Search results for: acts 19
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.
Betterment Pays SEC $9M for Misstatements Regarding Tax Loss Harvesting
The digital advice and IRA provider agreed to pay the fines without admitting or denying wrongdoing.
Social Security Uncertainty Bolsters Use Case for HSAs, Proponents Say
Because of rising health care costs and the predicted insolvency of Social Security, experts tout HSAs as a powerful tool to save up for health care expenses.
Prime Time for Diversifying with Municipal Bonds, According to Capital Group
Munis provide a good recession buffer in the current market, experts say.
SEC Makes Important Investment Company Act Exemption
Allowing one tech company to avoid registering as investment company could be the first step toward a permanent rule.
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...
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.
Investment Product and Service Launches
EP Wealth introduces diversity scholarship; Vanguard launches short-term tax-exempt bond ETF; Lincoln Financial Group enhances industry-leading MoneyGuard suite.
Investment Product and Service Launches
Cambridge Financial launches private client solutions offering; Orion offering free learning for fiduciary advisers; and more.
CAPTRUST Survey Shows Nonprofits Ignore Benefits of Select Investments
New research shows organizations often overlook alternative assets, ESG and DEI.
Bridging the Racial Retirement Gap: A Conversation With Spencer Williams
The CEO and president of the Retirement Clearinghouse talks about his decades-long project with Bob Johnson to implement 401(k) auto-portability.
Advisory M&A
Cetera Financial Group broke adviser recruiting record in 2022; Advisor Group added 1,800 advisers representing $84.2B in client assets in 2022; Wealth Enhancement Group expands in East Coast...
Nonqualified Deferred Compensation Plans Increasingly Include Noncompete Clauses
Employers are leveraging NQDCs for retention use at increasing rates, with 30% having a noncompete provision.
Advisers, Lobbyists, and Service Providers Respond to SEC Outsourcing Proposal
Some call for the SEC to drop the proposal; others want clarity on which outsourcing duties should be vetted; and some are in favor, with changes.
BNY Mellon Dismissed, Alight, Colgate-Palmolive Remain in Retirement Theft Lawsuit
A District Court judge dismissed BNY Mellon from an ERISA lawsuit, leaving defendants Alight Solutions and the Colgate-Palmolive employee relations committee.
Congress Passes SECURE 2.0, Forwarding Second Major Retirement Reform in Three Years
The passage of sweeping policy to increase retirement saving among Americans now awaits presidential signature.
SECURE 2.0 Bill Contains Popular and Widely Anticipated Retirement Reforms
Legislation now needs Congressional approval, along with the budget, and the president’s signature this week.
Compliance News
Legislative and Judicial Actions
SEC Vets Adviser Outsourced ServicesOn October 26, the Securities and Exchange Commission proposed new rules requiring that financial-planning and wealth-management advisers vet and monitor vendors to which they...