Investment Product and Service Launches
Ascensus partners with NextCapital for investment and fiduciary solutions, and Axioma releases Canadian risk model to suite of funds.
Leafhouse Packaged Solution Helps Advisers Support Plan Sponsors
The advantages of working with FlexPrecision allow financial advisers to concentrate on market opportunities and to cultivate new business.
Monitoring DC Plan Fund Menus Important for Participant Outcomes
It is important for plan fiduciaries to know what to consider for placing a fund on watch or replacing it.
Bank of America Introduces 3(38) Investment Management Offering
According to Stacy Bucchere, head of defined contribution at Bank of America, 4,100 Merrill Designated Advisors have completed designation requirements and will be able to provide either 3(21) investment adviser or 3(38) investment manager services.
403(b) Plan Sponsors Continue to Improve Investment Oversight
Even among 403(b) plans not governed by ERISA, PLANSPONSOR DC Survey results show that in 2016, 54.3% of plan sponsors reported they have an investment committee for their plans; this jumped to 67.3% in 2017 and 67% in 2018.
TAG Adds 3(38) Investment Manager Support to 401(k) Plans
Mesirow Financial will serve as the 3(38) investment manager for TAG's 401(k) Aggregated Solution.
OCIO Model Can Improve Outcomes for DB and DC Plans
Personal Touch Matters in 3(38) Fiduciary Marketplace
The demand for 3(38) investment manager search support and monitoring has moved up market into the range of plans with billions of dollars in assets; smaller plans are seeking cost savings while larger plans are seeking deeper expertise and nimble capabilities.
DOL Rule Provides Tailwind for Adoption of Outsourced Fiduciary Services
For the $5 million to $500 million DC plan market, advisers and consultants offering 3(38) discretionary investment advice are more common.