Detailing the DOL’s Auto-Portability Proposal
Its goal is to help missing participants consolidate their retirement assets in a tax-advantaged workplace plan.
News
American Funds Maintains Largest TDF Inflows in 2023
The TDF manager brought $19.8 billion into its TDF investments in 2023, highest among U.S. managers.
Advisory M&A News – 1/22/24
Dynasty Network adds Steadmont Advisors; MAI Capital Management acquires Traverso Chambers Private Wealth Management; Stofan Agazzi Investments joins Stifel Independent...
DOL Proposes Rule on Auto-Portability
The proposal would permit providers to charge fees for auto-portability services.
Client Retention Tips from a 401(k) and Wealth Adviser
A dual practitioner discusses the importance of combining well organized systems with a personal touch.
Regulators Seek Comment on ERISA Disclosure Requirements
The IRS, PBGC and EBSA are accepting suggestions on how to simplify disclosures to benefit fiduciaries and participants.
Few in ‘Active Generation’ of Americans Have Planned for Their Retirement Pastimes
Only 11% of Americans have planned for post-retirement passions and pastimes, according to Lincoln research.
Oxford Survey Finds DOL May Have Underestimated Compliance Cost of Fiduciary Proposal
New rollover disclosure needs would contribute to a majority of the cost, according to the survey commissioned by financial industry...
Retirement Industry People Moves – 1/19/24
Transamerica names Dickinson director of participant engagement; Vestwell bolsters sales team; Voya names Leary to board.
Concerns About Scope 3 Disclosure Continue to Haunt SEC Climate Disclosure Proposal
A House subcommittee hearing resulted in significant opposition from agricultural interests.
CAPTRUST Announces 1st Wealth Acquisition of 2024
The deal comes as Echelon names CAPTRUST among the biggest acquirers of 2023.
DOL Brings Clarity to Newly Available Emergency Savings Accounts
The FAQ guidance builds on earlier IRS directives, with a focus on investments and fee structures.
Product & Service Launches – 1/18/24
Morningstar, iCapital expand access to alts; Manulife announces longevity innovation challenge with World Economic Forum’s UpLink; Nassau Financial Group launches...
How to Properly Document 2024 Plan Meetings
A retirement plan auditing expert provides a primer for recording minutes accurately and with maximum value for retirement plan committee...
Advisers Prioritizing Roth Provisions From SECURE 2.0
According to Escalent research, advisers are more likely to focus on immediate or traditional plan provisions with sponsors.
Financial Adviser Shortage Looms, Cerulli Reports
The consultancy finds the number of new advisers has not offset those who have gone in a different direction.
SEC Imposes $18M Fine on JP Morgan for Whistleblower Violations
According to the regulator’s order, the company’s securities division required clients to sign non-disclosure agreements barring them from reporting potential...
Morgan Stanley Wealth Management Growth Bolstered by Workplace Unit
The firm highlighted workplace offerings as a key pillar of wealth management client growth in its Q4 earnings.
Advisers’ Value to Clients, by the Numbers
PLANADVISER and PLANSPONSOR research highlights what the relationship between plan advisers and plan sponsors can bring.
Advisory M&A News – 1/16/24
BlackRock ramps up alts exposure with GIP acquisition; SageView Advisory Group acquires Palmer Retirement Consulting; Financial Advisers launches Avise Financial.