Morgan Stanley CEO James Gorman To Step Down Within 12 Months
The CEO oversaw Morgan Stanley’s push into the wealth management space.
News
SEC’s New Stock Buyback Rules Come Under Legal Challenge
The Chamber of Commerce has sued the SEC in the 5th Circuit and seeks a review of a new SEC...
Giving Older Workers the Choice to Work or Retire with Dignity
Older workers do not have the means to retire, and others are working in subpar labor conditions, according to experts...
Investment Product and Service Launches
John Hancock Retirement launches dynamic default investment feature; Tata AIA upgrades Life Fortune Guarantee Pension; Putnam Investments launches emerging markets...
Schwab Sees Record Attendance in Participant 401(k) Sessions
Participants are favoring virtual sessions, and 18% boost their 401(k) contribution rate after 1:1 engagements.
Cetera Taps Former Fidelity Exec Durbin as Parent Firm CEO
Mike Durbin given new CEO role with goal of ‘introducing adjacent capabilities and channels’ to Cetera’s adviser network.
Inflation Drives IRS to Raise HSA Contribution Limits
For 2024, the HSA contribution will be $4,150 for an individual and $8,300 for a family, up from $3,850 for...
Common Pitfalls in Reg BE, BI, According to FINRA, SEC
Riskier and complicated assets require more due diligence, and regulatory officials laid out some practices for advisers to avoid.
24% of Participants May Cut 401(k) Contributions
Nationwide Retirement Institute recommends that advisers and recordkeepers work to help participants maintain their financial futures.
Advisers, Participants Skeptical of ESG Investments, but Asset Managers Are Not
Greenwashing by investment funds has contributed to negative rhetoric about ESG, but the practice remains a top initiative for U.S....
Smart Raises $95M in PE Funding, Eyes Further Acquisitions
Aquiline Capital leads a funding round for the U.K.-based retirement technology firm with operations in the U.S., Europe, Middle East...
Broadridge Finds Increased ‘Democratization’ in Discretionary Investing
The financial firm mined millions of retail investors to learn about investing trends from the last five years.
NAGDCA: Roth Catch-Ups Will Be Major Issue for Government Plans
This is the second time in three months the advocacy group has warned federal regulators and appealed for assistance.
SEC Head Gensler Says Reg BI Not ‘Check the Box’ Exercise
The SEC chairman made remarks about Reg BI, Reg BE and about AI’s role in the markets at FINRA’s annual...
ASA: DOL Drops Appeal to 401(k) Rollover Advice Ruling
According to the trade association, the regulator will not appeal a ruling that keeps 401(k) rollover advice outside of fiduciary...
Advisers Managing Heightened Retirement Plan Committee Turnover
With job turnover rates remaining high, advisers discuss how to manage retirement plan committee churn.
DOL to Extend UBS, Credit Suisse 401(k) Asset Management Exemption
The DOL proposes extending for one year beyond their merger the exemptions being used by UBS and Credit Suisse to...
Advisory M&A
CAPTRUST Financial Advisors acquires Aevitas Wealth Management; Heffernan Financial Services expands with Ascendant Financial Solutions; Commonwealth Financial Network adds Pinnacle...
Financial Advisers Rank American Funds, Vanguard as Top Asset Managers
Advisers are most swayed by trust, performance and ease of business when evaluating a manager, according to ISS Market Intelligence.
Retirement Industry People Moves
TIAA snags Kivett from Prudential for new 401(k) role; Voya expands workplace solutions team with Ritter, Bandani; new RIA Modern...