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5 New Members Appointed to ERISA Advisory Council
The 15-member panel comes from the retirement and investment industry and advises the Department of Labor on ERISA-related issues.
Aptia Announces Jeff Williams as US President
Williams will oversee Aptia’s benefits administration services book of business.
Advisers Face Obstacles to Incorporating Alternative Investments
Only one-quarter of advisers even have access to alts, according to Fidelity.
More Than 21.9M People Will Qualify for Saver’s Match, EBRI Says
The Saver’s Match will replace the Saver’s Credit in 2027, making it a direct government matching contribution into an IRA or eligible retirement plan.
Advisory M&A News – 3/4/24
PCS Retirement announces investment from Lee Equity Partners; Guthrie Rouner Group joins Ameriprise Financial; Robertson Stephens Wealth Management acquires the Thrush Group; and more.
How to Plan for Social Security Cuts
Robert Pagliarini explains why advisers should help their clients use saving and investment strategies that account for contingencies based on the future of Social Security.
Advisers Are Skeptical of AI’s Potential. This Economist Says It May Be at Their Own Loss
Behavioral economist Shlomo Benartzi took to LinkedIn to gauge how financial advisers view AI’s ability to replace humans. The response surprised him.
IAA and CFA Institute Conducting Survey on Marketing Rule Compliance
The survey seeks to collect data on compliance practices.
IRA Assets Climb to $13T, With Rollovers Fueling Growth
The ICI’s annual IRA report shows financial professionals continue to be the primary source for rollover advice, staying well ahead of the workplace.
Electronic Investor Disclosure Legislation Advances in Congress
Both houses are advancing legislation to prioritize electronic delivery of disclosures required by the SEC, while retaining investors’ right to opt out.
Retirement Industry People Moves – 3/1/24
SageView names Cowell director of participant education and engagement; The Standard appoints Maixner to national accounts sales director for retirement sales; Hub makes Scott head of employee benefits...
Fiduciary Responsibility: 3(38) Services Set to Increase
Plan sponsors are gravitating toward 3(38) investment managers, letting advisers take the wheel, according to a CAPTRUST senior plan adviser.
Manage My Wealth, Please
Plan advisers note increased demand from participants for individual wealth management, noting that they can often do so at lower fees or more creative fee models.
Financial Advisers Push to Manage 401(k) Assets
As demand increases for more holistic financial planning services, firms are looking to expand the market of financial advisers managing 401(k) assets.
Convergence Is Changing the Adviser Landscape; Let’s Make Sure It’s for the Better
Freedom Fiduciaries’ CEO discusses the challenges of a B2B industry shifting to integrate consumers and the model needed to get the transition right.
Prime Capital Announces Scholarship Fund Encouraging Women to Work in Finance
The program aims to support diversity in the financial services industry.
Nuts & Bolts: Fiduciary Basics
What new advisers need to know about being a fiduciary, which can be plan trustees, plan administrators or members of a plan’s investment committee.
Vanguard CEO Buckley to Step Down This Year
The asset manager’s board will commence a search among internal and external candidates, while CIO Greg Davis has added the ‘president’ title.
William Birdthistle Leaves SEC Post, to Be Replaced by Natasha Vij Greiner
Birdthistle greatly influenced many proposals and rules affecting advisers, including the names rule and the predictive analytics proposal.
Product & Service Launches – 2/29/24
Robinhood kicks off gig workplace IRA offering with employers including Grubhub; The Hartford to offer Origin financial wellness program to participants; and MetLife joins Fidelity's immediate annuity offering.