Retirement Now a “Transition” For Many Americans, According to Smart
One in five Americans plan to work into their retirement, according to a study by the retirement technology provider.
Advisory M&A
Former Goldman Sachs execs launch wealth management consolidator with $200M; Mercer Advisors buys Andesa Financial Management; Acorns acquires UK-based financial...
Latest Decision in Hughes v. Northwestern Opens Door to More ERISA Litigation
In reviewing a 2022 case remanded by the Supreme Court, the 7th Circuit Court of Appeals allowed two of the...
Gig Workers Uncertain if They Will Retire, Likely to Self-Fund if They Do
Many freelancers plan to work beyond 65, and 30% say they don’t plan to retire at all.
Morningstar: Pandemic Caused Plan Closures, Creation Slowdown
Morningstar study sees the pandemic as a "warning" of how economic disruption can stymie new plan creation.
Wilmington Trust Focused on CIT Education Push
Retirement services head Rob Barnett say advisers, plan sponsors and Congress all need a better understanding of the DC investment...
Plan Sponsors Say They’re Seeking “Soft Skills” From Advisers
A panel of plan sponsors note both tangible and intangible traits they seek in retirement plan advisers.
Pitching Value: Advisers Discuss How to Approach Client Fees
The modern plan adviser can use multiple options to meet plan sponsors’ personalized needs.
Voya Launches Advisory Services Solution
The new program includes online investment advice, as well as managed accounts.
Managed Accounts vs. TDFs: Is the MA Cost to Participants Worth It?
Advisers discuss the values of MAs vs. TDFs as Principal launches a dynamic QDIA that defaults participants into managed accounts.
Pensionmark Appoints New M&A Head to Push Growth
Former Envestnet M&A lead joins Pensionmark about one year after the firm was acquired by World Insurance with goal of...
Adviser Group Forecasts Federal, Private Plan “Battle” Over US Retirement System
A government-led plan threatens private 401(k) industry, NAPA head tells national conference. A think tank proponent says the plan focuses...
Why 401(k) Advising Alone Isn’t Enough
Retirement plan advisers must speak to a plan sponsor’s full employee experience to compete in the current marketplace, according to...
Adviser M&A To Stay Strong in 2023, but Expect Delays
Advisor Growth Strategies reports that dealmakers are getting more creative amid high interest rates.
Social Security Trust Fund May Fall Short One Year Earlier Than Expected
Social Security's largest trust fund may be depleted in 2034, one year earlier than previously estimated, according to its Board...
Merrill Wealth Management Head Sieg Departs for Citi
The wealth leader returns to his former employer to focus on driving more “fee-based revenue.”
Investment Service & Product Launches
American Century launches actively managed ETF; Nomura starts fund with exposure to private credit; Singapore-based Eastspring launches first CIT for...
Adviser Product Partnerships
Lion Street delivers 401(k) management platform with Pontera; Annexus Retirement Solutions partners with iJoin; Capitalize powers rollovers for Robinhood Retirement...
DISH Network Retirement Plan Survives Legal Challenge
The plan had been challenged for excessive fees and underperformance under ERISA, but a federal judge dismissed the complaint.
Latino-Owned Businesses May Be Poised for 401(k) Plan Growth
As state mandates for small businesses take hold, industry players see opportunity in reaching the underserved Latino population.