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Cover Story
A Step in a New Direction
Today’s business model may add wealth management and other services—how plan advisers make it work.
Nuts and bolts
Financial Wellness Differentiators
Financial wellness is the latest frontier of participant education. According to the 2023 PLANSPONSOR Industry Benchmarking report, 77% of plan sponsors offer some sort of financial wellness program....
On the Move
On the Move
Investment Companies Name New CEOs Five investment companies that serve defined contribution retirement plans have announced CEO changes. Russell Investments Group LLC, an investment and outsourced chief investment officer...
Just the facts
Just the Facts
Top of the Wish List As to possible resources employers could add to help their workers “pivot” into retirement, a guaranteed income product ranked first (67%) with employee...
Investment Group Calls On FTC to Exempt Execs From Non-Compete Ban
The IAA wants to keep non-compete clauses for employees with access to proprietary investment data, as the end of the FTC comment period looms.
DC Plan Council Expects Increase in Real Estate Investing
Real estate allocations can strengthen participant outcomes and reduce volatility, according to the Defined Contribution Real Estate Council.
Pensionmark CEO Says Firm Moving to 50/50 Retirement, Wealth Split by Summer
About one year after being acquired by World Insurance, Pensionmark discusses robust pipeline of wealth adviser transactions ahead.
Advisory M&A
Aristotle acquires $20B Pacific Asset Management; Beacon Pointe Advisors acquires $1B NY-based advisory; Cetera takes minority stake in $350M adviser; and more.
Gensler to Testify at House Oversight Hearing Next Week
Items such as the SEC’s market structure and cybersecurity proposals are likely targets for questioning, as is the SEC’s climate disclosure proposal.
Adviser M&A Deals Bounce Back in Volume, Worth in Q1
Echelon’s quarterly M&A report found private equity financing helped push Q1 2023 numbers above Q4 2022 results.
Adviser Product Partnerships
RetireOne and Pension & Wealth Management Advisors launch income insurance program; Sanctuary Wealth partners with Pontera to expand adviser toolbox; and more.
New Plans Will Need Engaged Advisers for Success in SECURE 2.0 Era
SECURE 2.0 brings opportunity, but also implementation, tracking and administrative questions, according to experts speaking on a PLANADVISER webinar.
Advisory M&A
Former Goldman Sachs execs launch wealth management consolidator with $200M; Mercer Advisors buys Andesa Financial Management; Acorns acquires UK-based financial education provider; and more.
Latest Decision in Hughes v. Northwestern Opens Door to More ERISA Litigation
In reviewing a 2022 case remanded by the Supreme Court, the 7th Circuit Court of Appeals allowed two of the plaintiffs’ three claims to continue at the District...
Pitching Value: Advisers Discuss How to Approach Client Fees
The modern plan adviser can use multiple options to meet plan sponsors’ personalized needs.
Voya Launches Advisory Services Solution
The new program includes online investment advice, as well as managed accounts.
Adviser Satisfaction Dips Amid Big Market Drop
In 2022, investor satisfaction with full-service investment advisers fell 17 points on a 1,000-point scale.
Coca-Cola Settles ERISA Lawsuit Against MEP
The plan has agreed to a $3.3 million settlement for a complaint alleging it failed to drop an overpriced fund.
SECURE 2.0’s Disappointments
SECURE 2.0 has a number of issues with it such as its budget myopia and failure to expand access adequately.
Beyond Comp: What Makes Advisory M&A Deals Stick
When it comes to setting up a successful long-term relationship with top advisers, firms still generally rely on sticks instead of carrots.