Adviser M&A Deals Bounce Back in Volume, Worth in Q1
Echelon’s quarterly M&A report found private equity financing helped push Q1 2023 numbers above Q4 2022 results.
News
Adviser Product Partnerships
RetireOne and Pension & Wealth Management Advisors launch income insurance program; Sanctuary Wealth partners with Pontera to expand adviser toolbox;...
New Plans Will Need Engaged Advisers for Success in SECURE 2.0 Era
SECURE 2.0 brings opportunity, but also implementation, tracking and administrative questions, according to experts speaking on a PLANADVISER webinar.
OneDigital Acquires Huntington Bank’s $5.6B Retirement Advisory Business
The retirement and investing aggregator will bring on Huntington’s 1,300 employees focused on workplace savings plans.
Data Shows 68% of Parents Make Financial Sacrifice for Adult Children
Among parents helping their adult children, 43% of parents have made dipped into their retirement savings.
In-Plan Annuity Offerings Gain Steam With Recordkeepers
Recordkeeper incorporation of in-plan retirement income annuities is poised to progress in ’23, according to industry players.
SEC Makes Important Investment Company Act Exemption
Allowing one tech company to avoid registering as investment company could be the first step toward a permanent rule.
Nuveen Muni Head Steps Down on Heels of Legal Settlement
The firm said 30-year veteran John Miller will be replaced by current taxable muni lead Daniel Close.
Most U.S. Workers Expect to Fall Short of $1.1 Million Retirement Savings Goal
64% of Millennials and 62% of workers aged 45 and older said their workplace retirement plan will not reach the...
Retirement Now a “Transition” For Many Americans, According to Smart
One in five Americans plan to work into their retirement, according to a study by the retirement technology provider.
Strategies for Advisers to Approach Financial Literacy With Younger Workers
In honor of National Financial Literacy Month, PLANADVISER spoke with experts on how advisers can customize goals to fit the...
Advisory M&A
Former Goldman Sachs execs launch wealth management consolidator with $200M; Mercer Advisors buys Andesa Financial Management; Acorns acquires UK-based financial...
Latest Decision in Hughes v. Northwestern Opens Door to More ERISA Litigation
In reviewing a 2022 case remanded by the Supreme Court, the 7th Circuit Court of Appeals allowed two of the...
Retirement Industry People Moves
Ascensus appoints Kennedy as VP; Pentegra announces Finnegan as SVP, General Counsel; and more.
Investment Product Launches
Xtrackers by DWS announces a new ETF; Principal launches hybrid QDIA; Penn Mutual introduces Protection Whole Life; and more.
Gig Workers Uncertain if They Will Retire, Likely to Self-Fund if They Do
Many freelancers plan to work beyond 65, and 30% say they don’t plan to retire at all.
Morningstar: Pandemic Caused Plan Closures, Creation Slowdown
Morningstar study sees the pandemic as a "warning" of how economic disruption can stymie new plan creation.
Wilmington Trust Focused on CIT Education Push
Retirement services head Rob Barnett say advisers, plan sponsors and Congress all need a better understanding of the DC investment...
Recent Proposals to Reform Social Security
The options to reform Social Security will have to become more dramatic the longer Congress waits.
Plan Sponsors Say They’re Seeking “Soft Skills” From Advisers
A panel of plan sponsors note both tangible and intangible traits they seek in retirement plan advisers.