Adviser Industry Faces Significant Shortage, per McKinsey Report
Growing demand for financial services is expected to require as many as 110,000 new advisers in the next nine years.
News
Lawsuit Alleges Empower Misused Participant Data for Cross-Selling
Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...
Retirement Industry People Moves – 2/21/25
Lopes joins Nationwide retirement solutions; Pennsylvania PSERS announces retirement of executive director; Wilmington Trust names DiLuigi head of US Markets.
Morningstar IDs Best Robo-Advisers of 2025
Vanguard Digital Advisor tops the list, followed by Fidelity Go and Betterment/Betterment Premium.
Lower Fees Could Drive Greater Managed Account Adoption Among Plan Sponsors
A new survey finds that cost remains a key barrier to managed account adoption, but 70% of plan sponsors would...
Product & Service Launches – 2/20/25
Alera Group expands its wealth management and retirement plan solutions; Berwyn Group launches a death audit solution; J.P. Morgan launches...
CFP Board Launches Hall of Fame
The initiative recognizes those who have advanced financial planning for the benefit of the public.
The Pension Specialists Breach Exposes Data of 71,000 Participants
The external system breach exposed participants’ names and Social Security numbers.
Public Sector Employees More Likely to Stick with Default Retirement Investments
A new report from MissionSquare revealed how demographic and economic factors influence investment decisions.
Candidly Claims $1.8B in Student Debt Impact
In the firm’s ‘2024 Annual Impact Report,’ it highlighted the usage and results from multiple tools supporting loan repayment and...
District Court Again Backs Biden-Era ESG Rule, but Its Future Remains Unclear
A federal judge in Texas ruled that the 2022 ESG rule does not violate ERISA, reaffirming his initial decision made...
Mercer to Acquire Investment Consultant SECOR Asset Management
The transaction is expected to close in the second quarter of 2025.
Women’s Growing Financial Power Could Reshape Wealth Management, CFP Reports
As women control a greater percentage of assets and take charge of household finances, they are increasingly turning to professional...
Advisory M&A News – 2/18/25
Arthur J. Gallagher & Co. acquires Agilis Partners LLC; Morningstar forms alliance with SS&C’s Black Diamond wealth platform; Tocqueville Asset...
Generative AI, Email Scams Lead Cyber Fraud in 2024
One of the biggest challenges executives cite in fraud prevention is that employees don’t always follow fraud prevention policies, according...
DC Retirement Plan Balances and Contributions Rising, Fidelity Reports
More than two-thirds (69%) of employees and 67% of employers endorse retirement plans as a ‘must-have’ employer benefit, according to...
Retirement Industry People Moves – 2/14/25
The Standard names a regional vice president in retirement plans; Nationwide Retirement Solutions welcomes a consultant relations manager; Easterly Asset...
Answering Questions About SECURE 2.0 Catch-Up Provisions
Speakers at the PLANSPONSOR Roadmap livestream discussed the administrative challenges of implementing the Roth and age 60 to 63 catch-up...
Insurers Seek Private Market Exposure, Take More Risk in Portfolios
According to Conning’s annual insurance investment risk survey, insurance investors are far less concerned about inflation than in recent years...
Corporate Pensions Continue Funding Surplus Rise in January
Many companies with pension funds in surplus are choosing to outsource the investment management of their portfolios or to offload...