Investment Service and Product Launches
John Hancock launches equity income portfolios; RBC launches U.S. mutual funds with exposure to global markets; FundFront unveils third liquid...
Certified Financial Planner Board Issues Crypto Guidelines
The nonprofit warns financial planners that crypto-related assets “can be speculative and volatile.”
When Merging Retirement Planning and Wealth Management, Participants Must ‘Come First’
As retirement planning and wealth management begin to overlap, a dividing line must be drawn between them for both business...
Workers, Employers, Contributed to Retirement Plans at Record Rates
Retirement contribution rates reached record highs, with combined worker and employer contributions equal to 13.9% of pay in 2021, new...
Study: Women Say Competing Priorities Hinder Retirement Saving
Although women live longer than men, many retire earlier than planned and few can save enough to reach the income...
Democrats Suggest SEC Should Reform Scope 3 Climate Disclosure Proposal
Scope 3 disclosure requirements are losing support in Congress.
Fintech SMB Plan Providers Saw Growth in ’22 On Low-Fees, State Mandates
Firms offering low-cost smaller company retirement plans say business is booming despite market volatility, but opinions are mixed on how...
Morningstar Launches Platform to Compare, Sell Annuities
The investment research firm has built the Annuity Intelligence Center for advisers amid a boom in the insurance product due...
Investment Advisers Seek Talent Amid Staff Shortage
Investment advisers are prioritizing talent acquisition and retention due to client growth and strong business performance, according to Charles Schwab.
SageView Acquisitions Add to Financial Wellness-Focused Wealth Manager Push
SageView CEO Randy Long discusses the firm's most recent acquisitions, and what types of advisers it will be focused on...
Retirement Industry People Moves
Northwestern Mutual names new CFO; Lockton has a new U.S. chief counsel; HUB keeps expanding with insurance and benefit buys;...
Morningstar Raises “Safe” Retirement Withdrawal Rate to 3.8%
Morningstar researchers say higher interest rates and lower equity evaluations will make starting with a 3.8% withdrawal rate safe for...
Bipartisan Group Introduces Bill for Portable Federal Retirement Accounts
Legislation would establish a new program to give eligible workers access to portable, tax-advantaged accounts.
LPL Advisers Overwhelmingly Support SECURE 2.0 Even as Timeline for Passage Tightens
On the same day Senator Rob Portman, a retirement-legislation leader, gave his farewell speech, a survey from the massive independent...
Vanguard’s Defection from Net-Zero Group Further Clouds ESG Investment Commitments
Vanguard left a net-zero asset manager initiative this week in a move emphasizing the different paths financial firms are taking...
Cetera Wraps First Allied into Adviser Business
The financial services firm says it will keep the First Allied Securities brand name as it continues to expand its...
Investment Service and Product Launches
Preqin brings benchmarking to “opaque” alternative assets market; Fortress start new alternative asset investment division; Pimco fund taps private and...
Small and Medium Businesses Driving NQDC Plan Growth
Small-to-medium-sized businesses are increasingly turning to nonqualified deferred compensation plans amid a competitive market, according to data and industry players.
Fidelity Moves Adviser Services Out of Institutional Investing to Align with Brokerage and Technology
Fidelity said it has moved client services and technology out of institutional investment to improve innovation and speed to market...
Stock-Trading Platform Robinhood Launches IRA with 1% Match
Robinhood, which came to fame during the pandemic stock-trading boom, enters the retirement space via an IRA with an automatic...