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PANC
2019 PLANADVISER National Conference
One adviser stressed the importance of making sure plan sponsors and their committee members understand what annuities are and that there is no one solution for all plans....
Advisers Giving Back: When People Need a Head Start
After learning about the work of Head Start, George P. Fraser decided to provide financial education to parents of students in the program and build a scholarship fund...
PANC 2019: Risk Management for Advisers
Expert attorneys and fiduciary insurance carriers demonstrate how advisers can put their best foot forward.
Is Mandatory Arbitration Likelier for ERISA Complaints?
The Dorman vs. Charles Schwab Corp. decision out of the 9th Circuit is significant, but it leaves at least one “glaring unresolved question,” attorneys say.
Retirement Industry People Moves
CFA Institute Appoints First Woman CEO and President; Spectrum Investment Advisors Names Top Leadership Appointments; AIG Retirement Names Regional Consultant Relations VP; and more.
Process Protects Fiduciaries in Sequia Fund Performance Lawsuit
The ERISA fiduciary duty requires fiduciaries to act with prudence, not prescience, a court said.
Average Self-Directed Brokerage Account Jumped 8.7% in Q119
The large increase, rising to an average of $267,609, was due to the improvements in the market, Charles Schwab says.
Self-Directed Brokerage Accounts Fell 10.6% in Value in 4Q18
Account values fell sharply from the previous quarter and were 6.3% lower than the previous year, according to Charles Schwab’s SDBA Indicators Report.
Retirement Industry People Moves
Murphy and Reynolds take new roles at Great-West; Retirement sales consultant joins TRA; ERISA industry committee appoints leaders; and more.
Trendspotting
Fiduciary Insurance Is Critical
Insurers scrutinize potential customers more carefully
Millennials Save More in ETFs and Cash
A Charles Schwab SDBA report says the group allocated to ETFs and saved cash at a higher rate than other generations.
With Litigation Rush, Fiduciary Insurance Adequacy Is Critical
As a result, insurers are scrutinizing potential customers more carefully, asking for extensive documentation and proof of compliance with stated policies.
Decreasing Plan Sponsors’ Fear of Making Certain Plan Changes
Adding automatic deferral escalation and stretching the match are settlor functions because they are plan amendments, so plan sponsors should not fear fiduciary litigation, even if to some...
Retirement Industry People Moves
Carillon Tower Advisers Adds Array of Sales Team Members; Kestra Financial Partners with Merrick Financial; Russell Investments Hires Regional Investment Consultants; and more.
Lessons from Litigation: Process Matters Most
When it comes to fiduciary liability insurance, having the broadest possible statement of coverage is generally best; this is because it is a functional test for determining whether...
Participants in Advised SDBAs Have More Diversified Allocation
A report based on data from participants in the Schwab Personal Choice Retirement Account says 18.7% of SDBA accounts were managed by an independent investment adviser.
Retirement Industry People Moves
Transamerica Expands Distribution Team; Alliance Aims to Extend Expertise in HR Industry; Procyon Partners Appoints Experienced Adviser to Portfolio Manager Position; and more.
Retirement Industry People Moves
Allianz Hires Director for Marketing of Tools and Services; Colony Enacts Mergers with Bridgewater Wealth and BWA; Three Bell Capital Partners with BPM Advisors; and more.
Retirement Industry People Moves
T. Rowe Price brings in new head of CEDT Innovation Center; Kestra Financial adds specialists to adviser platform; USI Consulting hires assistant vice president of retirement services; and...
micro scope
Professional Groups
Owners’ concerns are saving enough for retirement and reducing their tax liabilities