Deals & People July 11th, 2024 Bain Capital and Partners to Acquire Envestnet for $4.5B The firm is slated to go private through purchase by Bain Capital and Reverence Capital, along with partners BlackRock, Fidelity,...
Deals & People July 11th, 2024 Prime Capital Rebrands Qualified Plan Advisers Division Prime Capital Retirement will be part of Prime Capital Financial in a wider rebrand.
Compliance July 10th, 2024 House Committee Advances Bill to Vacate Retirement Security Rule The vote passed the House Education and Workforce Committee, but no vote has yet been scheduled for the full House.
Compliance July 10th, 2024 Swing Pricing, Predictive Analytics, Safeguarding SEC Proposals to be Re-Proposed The SEC aims to try again with its rules on predictive analytics and safeguarding by year’s end and for swing...
Data & Research July 10th, 2024 Gen X, With Retirement “Around the Corner,” Not Confident in Income Replacement Three distinct reports agree Gen X needs financial guidance via the workplace—with participants valuing transparency and honest dealing.
Compliance July 10th, 2024 NPPG Touts SEC Registration for Administering PEPs Pooled plan provider NPPG advocates for registration if there is 3(38) investment selection responsibility, but a PEP expert argues it...
Client Service July 9th, 2024 Vanguard Leans Into DC Adviser Outreach The recordkeeper and asset manager has made recent investments in consultant relationships as a tactic to grow its workplace plan...
Compliance July 8th, 2024 ERISA Advisory Council Makes Case for Annuities as Part of QDIA An ERISA Advisory Council hearing explored expanding the use of annuities in default investment offerings.
Deals & People July 8th, 2024 Advisory M&A News – 7/8/24 Aquiline Capital acquires majority stake in Isio Group; Countiss Wealth Management debuts; Wealth Enhancement Group adds Starfox Financial Services.
Products & Services July 8th, 2024 401GO Releases Mobile App in Push for Small, Individual Plan Market Share Participants with 401GO plans can access their contribution history, investment performance and other resources.
Compliance July 5th, 2024 DOL’s ESG Rule Challengers Cite Chevron Reversal Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning...
Deals & People July 5th, 2024 Retirement Industry People Moves – 7/5/24 McGlynn promoted to director of national partnership sales at Pacific Life; Munari named chief product officer at MSCI; Pentegra hires...
Compliance July 5th, 2024 Federal Court Issues Temporary Stay on FTC Noncompete Ban A final ruling on the merits of the regulator’s ban on noncompete contracts for employees is expected by August 30.
Products & Services July 5th, 2024 Broadridge Launches Retirement Income, Stable Value Evaluator The new tool allows plan fiduciaries to evaluate the growing list of in-plan DC annuity options.
Compliance July 3rd, 2024 Congress Searches for Ways to Increase Contractor Participation in Plans The American Benefits Council suggested in a reply to Louisiana Senator Bill Cassidy that gig workers can benefit from increased...
Products & Services July 3rd, 2024 Product & Service Launches – 7/3/24 Orion launches stand-alone trading solution, bundle for new advisers; Netchex partners with Vestwell on 401(k) for small and midsize firms;...
Data & Research July 3rd, 2024 Don’t Overlook the Silent-to-Gen X Generational Wealth Transfer Hearts & Wallets’ findings counter the idea that the Baby Boomer-to-Millennial wealth transfer should be advisers’ focus.
Data & Research July 3rd, 2024 M&A Shows Up As Top Driver of Recordkeeper Swaps in New Study Poor service quality was another driver of recordkeeper moves, new research from Escalent finds.
Products & Services July 2nd, 2024 Considering the Hot Private Market Space for DC Plans As new Blackstone financial adviser surveying reiterates the growth in private market investing, can asset managers leverage the moment to...
Deals & People July 2nd, 2024 BNY Taps Minaya as Global Wealth Head The former leader of TIAA’s Nuveen asset management division will start in the role on September 3.