Empower CEO Expects Continued Recordkeeper Consolidation
Edmund Murphy discussed Empower’s push into wealth management and building brand name recognition during investor day.
Client Service
Senior Safe Act Incentivizes Reporting Financial Exploitation of Seniors
Experts explained during a FINRA webinar that the act provides financial institutions immunity for reporting potential exploitation of senior citizens.
Human Interest Offers 3% Cash Back for New Retirement Savers
The incentive is available for first-time savers making $60,000 or less.
Advisor Group Issues Alert for 2021 Vendor Data Breach Affecting Clients
Personal information exfiltrated from RRD’s corporate data system included users’ names, addresses and Social Security numbers.
Giving Older Workers the Choice to Work or Retire with Dignity
Older workers do not have the means to retire, and others are working in subpar labor conditions, according to experts...
Strategies for Advisers to Approach Financial Literacy With Younger Workers
In honor of National Financial Literacy Month, PLANADVISER spoke with experts on how advisers can customize goals to fit the...
For NQDCs to Meet Growth Potential, Experts Turn to Customization
Less than half of recordkeepers currently offer “top hat service” for highly compensated employees.
Beyond Comp: What Makes Advisory M&A Deals Stick
When it comes to setting up a successful long-term relationship with top advisers, firms still generally rely on sticks instead...
Plan Sponsors Need Help Communicating Benefits to Employees
Plan sponsors should be aware of the financial literacy levels of their employees and make sure messaging is clear and...
Human Interest Targeting 401(k)s for Hourly Workers
The low-fee, BlackRock-backed provider sees a retirement savings gap affecting workers in service industries.
How to Guide Retirement Savers in 2023
Advisers and plan sponsors should encourage savers to focus on opportunities from the Secure 2.0 Act and on building up...
BlackRock Sells Direct-to-Consumer Robo-Advisory Business to Ritholtz
BlackRock is selling FutureAdvisor’s direct-to-consumer advice and investment business after acquiring the firm in 2015 as a business-to-business platform for...
401(k) Plan Fees Continue Decline on CITs, Lower-Cost Funds
Participants enjoyed lower fees within retirement investments in 2022, due largely to shifts by defined contribution vehicles, rather than from...
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.
Experts: Good RIA Succession Plans Separate Owners from Managers
A panel discussing succession planning also noted giving next-generation managers “permission to fail” as they learn to run their parts...
Financial Education Gap Remains Even as Provider Offerings Improve
Financial illiteracy may be costing the average American $1,819 per year, even as educational guidance and tools are advancing.
Social Security Administration Aims for Informative, Time-Saving Website Redesign
Understanding when and how to take Social Security distributions should be a critical part of everyone’s retirement planning, according to...
Subpar Technology Could Steer Clients Away from Advisers
Many advisers complain about lack of automation and functionality and prefer a platform that gives them more time to focus...
Advisers Should Counsel “Cautious Optimism” Amid Cooling Inflation
Retirement experts weigh in on how advisers can help plan sponsors and participants understand news of cooling inflation, but continued...
Making Retirement Income Projections Useful
Plan participants need advisers to go beyond just awareness of their balance to thinking about that balance in the form...