News

Terminations, retirements and those exiting the industry by choice have all taken their toll on the adviser headcount, which slipped 1.4% in the past year.

As part of its retirement study, Merrill Lynch Wealth Management developed an index to measure the current level of national retirement peace of mind.

Adult children get more details about the financial situation of Mom than Dad, according to Fidelity Investments research.

Just over half (56%) of Americans say they are financially prepared to live to the age of 75, according to findings from Northwestern Mutual. 

Manager search activity increased in 2012 as institutional investors looked to diversify their portfolios, according to data released by Mercer.

Wells Fargo Retirement has added an in-plan guaranteed income solution to the choices of retirement plan investments available for plan sponsors.

The U.S. Department of Labor (DOL) is seeking comments about rules for lifetime income illustrations provided to defined contribution (DC) plan participants.

Kristin McCarthy was hired as a key account executive at ASPire Financial Services. 

Institutional investors are using exchange-traded funds (ETFs) both tactically and strategically, according to a study from Greenwich Associates.

S&P 1500 pension plan funding levels slipped 2% in April as a decline in interest rates offset the effect of a stronger equity market, according to Mercer.

Shield Level Selector, a single premium deferred annuity, was launched by MetLife to address protection from loss, and help with growth opportunities.

The Advisory Council on Employee Welfare and Pension Benefit Plans will hold an open meeting at the Department of Labor (DOL) June 4 to 6.

Financial advising as a career for women is projected to grow 32% from 2010 to 2020, according to the Bureau of Labor Statistics. 

The Social Security Administration (SSA) is now offering a new mobile-optimized website specifically aimed at smartphone users.

Lincoln Financial Distributors (LFD) and Primerica Inc. will be releasing more annuity products.

Morningstar Inc. has introduced the next generation of Morningstar Retirement Manager, its advice and managed account service for defined contribution (DC) participants.

Meeder Investment Management announced the launch of its 3(38) fiduciary service.

Independent broker/dealers and RIAs continued outpacing wirehouse firms in long-term mutual fund asset growth in the first quarter, according to Access Data and Strategic Insight. 

The bill, SB 814, affects financial services firms with affiliated financial advisers in Florida, regardless of where the firm’s headquarters are located.  

President Obama’s proposal to cap individual retirement accounts (IRAs) not only has the potential to affect participants — it could also add administrative work for sponsors and advisers.