Products May 4th, 2023 Investment Product and Service Launches Allianz Life enhances variable annuities; Brighthouse Financial improves Shield Level Annuities Product Suite; and more.
The Markets May 3rd, 2023 Fed Raises Rates Again, But How Can Investors Hedge Against Inflation? Wharton School Professor Emeritus Jeremy Siegel spoke out against Fed rate hikes and laid out potential investor responses.
Data & Research May 3rd, 2023 Small Business Owners More Likely to Phone a Friend, Not an Adviser When asked whose counsel they would seek before setting up an employee retirement plan, small business owners prioritized family, friends...
Deals & People May 3rd, 2023 Franklin Buys Managed Accounts Firm to Expand Adviser SMA Offerings The investment manager’s purchase of volScout will add to its managed investment strategies for advisers working with institutional clients and...
Deals & People May 2nd, 2023 Hub Snags PE Firm Minority Stake, Announces More to Come LGP has taken a minority stake in the insurance, retirement and wealth management aggregator to build on what the firm...
Data & Research May 2nd, 2023 PGIM Takes Majority Stake in Direct Lender to Boost Alternative Offerings The firm’s investment in Deerpath Capital Management comes as institutional and private investors look to alternatives for returns amid volatile...
Products May 2nd, 2023 LIMRA: Annuities Break Another Record in Q1, on Track for Record ’23 New PGIM research also signals a potentially larger market for the guaranteed income product.
Data & Research May 2nd, 2023 Do Small Business Owners Need Retirement Advisers Too? Amassing sufficient retirement income and the impact of taxes on retirement savings are small business owners’ top concerns.
Deals & People May 1st, 2023 Pensionmark Hires Compliance Head To Help With Acquisition Push Jonathan Curley, a former RIA, will perform due diligence on firms Pensionmark is looking to acquire.
Compliance May 1st, 2023 Senator Cardin Announces 2024 Retirement The Maryland senator was a leader in drafting and passing SECURE 2.0 legislation.
Products May 1st, 2023 Wilmington Trust’s Spun-Off CIT Division Is Now Great Gray Trust The CIT division purchased by private equity firm Madison Dearborn Partners is now its own entity selling the popular 401(k)...
Compliance May 1st, 2023 House Bills Would Expand Accredited Investor Pool to Include Clients of Advisers The House Committee on Financial Services advanced a bill that would allow RIA clients to invest in unregulated offerings such...
Deals & People May 1st, 2023 JPMorgan’s First Republic Takeover Brings Chance of Keeping 150 Wealth Advisers JPMorgan CFO Jeremy Barnum cites wealth management division as positive amid a deal the bank “did not seek out.”
Deals & People May 1st, 2023 Advisory M&A Modera Wealth Management announces acquisition of Parsec Financial; Modern Wealth Management acquires Barber Financial Group; and more.
Deals & People May 1st, 2023 USI Consulting Acquires Actuarial, Retirement Plan Consultancy USI expands its actuarial and retirement capabilities with the 68-person team of Hooker & Holcombe.
The Markets May 1st, 2023 Designing a Plan Investment Menu in Unprecedented Times Historic rises in inflation and matching interest rate hikes have meant a heightened focus for the often staid world of...
Practice Management May 1st, 2023 Why More Advisers Are Assuming 3(38) Role, Responsibility The fiduciary model that puts plan investment decisions in advisers’ hands offers expertise and streamlining, industry experts say.
The Markets May 1st, 2023 CITs May Be the New Mutual Funds of DC Plans: Have They Earned It? Low-fee collective investment trusts, already popular among large plan sponsors, may be moving down-market to smaller plans.
Data & Research May 1st, 2023 Can Employers Help Americans Struggling to Save Amid Inflation? More than 20% of U.S. workers made reported borrowing from their retirement savings in 2022, according to FinFit.
Compliance April 29th, 2023 Judge Dismisses Excessive Fee Complaint Against HR Firm TriNet The 2020 retirement lawsuit alleged that the plan committee did not properly monitor recordkeeper and investing fees.