| Neuberger Berman 401(k) Latest Cited in Self-Dealing Suit |
| The complaint says each time the plan paid fees to Neuberger Berman, or other Neuberger entities, in connection with the investments in proprietary funds, the defendants caused the plan to engage in a prohibited transaction under ERISA.
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| Advisers Embrace Social Media, Taking Cue from Wealthiest Clients |
| Interestingly, the desire to utilize more digital communication pathways does not necessarily mean wealthy investors don’t want to see their advisers’ faces: 40% of ultra-high net worth investors of all ages indicate that video chatting is a service they would utilize, Spectrem Group finds.
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| Institutional Investors See Low Returns Again in Q2 |
| “Weak international returns contributed to a median plan return that underperformed the 60/40 portfolio in the second quarter and for the year ending June 30, 2016,” says Robert Waid with Wilshire Associates.
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| Measuring and Mastering Profitability |
| The 20/80 rule is well-known in the retirement plan advisory industry. “They say that 20% of your clients give you 80% of your revenue,” says Michael Kane, managing director of Plan Sponsor Consultants in Atlanta. “They also say that, for some newer advisers, 20% of their clients take up 80% of their time—which is unfair to their good clients.”
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