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The bill would require the SEC to study and update its definition of ‘small entity,’ which could significantly impact independent financial advisers. 

Current CEO Larry Raffone will become chairman of the board while remaining a meaningful shareholder.

The deal would boost Franklin’s defined contribution asset management to $90 billion in AUM, while Great-West, parent of Empower, will gain a stake in Franklin.

Following Smart’s recent $95 million Series E funding round, the acquisition takes Smart’s global assets under management total to more than $10 billion.

The House is scheduled to vote on the proposal Wednesday before passing it to the Senate.

Personal information exfiltrated from RRD’s corporate data system included users’ names, addresses and Social Security numbers.

Mike Fanning, who oversaw the firm’s sale of its retirement recordkeeping division to Empower, is set to retire.

Ameriprise Financial welcomes team of female advisers; Concurrent launches RIA; Merit Financial acquires Planned Futures; and more.

A ‘technical’ issue led to overstated projections of yield and income for nine money market funds for about 8.5 million accounts.

Managers who asked the Fed for help during the pandemic but who oppose swing pricing should “look in the mirror,” according to Gensler.

A district court judge dismissed a case brought by six former employees claiming the auto parts company allowed 401(k) participants to pay excessive recordkeeping and investment fees.

Proprietary recordkeeper fund options can be worth the fee reduction in investment plans, but they must be looked at carefully, note advisers in a PLANADVISER practice progress webinar.

Cambridge Associates names Davidson president, head of investing; retirement consultant Mischell joins Agilis as managing director; ACA Group appoints Olson CEO; and more.

The majority of Generation Z, including investors and non-investors, rely on social media and family members for financial information.

NFP appoints Joel Shapiro as president of retirement division; Nationwide taps Cheryl Thompson for head of retirement solutions operations. 

A bill approved by the House Committee on Financial Services would permit CITs in all 403(b) plans to bring parity with other tax-privileged plans.

Business confidence is down among small employers. But 401(k) and other benefits are likely to remain amid long-lasting tight labor market, according to CBIZ.