Deals & People May 15th, 2024 Vanguard Taps Former BlackRock Divisional Head for CEO Vanguard appoints iShares head Salim Ramji to succeed Tim Buckley in July, the firm’s first external hire to the top...
Products April 25th, 2024 Product & Service Launches – 4/25/24 BlackRock live with retirement income with annuity for plan sponsors; Nationwide adds dynamic feature to its retirement income offerings; CAPTRUST...
Data & Research April 1st, 2024 Vanguard Surpasses BlackRock for Top Spot in Asset Management Brand Ranking The Broadridge Fund Brand 50 report shows the influence of brand on third-party fund selection.
Compliance March 27th, 2024 BlackRock’s Non-ESG Funds Are Still ESG, Mississippi Order Says Mississippi alleges that BlackRock misled investors and should be fined millions.
Client Service March 26th, 2024 BlackRock’s Fink Calls for Retirement System Rethink in Annual Letter The CEO makes the case that, as populations age and people live longer, the need to build retirement savings ‘has...
Practice Management January 30th, 2024 BlackRock Heightens DC-Adviser Focus Firm announces new resource center, and leader, to work across DC plan and financial advisement.
Client Service January 22nd, 2024 American Funds Maintains Largest TDF Inflows in 2023 The TDF manager brought $19.8 billion into its TDF investments in 2023, highest among U.S. managers.
Deals & People January 16th, 2024 Advisory M&A News – 1/16/24 BlackRock ramps up alts exposure with GIP acquisition; SageView Advisory Group acquires Palmer Retirement Consulting; Financial Advisers launches Avise Financial.
Compliance December 18th, 2023 House Judiciary Committee Issues Subpoenas to BlackRock, State Street for ESG Documents The Republican-controlled committee alleges collusive behavior against the fossil fuel industry by asset managers participating in climate-related initiatives.
Compliance December 13th, 2023 Litigation Trends to Watch in 2024: Drop in TDF Suits, More Forfeiture Complaints Attorneys from Faegre Drinker Biddle & Reath LLP discuss qualified retirement plan litigation trends for the new year.
Products November 9th, 2023 BlackRock’s Fink Marks 30-Years of TDFs The asset manager’s CEO noted the importance of the TDF in retirement savings and a recent ETF-driven series designed for...
Products October 26th, 2023 Candidly Launches Emergency Savings Solution The education debt management platform expands with ‘more inclusive solution’ available as one of its SECURE 2.0-based retirement options.
Compliance October 25th, 2023 SEC Fines BlackRock Advisors $2.5M for Disclosure Violation The SEC charged the firm with inaccurately describing a business in which it held $75 million in debt.
Products October 19th, 2023 BlackRock Launches Target-Date ETFs Aimed at Self-Directed Retirement Savers The TDFs will provide ETF access in a glide path as the firm targets 57M workers who lack 401(k) access.
Compliance August 31st, 2023 Former American Airlines Pilot Fires Back in Retirement Plan ESG Suit The plaintiff doubles down on allegations the airline defaulted him into ESG-related funds.
Compliance August 15th, 2023 Another BlackRock TDF ERISA Challenge is Dismissed An ERISA lawsuit alleging TDF underperformance by the asset manager for Cisco 401(k) participants has been dismissed.
Data & Research July 26th, 2023 BlackRock: Retirement Confidence Shows Steady Decline BlackRock's annual survey of the retirement space also finds participants are interested in guaranteed income to help with retirement security.
Products July 6th, 2023 Investment Product and Service Launches BlackRock Debuts First Buffer ETFs; SMArtX Adds 15 Investment Strategies; Fidelity Refiles Spot Bitcoin ETF Application.
Data & Research June 28th, 2023 BlackRock, Policy Group Detail Results of Delaying Social Security, Adding Guaranteed Income Researchers ran participant simulations to show retirement income spending power could get an almost 30% boost with the strategies.
Data & Research June 20th, 2023 Vanguard’s ESG Support Half That of BlackRock, State Street Of a sample of shareholder proposals linked to ESG, Vanguard opposed almost three-quarters.