Frequent Contact, Plan Knowledge Can Help Advisers Earn Business
A YCharts survey studied how to attract and retain new clients, noting respondents’ preference for extensive communication.
News
Empower Announces Suite of Guaranteed Income Solutions For Retirement Plans
Empower plans to distribute the four new offerings through advisers and consultants.
Managing Fiduciary Conflicts in the Age of Convergence
ERISA expert David Kaleda discusses what the DOL’s proposed Retirement Security Rule may mean for retirement and wealth management firms.
GOP Proposes Bills to Require Longer SEC Comment Periods, Overturn Private Funds Adviser Rule
Introduced in the House of Representatives, a bill to invalidate the private funds adviser rule would be unlikely to pass...
2nd Lawsuit Filed Against AT&T Over PRT Deal
In two different cases, AT&T faces renewed scrutiny regarding a pension risk transfer arrangement made with Athene, while a lawsuit...
Product Partnerships – 3/19/24
Aspida and Flourish partner to distribute Aspida annuities; Capitalize to power rollovers for Ellevest clients; Orion and CAIS expand alternatives...
What Market Abuses Are DOL’s Fiduciary Proposal Supposed to Prevent?
Supporters of the proposal say regulations are essential to protect retirement savers from conflicted advice.
Millennials Redefine Retirement as ‘Financial Independence’
Although Millennials are somewhat confident about having enough retirement savings, a significant number experience 'money dysmorphia,' according to new research.
Core Menus Need to Evolve
David Blanchett of PGIM argues that qualified retirement plan menus have ‘notable gaps’ in alternative asset classes that would improve...
2 Advisers Fined for ‘AI Washing’ Marketing Violations
Delphia and Global Predictions were fined a combined $400,000 for marketing rule violations related to their use of artificial intelligence.
Advisory M&A News – 3/18/24
Savvy Advisors adds principal wealth managers; Merit Financial Advisors partners with Viren and Associates.
401(k) World: The Litigators
The final story in this quarter’s PLANADVISER In-Depth series considers 401(k) litigation’s present and future.
Mercer Completes Acquisition of Vanguard’s Outsourced Investment Officer Business
Marc Cordover, Mercer’s US investments and retirement leader, will lead the newly acquired division.
FINRA’s Top Enforcement Issues of 2023
Regulation Best Interest makes the top five, according to Eversheds Sutherland LLP.
Retirement Industry People Moves – 3/15/24
Definiti appoints Andreski CEO, adds sales and ERISA leadership; Morgan Stanley taps AI division head; MFS Names Alison O’Neill as CIO;...
Biden’s Budget Would Compel Distributions From Retirement Accounts Over $10M
The proposal would add to a plan to prohibit backdoor Roth conversions.
19 States, Sierra Club Have Common Dispute: SEC’s Climate Disclosure Rule
Republican state attorneys general and the environmental advocacy group are, for different reasons, suing the SEC to overturn its recent...
Former Pension Plan Participants Sue Lockheed Over Athene Risk Transfer
The lawsuit against Lockheed related to its PRT with Athene comes close on the heels of a similar suit against...
Product & Service Launches – 3/14/24
Cetera-affiliated advisers get Bitcion ETF policy guidance; Nationwide offering Morningstar AMAs; OneAmerica launches TDF series of CITs; and more.
How Americans’ Health Care Costs Affect Their Work and Savings
Two out of every five Americans are postponing health care needs due to cost concerns, according to a survey commissioned...