News

Cerulli Associates predicts the IRA marketplace will grow steadily over the next five years and expects assets to rise to $7.3 trillion by 2016.

Cerulli Associates estimates there were approximately 11.5 trillion investable asset dollars in retirement income opportunity (RIO) households in 2010, and this number is expected to reach $13.7 trillion...

ProShares launched ProShares UltraPro 10 Year TIPS/TSY Spread (UINF) and ProShares UltraPro Short 10 Year TIPS/TSY Spread (SINF).  

 Envestnet Inc., a provider of wealth-management solutions for financial advisers, is acquiring Prima Capital Holding Inc.   

Financial advisory firm Guardian Capital Advisors, LLC, released a podcast about 401(k) planning for companies.

Beirne Wealth Consulting LLC (BWC) launched as an independent registered investment adviser (RIA).

Less than half (45%) of young investors plan to contribute to an Individual Retirement Account (IRA) for the 2011 tax year.

Pioneer Investments launched a tool for registered investment advisers (RIAs) to help them comply with the new 408(b)(2) regulation.  

Men tend to become impulsive, save less and use credit cards more when under the perception that women are scarce, according to research from the University of Minnesota’s...

More than four out of five investors who work with a financial adviser indicate a high level of trust in those professionals (82%), according to a John Hancock...

Principal Financial Group released a white paper called “Income Distribution: Comparing a Bucket Strategy and a Systematic Withdrawal Strategy.” 

Pension plan sponsors view controlling funded status volatility as the top priority for their organizations, reports an SEI Quick Poll.  

Great-West Retirement Services appointed Cheney Hunt as regional sales director for San Diego, California.  

CAPTRUST has added four retirement industry veterans to its team of advisers and opened an office in Kansas City.

Goldman Sachs Asset Management (GSAM) is acquiring Dwight Asset Management (Dwight) from Old Mutual Asset Management (OMAM).  

Mid-sized advisers must transition their registration from the Securities & Exchange Commission (SEC) to their applicable state authorities and are encouraged to begin the process as soon as...

 The share of plan assets in company stock fell seven percentage points for KSOPs because of the diversification provisions in the Pension Protection Act of 2006 (PPA2006). 

 The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...

Tom Nally was appointed president of TD Ameritrade Institutional, the firm’s business unit serving independent registered investment advisers (RIAs).  

Retirement plan sponsors who conduct marketplace reviews with finals presentations are 55% more likely to remain with their current provider today than they were as recently as four...