News

The judge rules that the amended complaint plausibly alleged target-date fund underperformance relative to Fidelity Freedom TDFs.

SEI partners with Zocks; Mili, Holistiplan collaborate on AI-powered tax planning; Schwab Advisor Center Incorporates Zeplyn AI System; and more.

Twenty years after the Pension Protection Act popularized target-date funds, a Sway Research report looks at key trends among TDFs.

Nearly all surveyed US adults viewed Social Security as important and 91% wanted Congress to take action to preserve it...

Citi Wealth names new head of wealth planning; Arden Trust Co. names a new president; Manulife John Hancock Retirement makes...

Advisory firms incorporating artificial intelligence in most core workflows reported higher productivity and staff retention, but advisers shared mixed opinions...

Fulton’s background includes accounting, tech startups and mergers and acquisitions.

The transaction will deepen the company’s custom portfolio and investment lineup service capabilities.

The firm announced new leadership responsibilities for its heads of artificial intelligence across its investment, distribution and risk functions.

Increasingly, financial planners are encouraging clients to start building wealth earlier in life and placing greater emphasis on long-term support...

Vanguard releases customizable model portfolios; Feathery launches wealth management AI tool; and more.

Electronic transfers and standardized forms for moving retirement savings between plans would be encouraged under the proposed regulations.

As advisers’ private capital investments are expected to nearly double in five years, surveyed plan sponsors and participants have mixed...

The investment manager formed by a breakaway Merrill Lynch team offers to be a single fiduciary partner for retirement, compensation...

‘Hidden’ fees may cost participants as much as 1.3 basis points, according to analysis by PensionBee.

Among surveyed employers, 69% reported their employees delaying retirement due to financial uncertainty.

Merit Financial Advisors acquires $900M firm; Cetera adds $240M former Commonwealth advisers; Prudential Advisors taps Ameriprise adviser; and more.

The recent acquisitions of NEOS Investments and Innovator Capital Management more than triple Goldman Sachs’ assets in exchange-traded funds.

The Department of Labor wants fiduciaries to find benchmarks for investments, but private assets, known for their illiquidity and limited...

Though more than half of retail investors surveyed by Betterment relied most on personal research and judgment, they did not...