73% of 401(k) Savers Would Like Personalized Investment Advice
Calculating the amount needed for retirement and identifying a retirement income stream are among the top needs for workplace savers, according to Schwab’s annual 401(k) participant survey.
BlackRock: Retirement Confidence Shows Steady Decline
BlackRock's annual survey of the retirement space also finds participants are interested in guaranteed income to help with retirement security.
Americans Pick Advisers Who Appreciate Their Needs, Have Track Record, Survey Says
Data also showed that having an adviser boosts a respondent’s financial confidence.
Schwab: Financial Advisers Using Behavioral Finance Gain More in New Assets
Advisers also turned to personalized options such as direct indexing to stand out for clients.
Changing Workforce: Employees Over 55 Will Make Up 25% of US Labor Market by 2031
A Bain & Co. study found that the so-called Great Resignation has become the ‘Great Sabbatical,’ as many return to work.
Wealth Management M&A Dips Slightly in Q2
The second quarter decline mimics similar drops in 2020 and 2022, even as the industry went on to strong dealmaking for the full calendar year.
Gen X, the First 401(k) Generation, Is Least Prepared for Retirement
Gen Xers entered the workforce as pensions were fading and 401(k) plans were ‘primitive.’ Now they are closest to retirement but feel least ready for it, according to Transamerica research.
Financial Advisers Feeling Starved of Time with Clients, J.D. Power Reports
Additionally, one in five advisers said they were less than five years away from retirement.
Pontera Says Rollover Not Always Superior to 401(k)
New findings reveal 59% of advisers opted not to roll over a client's 401(k) into an IRA in 2022.
Rookie Financial Advisers Are in Short Supply
High wash-out rates force firms to focus on recruitment and retention, according to Cerulli.
Gender Savings Gap Closing Among Younger Generations, Bank of America Reports
Account balances among millennial men exceed women by 23%, significantly less than the average gender gap of 50%.
BlackRock, Policy Group Detail Results of Delaying Social Security, Adding Guaranteed Income
Researchers ran participant simulations to show retirement income spending power could get an almost 30% boost with the strategies.
Fidelity Sees Jump in Quantity, Value of RIA M&A Deals Since 2020
During the last three years, 492 transactions took place, compared to 146 during a similar period from 2017 through 2019.
Median Retirement Plan Value Hits Record Low in 2022
Market volatility also contributed to declines in average plan balances, contribution rates and overall plan participation, according to Alight.
One-Quarter of Pre-Retirees Expect to Delay Retirement, According to Nationwide
An additional 15% are unsure if they will ever be able to retire.
Vanguard’s ESG Support Half That of BlackRock, State Street
Of a sample of shareholder proposals linked to ESG, Vanguard opposed almost three-quarters.
Great Resignation Drives 20% Jump in Forgotten 401(k) Accounts
The left-behind 401(k) accounts are estimated to hold about $1.65 trillion in assets, as of May.
Auto Enrollment Drives Record Plan Participation, Vanguard Reports
After adoption of automatic enrollment increased consistently over 15 years, plan participation reached a record high in 2022.
US Retirement Assets Grow to $35.4 Trillion in Q1
Retirement assets accounted for 31% of all household financial assets at the end of March 2023, according to ICI.
How Emergency Savings Serves Low-Income Households
BlackRock research shows that emergency savings balances helped low-income households keep more money in their retirement savings accounts during the COVID-19 pandemic.