Prime Capital Financial Acquires SineCera Capital
Renamed as Prime Capital Family Office, the Austin-based team will focus on ultra-high-net-worth clients.
Retirement Industry People Moves – 2/28/25
Principal appoints head of retirement solutions; benefits attorney joins Wagner Law Group; Variant Investments appoints head of institutional sales; and...
Chavez-DeRemer’s Secretary of Labor Nomination Advances to Full Senate
The Senate Committee on Health, Education, Labor and Pensions cleared President Donald Trump’s nominee to head the Department of Labor,...
Principal Asset Management Appoints Brant Wong Head of Retirement Solutions
Wong was previously head of retirement platforms at J.P. Morgan Asset Management.
Product and Service Launches – 2/27/25
Apollo, State Street private-debt to release new ETF; Betterment Adviser Solutions launches solo 401(k)s; LPL Financial selects SS&C to support...
Money Market Funds Damaged by ‘Flawed’ SEC Amendments
According to the Investment Company Institute, the most significant changes were made without public input.
Expedited Payments From Social Security Fairness Act Coming Soon
Starting this week, the Social Security Administration is making retroactive payments because of changes to the WEP and GPO, with...
Legislation Reintroducing CITs to 403(b) Plans Gains Momentum
Collective investment trusts would provide increased choice and flexibility, says Equitable’s Fred Makonnen.
Judge Approves DOL’s Appeal to Pause Fiduciary Rule Litigation
The circuit judge granted a 60-day abeyance in two lawsuits against the DOL over its Retirement Security Rule.
CFP Board Releases Technology Standard Guide for CFPs
The guide should assist CFPs in complying with the duty of care standards outlined in the board’s code of ethics...
Private Equity Dominates Wealth Management M&A Activity
M&A deals with private equity backing have surged over the past decade, according to Fidelity.
Public Pension Plans Reach 5-Year High of 83.1% Funded
The funds returned 9.47% in fiscal 2024, according to a National Conference of Public Employees Retirement System study.
Call Center Rep Accessed Data of More Than 2,000 Customers at Inspira Financial
The third-party call center representative improperly accessed personal data of retirement plan participants between December 2024 and January 2025.
Great Gray Expands Retirement Business With RPAG Acquisition
The transaction will expand Great Gray’s presence in the retirement plan advisory market.
SEC Announces Unit to Protect Investors From Crypto, AI Scams
The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit.
Advisory M&A News – 2/24/25
Marsh McLennan’s Mercer to acquire SECOR Asset Management; Creative Planning acquires Maxwell Wealth Strategies.
Adviser Industry Faces Significant Shortage, per McKinsey Report
Growing demand for financial services is expected to require as many as 110,000 new advisers in the next nine years.
Lawsuit Alleges Empower Misused Participant Data for Cross-Selling
Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...
Retirement Industry People Moves – 2/21/25
Lopes joins Nationwide retirement solutions; Pennsylvania PSERS announces retirement of executive director; Wilmington Trust names DiLuigi head of US Markets.
Morningstar IDs Best Robo-Advisers of 2025
Vanguard Digital Advisor tops the list, followed by Fidelity Go and Betterment/Betterment Premium.