Data & Research February 25th, 2025 Public Pension Plans Reach 5-Year High of 83.1% Funded The funds returned 9.47% in fiscal 2024, according to a National Conference of Public Employees Retirement System study.
Compliance February 24th, 2025 Call Center Rep Accessed Data of More Than 2,000 Customers at Inspira Financial The third-party call center representative improperly accessed personal data of retirement plan participants between December 2024 and January 2025.
Deals & People February 24th, 2025 Great Gray Expands Retirement Business With RPAG Acquisition The transaction will expand Great Gray’s presence in the retirement plan advisory market.
Compliance February 24th, 2025 SEC Announces Unit to Protect Investors From Crypto, AI Scams The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit.
Deals & People February 24th, 2025 Advisory M&A News – 2/24/25 Marsh McLennan’s Mercer to acquire SECOR Asset Management; Creative Planning acquires Maxwell Wealth Strategies.
Data & Research February 24th, 2025 Adviser Industry Faces Significant Shortage, per McKinsey Report Growing demand for financial services is expected to require as many as 110,000 new advisers in the next nine years.
Compliance February 23rd, 2025 Lawsuit Alleges Empower Misused Participant Data for Cross-Selling Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...
Deals & People February 21st, 2025 Retirement Industry People Moves – 2/21/25 Lopes joins Nationwide retirement solutions; Pennsylvania PSERS announces retirement of executive director; Wilmington Trust names DiLuigi head of US Markets.
Client Service February 21st, 2025 Morningstar IDs Best Robo-Advisers of 2025 Vanguard Digital Advisor tops the list, followed by Fidelity Go and Betterment/Betterment Premium.
Data & Research February 21st, 2025 Lower Fees Could Drive Greater Managed Account Adoption Among Plan Sponsors A new survey finds that cost remains a key barrier to managed account adoption, but 70% of plan sponsors would...
Products February 21st, 2025 Product & Service Launches – 2/20/25 Alera Group expands its wealth management and retirement plan solutions; Berwyn Group launches a death audit solution; J.P. Morgan launches...
Deals & People February 21st, 2025 CFP Board Launches Hall of Fame The initiative recognizes those who have advanced financial planning for the benefit of the public.
Compliance February 19th, 2025 The Pension Specialists Breach Exposes Data of 71,000 Participants The external system breach exposed participants’ names and Social Security numbers.
Data & Research February 19th, 2025 Public Sector Employees More Likely to Stick with Default Retirement Investments A new report from MissionSquare revealed how demographic and economic factors influence investment decisions.
Client Service February 19th, 2025 Candidly Claims $1.8B in Student Debt Impact In the firm’s ‘2024 Annual Impact Report,’ it highlighted the usage and results from multiple tools supporting loan repayment and...
Compliance February 18th, 2025 District Court Again Backs Biden-Era ESG Rule, but Its Future Remains Unclear A federal judge in Texas ruled that the 2022 ESG rule does not violate ERISA, reaffirming his initial decision made...
Deals & People February 18th, 2025 Mercer to Acquire Investment Consultant SECOR Asset Management The transaction is expected to close in the second quarter of 2025.
Data & Research February 18th, 2025 Women’s Growing Financial Power Could Reshape Wealth Management, CFP Reports As women control a greater percentage of assets and take charge of household finances, they are increasingly turning to professional...
Deals & People February 18th, 2025 Advisory M&A News – 2/18/25 Arthur J. Gallagher & Co. acquires Agilis Partners LLC; Morningstar forms alliance with SS&C’s Black Diamond wealth platform; Tocqueville Asset...
Data & Research February 18th, 2025 Generative AI, Email Scams Lead Cyber Fraud in 2024 One of the biggest challenges executives cite in fraud prevention is that employees don’t always follow fraud prevention policies, according...