The Next Generation of Producers Is Emerging
The median age of advisory firm associates is 42, while the median age of lead advisers is now 46 years,...
News
Q&A With MetWest Attorneys After Successful District Court Defense
Attorneys for the defense in Kennis vs. Metropolitan West say their victory in district court could be a turning point in a trend of securities litigation that emerged...
Retirement Industry People Moves
Gramercy Funds hires global head of business development; Ascensus acquires retirement and benefits solution adviser; Private equity director joins Hirtle Callaghan; and...
ADP Offers Plan Health Dashboard
It assigns points to various plan and participant features and recommends ways to improve participants’ retirement readiness outlook.
Investment Product and Service Launches
Northern Trust enhances securities lending offering; Global X adds ETF suite to Model Market Center; and Cohen & Steers makes...
LPL Includes Wealthbox CRM in Vendor Affinity Program
The program’s aim is to help advisers streamline their practices.
Despite the Volatility, Market Experts Shy Away From Predicting Recession
Brexit uncertainty. An inverted yield curve. A burgeoning trade dispute between the U.S. and China. Slowing global growth and shifting currency valuations. Is it all enough to spark...
ERISA Complaint Questions Alternatives Use in Custom TDF
Retirement plan fiduciaries at Intel are accused of exposing investors to bets on speculative areas of the markets.
‘Stretch IRAs,’ Multigenerational Inheritance and the SECURE Act
Low and middle-income Americans struggling to save for retirement are depending on the U.S. Senate to pass the SECURE Act,...
Will Trump Administration Prove Friendlier to Retirement Plan Innovators?
After previously failing to get DOL approval for a target-date fund design that involves an annuity and reinsurance component, LGIMA hopes the Trump Administration will more readily allow...
Principal Launches Mobile App That Leverages Biometrics
It leverages biometrics, education and on-the-go account access to help instill confidence in retirement plan participants and make transactions quick and easy.
403(b) Plan Sponsors Reveal Investment Preferences in Survey
Plan advisers can help 403(b) plan sponsors looking for downside protection, active strategies and target-date funds (TDFs) that can be used as a decumulation vehicle in retirement.
Fiduciary Education Offers Courses Within Tiered Membership Program
The courses are designed for both plan advisers and sponsors to help them manage 401(k) plans more effectively.
The DOL’s Fiduciary Race Ahead of 2021
There is precious little time remaining for the proposal and adoption of any new advisory industry conflict of interest rules that the DOL hopes to make effective during...
Financial Planning Association Offers Health Plan to its Members
The plan, in development for the past two years, is being offering in partnership with Ryan Insurance Strategy Consultants.
U.S. Contemplates Joining California Secure Choice Lawsuit
The lawsuit, alleging the act that created the program is preempted by ERISA, was filed less than a year after the Trump administration and Congress cancelled an ERISA...
Court Decision Compares Asset Manager Advisory and Subadvisory Fees
A federal court judge found Metropolitan West Asset Management, LLC charged a reasonable fee for a fund it advises, considering the services it provides and risks it takes...
Despite Volatility, July Was a Slow Trading Month for 401(k) Investors
It was also the 18th month in a row that net trades have moved from equities into fixed income
Walgreen Sued for Keeping Underperforming TDFs in 401(k)
Despite a market “teeming with better-performing alternatives,” the plaintiffs say, Walgreen selected the Northern Trust Funds, which already had a history of poor performance.
Retirement Industry People Moves
BPAS and F&M Trust link regional retirement plan businesses; Grant Thornton adds Advisory Services principal; Nuveen updates portfolio management group...