According to a Charles Schwab report, the average account balance decreased approximately 20%, year-over-year.
Plan adviser users of the tool can automatically pull key data for the plan they are advising into the system from the data contained in the IRS Form 5500 database.
According to a Charles Schwab report, average balances across all self-directed brokerage accounts finished 15% lower than the first quarter.
Retail investors generally pay more fees in IRAs than in workplace plans, leading to higher costs and lower long-term savings.
In general, fund fees continue to decline, including those of actively managed funds.
As they head into 2022, DCIO sales and marketing units report appreciating stock prices and improved net sells that they expect to continue.
SEI launches asset allocation-based models as part of ETF strategies; Vanguard adds active equity funds to Personal Advisor Services solution; and John Hancock introduces mortgage-backed securities ETF.
Despite the market rebound, 2021 reports find retirement planning contributions were still low.
Ubiquity Retirement + Savings makes ESG options available to 401(k) plans, and HSBC launches AI powered multi asset index.
Domini Impact Investments releases mutual fund; FIDx partners with American Equity and Eagle Life; and ASI launches several ESG-focused funds.
The proposed disclosure framework would feature ‘concise and visually engaging shareholder reports,’ according to the federal securities market regulator.
Collective investment trusts are becoming more transparent; case in point, Hand Benefits & Trust Co. has gone live with more than 30 CIT tickers on the Nasdaq Fund Network.
Knowledge about and connections to the collective investment trust marketplace can be a key selling point for retirement plan advisers in 2020 and beyond—especially when serving small and mid-sized clients.
Innovator expands Defined Outcome ETF suite; Vanguard merges Capital and Windsor funds; and IHS Markit delays rebalancing actions on indices.
“Many states are home to headquarters or critical operations for numerous mutual fund sponsors where Americans have entrusted their savings to meet a wide range of financial goals. Those mutual fund companies must remain in operation to ensure access to invested monies for shareholders across the country,” ICI's president wrote in a letter.
Franklin Templeton launches new funds, and Wells Fargo incorporates changes to TDFs.