Private equity firms acquire Wells Fargo Asset Management; Voya Retirement expands small-mid market corporate team; and more.
Nearly 70% of retirees say they retired earlier than they had expected, up from 50% in 2020.
Related self-dealing claims made against other national financial services providers by participants in their own retirement plans have met varying degrees of success.
Thanks to increases in longevity and lower expected returns from stocks and bonds in the foreseeable future, annuities are now seen as a big part of the solution.
As an example, if a plan sponsor has not yet started tracking part-time employees to see whether they accumulate 500 hours of service in 2021, they should begin doing so immediately.
MSCI to launch investment solutions with Microsoft, and Xtrackers by DWS launches ESG ETFs.
The court found that plaintiffs were never given clear instructions for how to exhaust their administrative remedies for claims of fiduciary breaches.
The practice believes that since so many advisory firms are acquired by aggregators, the personal attention it offers clients will come to be viewed as a precious commodity.
Experts analyzed market performances from last year and outlined what they anticipate for 2021.
Financial advisers can help them through a mix of offerings and communication.
The firm is accused of self-dealing in its retirement plan in violation of the Employee Retirement Income Security Act, to the detriment of plan participants.
The sizable transaction exhibits the continued interest of private equity firms in the advisory and asset management space, while marking 2021 as a year of rapid M&A action that will almost certainly set a new record.
The COVID-19 pandemic has added to the burden many caregivers bear.
With the acquisition of Cammack’s $154 billion book of business, CAPTRUST now reports assets in excess of $600 billion; one leader at the firm says the growth is nowhere near finished.
The proposed settlement agreement also includes non-monetary terms.
