PLANADVISER Weekend Newsdash
Week ending March 17th, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! This week the DOL fiduciary rule and 401(k) industry-focused litigation again grabbed headlines—but readers also responded with interest to our story, “Few Millennials Making Recommended 401(k) Contribution.” Research reported on in the article offers equal cause for concern and optimism about Millennials’ collective financial future. Collected below you will find a series of additional articles exploring the role of Millennials as consumers and providers of financial advice. 
Editor's choice
Millennials’ Most Valuable Asset: Time
According to data from John Hancock Retirement Plan Services and Allianz Life, many Millennials have already fallen behind recommended retirement savings targets—but they also have time to recover and set the right approach. Read more >
Millennials Essential
Many studies have shown that two-thirds of retirement advisory practices have no succession plan. This widespread failure among retirement plan practices to consider the future can be particularly troubling, as “the average age of all advisers today is 51, 21% are over the age of 60, and 50% are within 15 years of retiring,” says Richard Saperstein, managing director and chief investment officer at HighTower Treasury Partners in New York City. Read more >
Millennials Favor ESG Amid Unfavorable Political Climate
While little concrete policy has yet been crafted, it is commonly assumed that the Trump administration will have little enthusiasm for promoting environmental, social and governance investing. Read more >
Millennials Fret Their Student Debt Load
More than half of all young workers worry about repaying their student debt “either all the time or often,” according to a new survey by American Student Assistance. Read more >
Millennials Overconfident in Their Financial Knowledge
Less than a quarter know the basics about finances. Read more >
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Brown University Wins Dismissal of Many Claims in 403(b) Plans Challenge

However, a federal district judge found enough plausible evidence to move some duty of prudence claims forward.

Fidelity Debuts Personalized Planning and Advice Solution

According to Fidelity, the enhanced managed account solution combines a personalized digital experience, discretionary investment management, ongoing support and access to a team of professional planning consultants.

Retirement Industry People Moves

Carillon Tower Advisers Adds Array of Sales Team Members; Kestra Financial Partners with Merrick Financial; Russell Investments Hires Regional Investment Consultants; and more.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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