529 Flows Dip to $1.5B, But Still Strong Amid Market Volatility
As of the fourth quarter of 2022, the total market for 529 savings plans rose to 16 million accounts with...
The Markets
Advisers Anticipate Difficult Investment Year in 2023
A recent survey of U.S.-based financial advisers revealed they expect elevated volatility in 2023 and will position their clients more...
Adviser Product Partnerships
FLX picks Broadridge for asset management distribution platform; Hub partners with employee recognition company Blueboard; more than 100 financial firms...
LIMRA: Individual Annuity Sales Shatter Prior Record in 2022
The trade association found retail annuity sales were 17% higher than a prior 2008 record, driven in part by investors...
TDF Mutual Fund Flows Jump 35%, With CITs Stealing Growth
Target-date mutual funds were by far the top investment vehicle for retirement savers last year, but new research shows collective...
Passive Mutual Funds Rising, but Won’t Overtake Actives Due to DC Plan “Stronghold”
Passive mutual funds' popularity is growing among investors, but defined contribution retirement plans will help actively managed funds maintain their...
Adviser Product Partnerships
Broadridge re-ups with IGM for broker wealth platform; Reverence Capital selects CAIS Channel for alt offerings; $25B RIA Sanctuary extends...
Alternatives Shine for Asset Managers Amid 60/40 Volatility
After the 60/40 portfolio failed to generate its usual stability in 2022, asset management firms suggest higher alternative asset allocations...
Investment Service and Product Launches
Transamerica brings to market life insurance policy with guaranteed income option; J.P. Morgan app sends check deposits directly into IRAs;...
Half of 1M Robinhood IRA Savers Pick In-App Investment Recommendation
Online stock brokerage Robinhood said nearly 75% of more than 1 million users for its new IRA offering chose a...
Among Advisers’ Top Concerns? Another 401(k) Drop in 2023
A “state of the industry” report from recordkeeper Ubiquity finds financial advisers fear another year of poor investment returns that...
Investment Service and Product Launches
The Standard Insurance launches four stable value funds; RightCapital adds SECURE 2.0 update to financial adviser planning platform; cryptocurrency platform...
Doll Forecasts A ‘Shallow’ Recession in 2023
Market guru Bob Doll of Crossmark believes a mild recession is imminent due to the Fed’s continued monetary tightening to...
Alternatives Get More Consideration Heading into 2023
As traditional asset markets continue to face challenges in 2023, DC plan advisers and plan sponsors are considering alternative investments...
Solving the Liquidity Factor for Alternative Investments in DC Plans
Alternative investments such as private real estate create a liquidity challenge for plan sponsors, but advisers can help find solutions,...
Market Nostradamus Doll Goes 7.5 for 10 in 2022 Predictions
The Crossmark investment leader’s self-evaluation turned up a passing grade for a rocky, and historic, 2022 in the markets.
Investment Service and Product Launches
Ameriprise testing retirement income planning service; Vanguard adds short-term tax-exempt bond ETF; Franklin Templeton starts ClearBridge sustainable infrastructure ETF; and...
Investment Service and Product Launches
John Hancock launches equity income portfolios; RBC launches U.S. mutual funds with exposure to global markets; FundFront unveils third liquid...
Investment Advisers Seek Talent Amid Staff Shortage
Investment advisers are prioritizing talent acquisition and retention due to client growth and strong business performance, according to Charles Schwab.
Vanguard’s Defection from Net-Zero Group Further Clouds ESG Investment Commitments
Vanguard left a net-zero asset manager initiative this week in a move emphasizing the different paths financial firms are taking...