CAPTRUST Makes Portfolio Evaluations Its First Acquisition of 2022
In one of CAPTRUST’s largest acquisitions to date, the move to onboard Portfolio Evaluations brings more than $107 billion in assets and several hundred clients.
News
Retirement Industry People Moves
OneDigital acquires Gouldin & McCarthy; Kingswood U.S. adds seven financial advisers; Mercer Advisors acquires Cordasco Financial Network; and more.
A Q&A With New CFP Board Chair Kamila Elliott
One of her goals for 2022 is to advance the CFP Board’s Future of Financial Planning program, which aims to...
Lawsuit Alleges Choice of Target-Risk Funds Caused Losses to Participants
Milliman has been accused of failing to remove poorly performing investments, subadvised by its affiliate, from its 401(k) plan.
Why Edward Jones Is Funding Alzheimer’s Research
The simple fact of the matter is that debilitating neurological diseases such as Alzheimer’s present a major financial and physical...
Advisers Have Window to Help Women Strengthen Retirement Readiness
A survey shows that, because of the COVID-19 pandemic, many women feel they are on the wrong track for retirement.
DOL’s EBSA Secretary Nominee Advanced by HELP Committee
The Biden administration’s nomination of Lisa Gomez to lead the DOL’s Employee Benefits Security Administration took a key step forward Thursday.
Legislative Retirement Reforms Over 25 Years Might Have Primarily Benefitted Wealthy Individuals
A University of Virginia law school professor examines the impacts that policy changes, which intended to boost retirement savings, have...
Investment Product and Service Launches
DPL introduces new asset allocation option for RIAs; Vanguard expands target retirement lineup for youngest retirement investors; State Street Global...
District Court Advances TriNet ERISA Lawsuit
The denial of the defense’s dismissal motion opens the door for either trial or settlement in an ERISA lawsuit that...
Millennial Home Ownership Crippled by Student Debt
Student debt has put those in the Millennial generation at a disadvantage when it comes to turning their education into...
T. Rowe Price Agrees to Settle Proprietary Funds Lawsuit for $7 Million
The lawsuit against T. Rowe Price had accused the firm of filling its retirement investment menu with proprietary funds.
More CFP Board Sanctions Revealed, in Warning to Adviser Professionals
From personal income tax issues to fraud and involvement in civil litigation, the financial professional accreditation organization has identified a variety of punishable issues among its members or...
Inflation Figures and Volatility Expectations Confront Investors
While supply chain bottlenecks have lasted longer than initially expected, LGIMA says it believes inventories will eventually catch up as demand moderates.
Bronson Healthcare to Pay $3 Million to Settle ERISA Lawsuit
The lawsuit challenged the use of an active suite of TDFs versus an index suite, among other things.
Judge Dismisses Most Claims in Intel ERISA Lawsuit
The new ruling, filed in favor of the defendants, is just the latest action in what has been a long-running...
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
Advisers can assist plan sponsors with mitigating and preventing claims for benefits and other Employee Retirement Income Security Act claims.
Cash-Out Concerns Ahead of Tax Season
Workers in the U.S. still have plenty of time to file their 2021 taxes with the IRS, but advisers can take steps now to remind their clients of...
Bankruptcy Rulings Could Inform Financial Planning Decisions
Court cases expanded on the rules regarding the protection of retirement plan assets.
New Transamerica Solution Reflects Small-Market Developments
The firm says its new retirement plan offering, targeted at small employers, is ‘value focused’ and tailored specifically for efficiency.