Advisory M&A News – 7/15/24
Wealth Enhancement Group acquires Peak Financial Services and Rock House Financial; Dalton joins Cetera Advisor Networks, and Rally Wealth and...
Investment Advisers Have Election Jitters
Advisers expect the stock market to experience more volatility in 2024 than in the previous year.
June Pension Funding Ratios Soar With Interest Rate, Equity Gains
Another robust month for pension funding status puts an ‘exclamation point’ on a strong streak even as the Fed considers...
Younger Generations Seek Out Advisers Earlier
Demand for financial advice is at an all-time high, Northwestern Mutual reports.
Pensionmark is Now World Investment Advisors
The rebrand of the retirement plan and wealth advisory division is meant to strengthen alignment with parent company World Insurance...
J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings
Stifel and Commonwealth ranked highest among employee advisers and independent advisers, respectively.
Advisory M&A News – 7/8/24
Aquiline Capital acquires majority stake in Isio Group; Countiss Wealth Management debuts; Wealth Enhancement Group adds Starfox Financial Services.
401GO Releases Mobile App in Push for Small, Individual Plan Market Share
Participants with 401GO plans can access their contribution history, investment performance and other resources.
Don’t Overlook the Silent-to-Gen X Generational Wealth Transfer
Hearts & Wallets’ findings counter the idea that the Baby Boomer-to-Millennial wealth transfer should be advisers’ focus.
Advisory M&A News – 7/1/24
NewEdge Advisors welcomes Fortis Wealth Advisors; 4 wealth managers join Savvy Advisors; Perigon Wealth Management acquires Creative Financial Planning; and...
Where is the Disconnect Between Employers and Employees?
Payroll Integrations finds that employers pay for benefits their workers think are not very important.
Chime Acquires Savings Benefits Startup Salt Labs
The Salt Lab team, led by benefits entrepreneur Jason Lee, and the firm’s offering will become a part of Chime.
Fidelity Reveals Top 5 Optional Provisions Plan Sponsors Are Most Likely to Adopt
Survey shows plan sponsors are most likely to adopt increased catch-up contribution limits for participants aged 60 through 63.
55-Year-Olds Twice as Likely to Rely on 401(k) Compared to Predecessors
The reliance on 401(k)s means retirement industry must turn attention to this group about 10 years from the traditional retirement...
Advisory M&A News – 6/24/24
Wealth Enhancement Group adds Atlas Fiduciary Financial; Cruz joins Ameriprise Financial; NewEdge Advisors welcomes Stonebridge Financial Partners.
AssetMark Acquires $12 Billion in Wealth TAMP Assets from Morningstar
Morningstar Wealth TAMP clients and advisers will gain access to AssetMark’s platform, while advisers using AssetMark can access to Morningstar’s...
Retirement Industry People Moves – 6/21/24
Ascensus names regional VP for retirement sales; Nowak promoted to DC director at Marquette; Alerus names health and welfare sales...
MetLife, Micruity Partner on Retirement Income Solutions
Meanwhile, T. Rowe launches framework to evaluate retirement income offerings.
Product & Service Launches – 6/20/24
State Street Global Advisors launches IncomeWise solution; BlackRock expands active ETF platform with 2 ETFs; Vanguard reopens actively managed funds...
Younger High-Net-Worth Investors Seek Out Alternative Investments
Gen Z and Millennials are turning to alternatives instead of traditional stock and bond investments.