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 10th, 2024 J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings Stifel and Commonwealth ranked highest among employee advisers and independent advisers, respectively.
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.