Available on RPG Platform

Mon, 20 May 2013 09:31:23 GMT

Mesirow Fiduciary Services Available on RPG Platform Kevin McGuinness Mesirow Financial and RPG Consultants announced an alliance for 3(38) fiduciary services. Investment fiduciary services for Mesirow, a Chicago-based retirement solutions firm, are now available on the open architecture platform of t

Retirement Income Sources Depend on Income Age

Mon, 20 May 2013 09:29:47 GMT

Retirement Income Sources Depend on Income, Age Kevin McGuinness Both income and age affect how preretirees foresee funding for their retirement, according to a recent Gallup poll. Gallup’s “Economy and Personal Finance” poll found that among all preretirees, or nonretirees, the top five expected sour

What It Takes to Recruit or Acquire

Fri, 17 May 2013 12:20:53 GMT

What It Takes to Recruit or Acquire Jill Cornfield What are the best ways to go about attracting advisers to a firm when it is looking to expand? Growth at an advisory firm can be organic or inorganic, but advisers should have a strategy for increasing business. (See “Advisers Need Growth Strateg

Helping Sponsors Create Super Saver Employees

Tue, 21 May 2013 08:23:57 GMT

Helping Sponsors Create ‘Super Saver’ Employees Corie Russell Plan advisers play a vital role in helping sponsors understand how their decisions ultimately impact participants. According to findings from the recent Transamerica Retirement Readiness Summit, advisers can use these five steps to hel

Employer Match Changes Not Widespread Reaction

Fri, 17 May 2013 12:25:17 GMT

Employer Match Changes Not Widespread Reaction Rebecca Moore When you look at the big picture, defined contribution plan sponsors making changes to matching contributions was not a widespread reaction to the recession. An analysis of more than 9,000 retirement plans administered by Fidelity Investm

Fidelity Provides Mobile Access to Accounts

Fri, 17 May 2013 09:09:00 GMT

Fidelity Provides Mobile Access to Accounts PLANADVISER Staff Fidelity Investments has introduced its NetBenefits Smartphone application. Available across various platforms—including iPhone and iPod touch devices, Android phones, and Safari and Google Chrome browsers—the app enables users to visu

CUNA Mutual Group Hires Strategic Accounts Head

Fri, 17 May 2013 07:12:00 GMT

CUNA Mutual Group Hires Strategic Accounts Head PLANADVISER staff Chris Phillips was hired as director of strategic accounts in the retirement plan services division of CUNA Mutual Group. Phillips will lead all key account responsibilities with defined contribution investment only (DCIO) fund fam

Considering a Holistic Glide Path Solution

Thu, 16 May 2013 12:38:57 GMT

Considering a Holistic Glide Path Solution Corie Russell In the current low-rate environment, defined benefit (DB) plan sponsors may want to implement a “holistic” glide path solution. Conceptually, the traditional glide path approach to de-risking may make sense because it provides a disciplined f

CFP Board Aims to Boost Those Female Ranks

Thu, 16 May 2013 12:26:16 GMT

CFP Board Aims to Boost Those Female Ranks Jill Cornfield The relatively small percentage of women in the ranks of certified financial planners has spurred an initiative by Certified Financial Planner Board (CFP) of Standards Inc. “As more and more Americans need help to meet their financial g

Pension Risk Transfer Attractiveness On Even Keel

Thu, 16 May 2013 09:55:01 GMT

Pension Risk Transfer Attractiveness On Even Keel Jill Cornfield Even through a waning rate environment, the relative attractiveness of annuitizing pension liabilities stayed stable. The Dietrich Pension Risk Transfer Index took a slight dip from April’s 86.61, settling at 85.81 as of May 1. Decl

Mutual Fund Inflows Moderate in April

Thu, 16 May 2013 09:12:17 GMT

Mutual Fund Inflows Moderate in April Kevin McGuinness Inflows for long-term mutual funds during April stood at a healthy $37.8 billion, according to a report from Morningstar, Inc. However, inflows continued to moderate from levels seen earlier this year. Inflows for U.S. equity funds slowed to $895

Goldman Launches Multi Manager Alternatives Fund

Thu, 16 May 2013 09:08:45 GMT

Goldman Launches Multi-Manager Alternatives Fund Kevin McGuinness Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Multi-Manager Alternatives Fund to bring alternative investments to a wider investor base. According to Goldman, the fund offers exposure to a range of alternative and

Lessons From Australias Retirement System

Wed, 15 May 2013 12:12:41 GMT

Lessons From Australia’s Retirement System When it comes to retirement savings, the U.S. could learn a few things from The Land Down Under. Australia’s retirement system consistently ranks among the best in the world, making it a great model for the U.S. Compared with other industrial nations, Aust

Accumulations Done Now What

Wed, 15 May 2013 11:45:15 GMT

Accumulation’s Done. Now What? Jill Cornfield How much, and when, to make withdrawals from individual retirement accounts (IRAs) in retirement was studied by the Employee Benefit Research Institute (EBRI). More Baby Boomers are entering retirement with large portions of their retirement savings

Plan Sponsors Use Social Media for Provider Data

Wed, 15 May 2013 11:36:45 GMT

Plan Sponsors Use Social Media for Provider Data Kevin McGuinness More plan sponsors are embracing social media to access plan-relevant information from multiple sources, a new study found. The “4th Annual Retirement Planscape 2013” study, conducted by Cogent Research, revealed 63% of defined contribu

Deutsche Bank Names Wealth Management Head

Wed, 15 May 2013 10:32:25 GMT

Deutsche Bank Names Wealth Management Head PLANADVISER staff Jerry W. Miller has been appointed head of the asset and wealth management division for the Americas at Deutsche Bank. Miller is based in New York and reports to Michele Faissola, head of asset and wealth management. He joins the firm

Retirement Readiness Needs Greater Effort

Wed, 15 May 2013 09:54:08 GMT

Retirement Readiness Needs Greater Effort PLANADVISER Staff Lack of retirement readiness is a global problem, with retirement illiteracy a major factor. According to “The Changing Face of Retirement: the Aegon Retirement Readiness Survey 2013,” conducted by Aegon, the Transamerica Center for Retire

Russell Updates Corporate Pension Finance Handbook

Wed, 15 May 2013 09:50:09 GMT

Russell Updates Corporate Pension Finance Handbook Kevin McGuinness Russell Investments has updated its “Corporate Pension Finance Handbook,” which addresses topics affecting corporate pension plans. The firm added information about the Moving Ahead for Progress in the 21st Century Act (MAP-21) and pe

Tegrit Names Retirement Plan Services VP

Wed, 15 May 2013 07:11:38 GMT

Tegrit Names Retirement Plan Services VP Kevin McGuinness Paula M. Lewis was named vice president of retirement plan services at Tegrit Group, a third-party administrator. In this new role, Lewis will oversee the defined contribution, technical and legal compliance, participant services, and client

ETF Allocation Looks Ready to Rise

Tue, 14 May 2013 12:15:40 GMT

ETF Allocation Looks Ready to Rise Jill Cornfield The average exchange-traded fund (ETF) allocation in advisers’ client portfolios is expected to rise to 7.8% in 2013, according to Cerulli Associates. Growth was stagnant in previous years, according to the Boston-based global analytics fi

Target Maturity Funds Up 5pct in Q1 2013

Tue, 14 May 2013 11:03:18 GMT

Target-Maturity Funds Up 5% in Q1 2013 PLANADVISER Staff Overall, target-maturity funds had a good first quarter in terms of performance and asset inflows, according to Morningstar’s Ibbotson Associates. Target-maturity funds returned 5.3% on average for the quarter and more than 9% for the 12-mont

Third Quarter of Positive Returns for Master Trusts

Tue, 14 May 2013 11:00:28 GMT

Third Quarter of Positive Returns for Master Trusts Kevin McGuinness The median return of the BNY Mellon U.S. Master Trust Universe was 4.53% for the first quarter, marking the third consecutive quarter of positive returns. This return was driven largely by strong U.S. equity performance, according to

Torabi Helps MassMutual Expand Education

Tue, 14 May 2013 10:56:45 GMT

Torabi Helps MassMutual Expand Education Rebecca Moore Farnoosh Torabi has expanded her relationship with Massachusetts Mutual Life Insurance Company (MassMutual) to help bring financial education to young adults. Torabi, an independent Gen Y Money Coach, author and TV personality, has been working

What Is Derailing Boomer Retirement

Tue, 14 May 2013 10:40:34 GMT

What Is Derailing Boomer Retirement? Jill Cornfield Study after study has demonstrated Baby Boomers’ lack of preparedness and confidence in their retirement savings, and Ameriprise Financial Inc. has attempted to uncover the causes. Retired and pre-retired Americans report they’ve lost, on ave

Guardian Retirement Adds Regional Sales VPs

Tue, 14 May 2013 09:53:59 GMT

Guardian Retirement Adds Regional Sales VPs Kevin McGuinness Michael Fennessy, John Jennings and Jonathon Matson were named regional vice presidents of retirement plan sales at The Guardian Insurance & Annuity Company Inc. Fennessy will focus on retirement sales in Alaska, Washington, Oregon a

Stock and Bond Funds Maintained Strong Pace in April

Tue, 14 May 2013 09:48:25 GMT

Stock and Bond Funds Maintained Strong Pace in April Kevin McGuinness Stock and bond funds maintained a strong pace of net inflows during April, netting nearly $50 billion (including exchange-traded funds or ETFs), according to Strategic Insight, an Asset International company. The first four months o

New Product Evaluates Target Date Funds

Tue, 14 May 2013 09:43:53 GMT

New Product Evaluates Target-Date Funds Kevin McGuinness Plan Sponsor Advisors (PSA) has released a diagnostic tool which helps determine the best target-date strategies for retirement plans based on behaviors and demographics. Earlier this year, the U.S. Department of Labor (DOL) issued additional gu

OppenheimerFunds Enhances College Plan

Mon, 13 May 2013 12:25:30 GMT

OppenheimerFunds Enhances 529 Plan Jill Cornfield A wider array of investment options, an adviser-focused micro site and new branding are among the improvements to OppenheimerFunds’ Scholar’s Edge 529 Plan. The existing investment options now include Portfolio Allocator, which provides the opportu

ASPire Appoints Chief Marketing Officer

Mon, 13 May 2013 11:27:23 GMT

ASPire Appoints Chief Marketing Officer PLANADVISER staff Shelia Reed joined ASPire Financial Services LLC as senior vice president and chief marketing officer. Reed has 20 years of experience in marketing and communications. At ASPire, she is tasked with managing the overall strategy, direction a

Using Coffee to Better Understand Investing

Mon, 13 May 2013 11:21:04 GMT

Using Coffee to Better Understand Investing Kevin McGuinness The Vanguard Group launched a campaign that uses coffee to help people better understand the role costs play in long-term investing. Vanguard’s mobile At-Cost Café will sell hot and cold cups of coffee for $0.26, one-fifth the average price.

Institutions Broadening Use of Alternatives

Mon, 13 May 2013 11:02:47 GMT

Institutions Broadening Use of Alternatives Rebecca Moore Institutions are seeking more consistent returns across economic environments, according to new research from Cerulli Associates. The May 2013 issue of “The Cerulli Edge-U.S. Asset Management Edition” says institutions are overhauling portfo

Opinion Issued About NQDC Lump Sum and State Tax

Fri, 10 May 2013 12:14:57 GMT

Opinion Issued About NQDC Lump Sum and State Tax Kevin McGuinness The New York State Department of Taxation and Finance decided a lump-sum payment from the non-qualified retirement plans of a bankrupt plan sponsor was not subject to state income tax. In this case, the petitioner of

Strategic Partnership Offers Adviser Education

Fri, 10 May 2013 11:50:52 GMT

Strategic Partnership Offers Adviser Education Jill Cornfield Retirement plan industry training from a partnership of firms and industry organizations is intended to help advisers maintain and grow their retirement plan practice. Matrix Financial Solutions teamed with the American Society of Pen

LCG Associates Adds Consultant

Fri, 10 May 2013 10:33:59 GMT

LCG Associates Adds Consultant PLANADVISER staff Richard K. Ciccione was hired as a consultant by LCG Associates Inc., an investment consulting firm headquartered in Atlanta. Ciccione has nine years of industry experience and is based in the Atlanta office, where his responsibilities include inve

CapTrust Advisors Adds to Retirement Group

Fri, 10 May 2013 09:31:56 GMT

CapTrust Advisors Adds to Retirement Group Kevin McGuinness Ann M. O’Connell has joined CapTrust Advisors of Tampa, Florida, in their institutional retirement group. O'Connell will be based in Atlanta, Georgia, and work throughout the southeastern United States. She began her career at Coopers and

Global Investment Research Alliance Established

Fri, 10 May 2013 12:28:07 GMT

Global Investment Research Alliance Established Kevin McGuinness Segal Rogerscasey and Frontier Advisors have established of the Global Investment Research Alliance (GIRA). The objective of the Alliance is to share research about investment managers among member firms across global regions. In additio

New York Firm Unveils IRA Selection Tool

Fri, 10 May 2013 09:14:06 GMT

New York Firm Unveils IRA Selection Tool Jill Cornfield Wealth Management Systems Inc. introduced a tool to simplify deciding between a traditional and a Roth individual retirement account (IRA) plan. The IRA Selection Tool walks users through the input process to determine which IRA is appropriat

Independence for Advisers Has Its Rewards

Thu, 09 May 2013 12:22:01 GMT

Independence for Advisers Has Its Rewards PLANADVISER staff According to a study by Fidelity, advisers who moved to an independent model saw the greatest increase in compensation. The second annual “Insights on Independence” examined advisers’ motives for staying with a firm or leaving. The ind

When Returns Are Good Should Expectations Match

Thu, 09 May 2013 12:25:14 GMT

When Returns Are Good, Should Expectations Match? Jill Cornfield Russell Investments’ Asset Class Dashboard was developed to help advisers establish context and perspective with clients when evaluating the performance of asset classes. “The concern was that investors were starting to h

Newkirk Completes Roth Conversion Analyzer

Thu, 09 May 2013 11:17:50 GMT

Newkirk Completes Roth Conversion Analyzer Kevin McGuinness Newkirk, a provider of marketing communications for financial and health care companies, announced completion of its Roth Conversion Analyzer. The Analyzer will accommodate new tax law provisions allowing for more in-plan Roth conversion opti

TIAA CREF Names Head of Asset Management

Thu, 09 May 2013 10:15:46 GMT

TIAA-CREF Names Head of Asset Management Kevin McGuinness Robert Leary has been named executive vice president and president of TIAA-CREF Asset Management. Leary will start in his new position on June 24, based in the company’s New York headquarters. He will report to CEO Roger W. Ferguson Jr. and se

Invesco PowerShares Builds Out Fixed-Income Line

Thu, 09 May 2013 09:50:53 GMT

Invesco PowerShares Builds Out Fixed-Income Line Jill Cornfield The PowerShares Fundamental Emerging Markets Local Debt Portfolio (PFEM) was unveiled by Invesco PowerShares, trading on the NYSE Arca. The fund expands Invesco PowerShares’ fundamental fixed-income line with the emerging market

BNY Mellon Creates Performance Analytics Role

Thu, 09 May 2013 06:04:55 GMT

BNY Mellon Creates Performance Analytics Role PLANADVISER staff Bruce Feibel was named head of performance analytics at BNY Mellon Investment Management. In a newly created position that supports oversight of BNY Mellon’s investment managers, Feibel is responsible for leading performance and risk

Fixed Income Veteran Joins MacKay Shields

Wed, 08 May 2013 12:17:53 GMT

Fixed Income Veteran Joins MacKay Shields PLANADVISER Staff MacKay Shields LLC hired Laurie Russman to the firm’s distribution team as managing director. In this newly created position, Russman is responsible for further developing the fixed income-focused investment management firm’s relationships

ETF Assets Increase During April

Wed, 08 May 2013 10:49:03 GMT

ETF Assets Increase During April Kevin McGuinness Exchange-traded fund (ETF) assets increased by $24.1 billion, or 1.7%, in April. According to State Street Global Advisors (SSgA) most-recent “ETF Snapshot” report 1,252 ETFs, with assets totaling $1.5 trillion, were managed by 37 ETF managers as of Ap

Institutional Investors See Another Good Quarter

Wed, 08 May 2013 10:44:08 GMT

Institutional Investors See Another Good Quarter Rebecca Moore Double digit U.S. equity returns powered a solid first quarter for all institutional plan types, according to the Wilshire Trust Universe Comparison Service (TUCS). "The first quarter performance spread for median plan return types was

Advisory Ranks Continue Shrinking

Tue, 07 May 2013 11:58:52 GMT

Advisory Ranks Continue Shrinking Jill Cornfield Terminations, retirements and those exiting the industry by choice have all taken their toll on the adviser headcount, which slipped 1.4% in the past year. In “The Cerulli Edge Advisor Edition,” Cerulli Associates examined adviser demographics, tra

Manager Search Activity Driven by Yields Diversification

Tue, 07 May 2013 11:11:29 GMT

Manager Search Activity Driven by Yields, Diversification Kevin McGuinness Manager search activity increased in 2012 as institutional investors looked to diversify their portfolios, according to data released by Mercer. Institutional investors pursued opportunities in the international equity, U.S.

DOL Seeks Comments About Lifetime Income Data

Tue, 07 May 2013 09:21:58 GMT

DOL Seeks Comments About Lifetime Income Data Kevin McGuinness The U.S. Department of Labor (DOL) is seeking comments about rules for lifetime income illustrations provided to defined contribution (DC) plan participants. An advance notice of proposed rulemaking from the DOL's Employee Benefits Security

SandP 1500 Pension Funding Levels Slip

Mon, 06 May 2013 12:00:53 GMT

S&P 1500 Pension Funding Levels Slip Kevin McGuinnes May 6, 2013 (PLANSPONSOR.com) – S&P 1500 pension plan funding levels slipped 2% in April as a decline in interest rates offset the effect of a stronger equity market, according to Mercer. After significant improvements during the first qu

Open Advice June 4 to 6

Mon, 06 May 2013 11:49:06 GMT

Open Advice June 4 – 6 PLANADVISER staff The Advisory Council on Employee Welfare and Pension Benefit Plans will hold an open meeting at the Department of Labor (DOL) June 4 to 6. The council—also known as the Employee Retirement Income Security Act (ERISA) Advisory Council—will discuss: Lo

Notice Filing Bill Passes Florida Senate

Fri, 03 May 2013 12:05:00 GMT

Notice-Filing Bill Passes Florida Senate Jill Cornfield The bill, SB 814, affects financial services firms with affiliated financial advisers in Florida, regardless of where the firm’s headquarters are located. Florida’s Senate Banking and Insurance Committee unanimously passed the bil

Budget Proposal Could Create Administrative Headache

Mon, 06 May 2013 06:00:48 GMT

IRA Proposal Could Create Administrative Headache Corie Russell President Obama’s proposal to cap individual retirement accounts (IRAs) not only has the potential to affect participants — it may also add administrative work for sponsors and advisers. The proposed fiscal year 2014 budg

Groups Urge IRS to Streamline PreApproved Plans

Fri, 03 May 2013 08:57:21 GMT

Groups Urge IRS to Streamline Pre-Approved Plans PLANADVISER Staff The American Society of Pension Professionals & Actuaries (ASPPA) and the National Tax Sheltered Accounts Association (NTSAA) requested changes to pre-approved plan programs. In a statement from Craig P. Hoffman, general counsel

Regulations Whats Happened and Whats Coming

Wed, 01 May 2013 11:27:58 GMT

Regulations: What’s Happened and What’s Coming Retirement plan sponsors have been dealing with several regulatory initiatives in the past year and more are coming. Stephen M. Saxon, partner at Groom Law Group, started his session at the 42 nd Annual Retirement & Benefits Management Seminar by

Another Argument for Smaller Investment Menus

Wed, 01 May 2013 11:30:10 GMT

Another Argument for Smaller Investment Menus Rebecca Moore A new study offers another argument for providing plan participants with a shorter menu of investment options. Rather than noting the confusion investors can experience when offered a wide array of investment options, the study, authored b

Institute Raises Budget Concerns to Legislators

Tue, 30 Apr 2013 12:11:57 GMT

Institute Raises Budget Concerns to Legislators Kevin McGuinness The SPARK Institute submitted a letter to legislators raising concerns about proposed 2014 budget provisions that could impact retirement savings. The statement, submitted the House Committee on Ways and Means and the Working Group on Pe

Market Lessons for Investing Plan Assets

Tue, 30 Apr 2013 12:14:04 GMT

Market Lessons for Investing Plan Assets Rebecca Moore The economy is experiencing some familiar trends, but certain details should dictate different investing reactions. Andres Garcia-Amaya, vice president and market strategist at J.P. Morgan Asset Management, noted that fixed income investments h

412e3 Plans for Small Business Clients

Tue, 30 Apr 2013 11:15:57 GMT

412(e)(3) Plans for Small-Business Clients Corie Russell A 412(e)(3) fully insured defined benefit (DB) plan might be the right solution for small-business clients with stable profits. In a 412(e)(3) plan, each participant is provided with a guaranteed, pre-determined benefit amount that is define

IRS Updates DB Forms and Documents

Tue, 30 Apr 2013 10:12:19 GMT

IRS Updates DB Forms and Documents Kevin McGuinness The Internal Revenue Service (IRS) has been updating a number of documents and forms for defined benefit (DB) plans. On February 1, the IRS began accepting applications for opinion and advisory letters for preapproved DB plans for the second six-y

IRS to Hold Call About 403b Corrections

Tue, 30 Apr 2013 07:56:03 GMT

IRS to Hold Call About 403(b) Corrections PLANADVISER staff The Internal Revenue Service (IRS) has scheduled a phone forum about 403(b) corrections and examination trends. Revenue Procedure 2013-12 expanded corrections for 403(b) plan failures under the IRS Employee Plans Compliance Resolution Syst

LIMRA Reports Financial Literacy Failings

Mon, 29 Apr 2013 12:31:01 GMT

LIMRA Reports Financial Literacy Failings PLANADVISER Staff LIMRA asked 2,000 Americans a series of basic financial and retirement questions—and one-third failed the test. Most Americans probably do not know that April is Financial Literacy Month, but only about one-third are actually financially i

Circuit Applies Presumption of Prudence to Marshall Ilsley

Mon, 29 Apr 2013 08:09:24 GMT

7th Circuit Applies Presumption of Prudence to Marshall & Ilsley Rebecca Moore The 7 th U.S. Circuit Court of Appeals determined Marshall & Ilsley was entitled to a presumption of prudence for holding company stock in its retirement plan. Despite the Secretary of Labor weighing in with an

NYC Pension Funds Sue BP

Mon, 29 Apr 2013 07:27:00 GMT

NYC Pension Funds Sue BP Kevin McGuinness The New York City Pension Funds have filed a lawsuit against British Petroleum (BP). The City Pension Funds are seeking to recover investment losses caused by BP’s fraudulent statements issued prior to, and after, the April 20, 2010 Deepwater Horizon disaster,

Bond Rally Could be Ending

Fri, 26 Apr 2013 12:41:50 GMT

Bond Rally Could be Ending PLANADVISER Staff April 26, 2013 (PLANSPONSOR.com) – Profits from rising bond prices have convinced investors their bond investments are safe even though inflation-adjusted yields on 10-year Treasury notes have been less than zero since January 2012. “Treasuries and other

Advisers Must Change to Win More Business

Fri, 26 Apr 2013 11:53:43 GMT

Advisers Must Change to Win More Business Jill Cornfield A survey of retirement plan advisers (called “consultants” in the study) said they must make changes if they want to increase sales and retain more business. Among the topics examined in the “2012 Perspectives Study: Retirement Plan Consu

IRS to Discuss 401k Questionnaire Findings

Wed, 24 Apr 2013 10:43:30 GMT

IRS to Discuss 401(k) Questionnaire Findings PLANADVISER staff The Internal Revenue Service is hosting a phone forum to discuss findings from its 401(k) Compliance Questionnaire. The “401(k) Compliance Check Questionnaire Final Report” covers plan form and operational issues compiled from data prov

Understanding the Layers of Social Security Benefits

Wed, 24 Apr 2013 11:24:52 GMT

Understanding the Layers of Social Security Benefits Many Americans rely on social security as a significant retirement asset, and the Social Security options they select can make a substantial difference on the income they will receive in retirement. There is a conventional belief that colle

Dont Be an Accidental Fiduciary

Wed, 24 Apr 2013 06:37:55 GMT

Don’t Be an “Accidental” Fiduciary Rebecca Moore With regulatory changes coming, advisers need to reconsider their fiduciary status. The Securities and Exchange Commission (SEC) is preparing to issue a uniform fiduciary standard, and the Department of Labor’s (DOL) second attempt at redefining the

IRS Gives Amendment Relief to Certain ESOPs

Tue, 23 Apr 2013 08:06:35 GMT

IRS Gives Amendment Relief to Certain ESOPs PLANADVISER staff The Internal Revenue Service (IRS) is granting relief for employee stock ownership plans (ESOPs) that have to make amendments to satisfy diversification requirements. Notice 2013-17 provides relief from the anti-cutback requirements of §

Fidelity Accused of Self Dealing in New Lawsuit

Mon, 22 Apr 2013 09:30:10 GMT

Fidelity Accused of Self-Dealing in New Lawsuit Rebecca Moore A lawsuit filed against Fidelity (FMR) accuses it of self-dealing at the expense of its own workers’ retirement savings. The complaint brought by an FMR LLC Profit Sharing Plan participant on behalf of all participants says the history o

Ambulance Firm Failed to Credit Contributions

Mon, 22 Apr 2013 09:26:58 GMT

Ambulance Firm Failed to Credit Contributions PLANADVISER staff The Department of Labor (DOL) says a bankrupt ambulance services company in LaVergne, Tennessee, failed to credit employees’ 401(k) contributions. The DOL is suing Empact Medical Services Inc. and its officers Angela Cotter and Elizabe

“Top Hat” Plan Assets Not Protected by ERISA

Mon, 22 Apr 2013 08:12:10 GMT

“Top Hat” Plan Assets Not Protected by ERISA Rebecca Moore A court ruled an executive’s supplemental retirement plan assets are not protected by his employer’s creditors. U.S. District Judge Catherine C. Blake of the U.S. District Court for the District of Maryland found Cecil Bank’s Supplemental E

To Serve DC Plans Know the Need

Thu, 18 Apr 2013 08:39:19 GMT

To Serve DC Plans, Know the Need Financial advisers can provide a valuable and necessary service to both defined contribution (DC) plan sponsors and participants—if advisers know what they need. Participants in defined contribution (DC) plans today cannot count on strong stock market returns to bu

No Sophomore Blues for These Second Year RIAs

Mon, 15 Apr 2013 06:28:57 GMT

No Sophomore Blues for These Second-Year RIAs Jill Cornfield Unsurprisingly, client retention is one of the top areas of focus for advisers who make the move to the independent model. According to a survey of 40 “sophomore year” independent registered investment advisers (RIAs) who custody with Sch

Disruption Could Get Advisers Back in Sync

Fri, 12 Apr 2013 11:18:59 GMT

‘Disruption’ Could Get Advisers Back in Sync Jill Cornfield Advisers might want to take a look under the hood to see what’s causing private investors to think it is better to go it alone. The rocky financial markets of the past few years seem to have fundamentally altered the mindset of mass afflue

How to Combat Inertia and Offer the Right Options

Fri, 12 Apr 2013 09:19:36 GMT

How to Combat Inertia and Offer the Right Options Corie Russell In light of National Retirement Planning Week, April 8 to 12, industry experts share their thoughts about how advisers can foster employees’ retirement success. Retirement planning tools are useful to participants, but access

Social Media as a 24 7 Kitchen Table

Fri, 05 Apr 2013 11:53:10 GMT

Social Media as a 24/7 Kitchen Table Jill Cornfield It is increasingly being used as a business tool, but users can run into compliance issues on social media when they tweet or post an update. The Securities and Exchange Commission (SEC) early in April issued another report on using Facebook, Tw

What Lies Ahead for Advisers and Clients

Thu, 28 Mar 2013 11:56:43 GMT

What Lies Ahead for Advisers and Clients Corie Russell The future for advisers includes more fiduciary responsibility and a focus on participant outcomes, said panelists at PLANADVISER’s 2013 Top 100 Retirement Plan Advisers seminar on Wednesday. “I think the next big thing is going to focus on par

Right Adviser Wrong Product

Thu, 14 Mar 2013 12:42:08 GMT

Right Adviser, Wrong Product? Jill Cornfield Advisers may think they are recommending the best products, but what do their clients think of the advice? Clients feel their advisers recommend products that don’t fit their risk profiles, according to research from Cerulli Associates. A brief risk-pro

Tax Legislation and Trends Deferred Comp Sales Opportunities

Tue, 12 Mar 2013 21:32:38 GMT

Tax Legislation + Trends = Deferred Comp Sales Opportunities The American Taxpayer Relief Act of 2012, otherwise known as the “fiscal cliff” tax legislation, had no direct impact on the tax treatment of nonqualified deferred compensation (NQDC) plans. But the tax implications for an employer’s highly com

Adviser Efficiency Stems From Integrating Systems

Tue, 05 Mar 2013 10:34:56 GMT

Adviser Efficiency Stems From Integrating Systems Jill Cornfield Advisers need to integrate workflows, technology and human capital, according to a white paper from Fox Financial Planning Network (FFPN). FFPN highlights the factors that advisers’ businesses must have to maximize firm efficiency.

Prospecting100M Plans Yields Success

Tue, 05 Mar 2013 08:00:42 GMT

Prospecting $100M+ Plans Yields Success Lee Barney Advisers divulged winning strategies at NAPA/ASPPA 401(k) Summit. LAS VEGAS—While retirement plan advisory services is largely a referral industry, it is possible to successfully solicit new plan sponsor clients, even among mid to large-size plans.

Nationwide Helps Advisers Tackle Tough Issues

Fri, 22 Feb 2013 11:21:01 GMT

Nationwide Helps Advisers Tackle Tough Issues Jill Cornfield Nationwide takes on client fears and retirement planning challenges in “Let’s Face It Together,” a newly launched campaign that supports advisers. On the individual level, clients are experiencing a lot of angst, Bill Burke, senior vice

Advisers Focusing More on Plan Design

Thu, 21 Feb 2013 05:13:03 GMT

Advisers Focusing More on Plan Design Corie Russell Advisers are discovering that demonstrating better retirement plan outcomes through plan design is the ticket to differentiating themselves in a competitive industry. “They’re focusing more time than ever on the actual plan design,” George Cast

Putnam Campaign Advises Anticipating Not Reacting

Thu, 07 Feb 2013 06:54:55 GMT

Putnam Campaign Advises Anticipating, Not Reacting Jill Cornfield Putnam Investments aims to shine a light on the critical role of innovation in driving outcomes for advisers and investors. The firm is kicking off an awareness-building campaign to discuss the important distinction between antic

Teamwork Key to Attracting Next Gen

Wed, 06 Feb 2013 06:51:53 GMT

Teamwork Key to Attracting Next Gen Lee Barney With 237,000 advisers on track to retire in the next decade, a Pershing survey uncovers the priorities of advisers age 25 to 39. Teamwork, technology, financial success and a distinct career path are the main concerns of the next generation of adviser

Matrix Financial Releases ERISA Practice Guide

Tue, 29 Jan 2013 07:50:58 GMT

Matrix Financial Releases ERISA Practice Guide Jill Cornfield In “ERISA Fiduciary Issues: A Practice Guide for Advisors,” Matrix Financial Solutions outlines the responsibilities of an ERISA fiduciary. Matrix’s practice guide offers an in-depth look into the Employee Retirement Income Security

More Provider Relationships for HNW Investors

Fri, 18 Jan 2013 09:54:45 GMT

More Provider Relationships for HNW Investors Jill Cornfield Since the financial crisis, high-net-worth (HNW) investors have been averaging nearly four investment provider relationships, Cerulli research found. High-net-worth investors maintain an average of 3.7 investment provider relationshi

Retirement Plan Would Be a Win Win for Working Families Employers

Fri, 03 Aug 2012 13:07:18 GMT

Retirement Plan Would Be a Win-Win for Working Families, Employers Sen. Tom Harkin I want to rebuild the pension system, but I need your help. Last week, I released a proposal to create a new type of privately run retirement plan. The idea is to make pensions attractive again by eliminating the

The Secret to a Happy Retirement

Thu, 19 Jan 2012 04:01:31 GMT

Perspective: The Secret to a Happy Retirement E. Thomas Foster Jr. Bobby Layne, the Hall of Fame quarterback for the Detroit Lions, once described the perfect plan for generating an income in retirement: “The secret to a happy life,” Layne mused, “is to run out of cash and air at the same time.” Unfor

Mitigating Risks in Deferred Compensation

Thu, 19 Jan 2012 03:57:04 GMT

Mitigating Risks in Deferred Compensation Jeff Wirth For many plan advisers, deferred compensation is an unexplored area of retirement services—but one that offers many potential rewards. Advisers will discover plans with large account balances, hands-on access to a client’s senior executives, and

IMHO Thanks Giving 2011

Sat, 29 Oct 2011 11:58:19 GMT

IMHO: Thanks Giving Nevin E. Adams, JD A fter a dozen years here at PLANSPONSOR and PLANADVISER , effective November 1, I will join the Employee Benefit Research Institute (EBRI) in Washington, D.C., as Director, Education and External Relations, and Co-Director of the EBRI Center for Research on Retire

IMHO Lessened Learned

Sat, 22 Oct 2011 19:33:38 GMT

IMHO: Lessened, Learned? Nevin E. Adams, JD When I’m talking to plan sponsors (and advisers) about the challenges of being an ERISA fiduciary, a lot of things come to mind. I’m generally inclined to emphasize the awesome responsibilities that come with the “assignment”: the impact exerted on part

IMHO Catching Your Drift

Mon, 17 Oct 2011 02:22:46 GMT

IMHO: Catching Your "Drift" Nevin E. Adams, JD I recently found myself driving in an unfamiliar city without the aid of a GPS (global positioning system). Sadly, I had become so accustomed to having that device available, I hadn’t even taken the time to print out instruction

IMHO The IKEA Experience

Sun, 09 Oct 2011 07:38:20 GMT

IMHO: The IKEA “Experience” Nevin E. Adams, JD We spent some time this past weekend getting my eldest daughter squared away in her new apartment. It’s her first, and as with nearly all first apartments, there is a lot you need to get that you never needed in your room at home or in your dorm

IMHO Nigh Five

Sun, 02 Oct 2011 18:17:46 GMT

IMHO: “Nigh” Five Nevin E. Adams, JD A few weeks back, I offered some notions about what the next five years will bring in terms of industry trends. However, in preparing for our recent PLANADVISER National Conference, I came up with five more (see “ IMHO: Fifth ‘Avenues ’”).

IMHO Better Business

Sun, 25 Sep 2011 14:17:33 GMT

IMHO: “Better” Business Nevin E. Adams, JD There was another judicial decision in another revenue-sharing case earlier this month—and another victory for a plan sponsor. The case was Loomis v. Exelon , a case argued before the 7th U.S. Circuit Court of Appeals (see Appellate Court

IMHO Working Outs

Sun, 18 Sep 2011 11:47:37 GMT

IMHO: Working “Outs”? Nevin E. Adams, JD Last week the Senate Finance Committee held a hearing on “promoting retirement security.” While options were presented to improve things (see “ Industry Groups Urge No Changes to Retirement Savings Tax Advantages ” , the discussion quickly

IMHO Back Pay

Sun, 11 Sep 2011 18:12:16 GMT

IMHO: “Back” Pay? Nevin E. Adams, JD During last week’s GOP presidential candidate debate, Texas Governor Rick Perry grabbed headlines by reaffirming his position that Social Security is a “Ponzi scheme.” Pundits were quick to jump on the comment, apparently believing that such rhetori

IMHO Hurricane Forces

Sat, 27 Aug 2011 03:41:31 GMT

IMHO: Hurricane Forces Nevin E. Adams, JD It’s been a stressful week—and it’s not over yet. Over the past 10 days, I’ve managed to survive three college move-ins, an earthquake in our nation’s capital and—with a little luck—a hurricane bearing down on the Northeast even as I writ

Preparing for Nonfinancial Shocks

Wed, 24 Aug 2011 04:55:16 GMT

Perspective: Preparing for ‘Nonfinancial Shocks’ E. Thomas Foster Jr. When The Hartford asked Americans age 45 and older about their retirement plans, two in five said they intended to work longer and delay retirement, or work part time as a way to generate income in retirement. The study, condu

IMHO Checking Accounts

Sun, 21 Aug 2011 18:26:42 GMT

IMHO: “Checking” Accounts Nevin E. Adams, JD I finally got to the dentist last week. Don’t get me wrong, I like my dentist. The folks there are more than nice, they treat you like an adult (even when you clearly haven’t flossed since your last visit), and they outline options in a w

IMHO Decision Points

Sun, 14 Aug 2011 10:23:13 GMT

IMHO: Decision “Points” Nevin E. Adams, JD I have watched with increasing interest the growing furor over the Department of Labor’s proposed new fiduciary definition. My first impressions of the proposal were positive: generally speaking, IMHO, the more people who work with ERISA plans that

IMHO Fifth Avenues

Mon, 08 Aug 2011 02:11:29 GMT

IMHO: “Fifth” Avenues Nevin E. Adams, JD The year we began publishing PLANADVISER was a big year in many ways for me. That year marked my twentieth wedding anniversary, it was the year my father passed away, the year my eldest went off to college for the first time, and also the year that “cat

IMHO Free Ride?

Sun, 31 Jul 2011 07:14:40 GMT

IMHO: “Free” Ride? Nevin E. Adams, JD I was late to the NetFlix game—switching over only when my local Blockbuster closed its doors. Honestly, I was more than a little skeptical about paying to rent movies while spending most of the month waiting for the mail carrier to shuffle things back