Advisory M&A News – 9/2/25
Former Merrill and Hightower advisers create an independent advisory firm in Connecticut; United Capital Financial Advisors acquires The Paul Group;...
News
House Appropriations Bill Seeks DOL, EBSA Budget Cuts
The subcommittee's fiscal year 2026 spending bill would trim the Department of Labor's budget by 28% and the Employee Benefits...
Rapid Growth in CITs Fueled by Small Plan Adoption
Collective investment trusts now hold nearly 30% of DC plan assets, rising from just 13% a decade ago; experts predict...
iJoin, Manifest Partner for Retirement Account Consolidation
The companies claim plan participants can find and transfer retirement accounts in under 10 minutes.
The Evolution of the DCIO Sales Model
Investment firms are increasing emphasis on developing relationships with CIOs and others responsible for approved fund lists and 3(38) programs.
Market Volatility Has Not Slowed 401(k) Growth
Studying 2.7 million workers’ 401(k) accounts, ICI and EBRI found a median balance of 25.9% annualized increase from 2019 to...
Lowest Earners Could Save Big with Federal Retirement Accounts
The Retirement Savings for Americans Act proposes federally run savings accounts that could help the bottom 10% of earners save...
SEC Fines Vanguard and Empower More Than $25M for Adviser Compensation Disclosure Failures
The two companies allegedly provided misleading statements and failed to disclose conflicts to retail and retirement plan investors, according to...
Retirement Industry Deals and People Moves – 8/29/2025
Churchill hires Michael Foley as head of institutional and Bill Stout leads private market strategy at Vanguard.
Nearly Half of Gen Z Workers Dip into Retirement Funds, Per Survey
Of the 46% of Generation Z workers who reported withdrawing money from their retirement funds, nearly half did so to...
Maximizing HSAs: What the OBBB Act Has Changed
Cat Torres, from Sentinel Group, discusses how recent developments have introduced new opportunities for HSA eligibility.
DOL to Stop Issuing, Accepting Paper Checks
Starting on September 30, the Department of Labor will transition to paperless checks, according to a notice published in the...
Federal Judge Dismisses Home Depot’s ERISA Lawsuit
A district court judge in Georgia ruled that Home Depot’s use of forfeited funds aligned with the retirement plan’s terms.
Product & Service Launches 8/28/25
Jackson has launched new fixed index annuities; Shelton Capital Management will offer an Equity Premium Income ETF; VanEck launches new...
Knight-Swift Settles ERISA Cases, RTX Faces Plan Forfeiture Charges
Motor carrier holding company Knight-Swift is settling two ERISA complaints while RTX Corporation faces charges of breaching fiduciary duties.
House Bill Would Let Retired Vets Contribute to Thrift Savings Plans
The proposed FORWARD Act would allow certain military retirees and disabled veterans to continue contributing to their Thrift Savings Plan...
Summit Financial Adds Eight AI-Driven Tools to Adviser Platform
The artificial intelligence-powered tools focus on adviser workflows, including lead generation, digital marketing automation and merger and acquisition analytics.
Turning HSA Owners into Savvier Investors
Health savings account owners were 22% more likely to contribute if they received practical, encouraging messaging from benefits providers, according...
GOP Senators Ask for Safe Harbor for Alternative Investments in DC Plans
The senators wrote Labor Secretary Lori Chavez-DeRemer that plan fiduciaries need ‘critical safe harbor protections’ from ‘frivolous lawsuits.’
Drew Carrington Joins iCapital to Lead Alternatives Strategy
Carrington will be responsible for partnering with alternative investment managers to develop and distribute alternative investment products.