Empower Workplace Assets Rise 13% Through Q2, Personal Wealth Jumps 28%
CEO Ed Murphy says rollover capture also increased year-over-year in the quarter for assets with an average of about $100,000.
In Practice
Smaller Plan Sponsors More Likely to Default to TDF that Moves to Managed Accounts
A hybrid QDIA solution that transfers participants from a TDF into a managed account can be a hard sell, say...
BofA: Hardship Withdrawals Up 36% As More Prioritize Short-Term Needs
Distributions were down and hardship withdrawals were up, though overall saving rates remained steady, according to the bank’s latest participant...
Experts Forecast More Retirement Plan Options for Gig Workers
The majority of a Transamerica-sponsored panel sees better retirement plan offers and even matching for gig workers by 2026.
Conference Board: Remote Work Better for Employee Retention
Mandatory return to the office programs make attracting and retaining talent more difficult, according to an annual workplace survey.
73% of 401(k) Savers Would Like Personalized Investment Advice
Calculating the amount needed for retirement and identifying a retirement income stream are among the top needs for workplace savers,...
Carson Group Starts Beta Testing for New Financial Wellness Program
The wealth manager plans to join other big RIAs in serving participants with its own financial wellness program, according to...
Vanguard Expands Retirement Clearinghouse Eligibility to IRA Account Holders
The asset manager, which has partnered with the clearinghouse on 401(k) rollovers since 2021, is turning to forgotten IRAs.
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.
Americans Pick Advisers Who Appreciate Their Needs, Have Track Record, Survey Says
Data also showed that having an adviser boosts a respondent’s financial confidence.
Schwab: Financial Advisers Using Behavioral Finance Gain More in New Assets
Advisers also turned to personalized options such as direct indexing to stand out for clients.
The Portability Services Network, Explained
The network started by Retirement Clearinghouse has many of the largest recordkeepers signed up to coordinate on retirement plan portability....
AI Meets Retirement: How Newfront is Mining 5500s, Leveraging Chatbots
The tech-focused advisory recently brought its AI-driven benefit solutions to Congress. This fall, it will be using AI capabilities to...
IRI Releases DEI Best Practices for Talent Acquisition
Christina Brady, the IRI’s COO, says the publication is a result of considerable discussion across 2022 and 2023.
Changing Workforce: Employees Over 55 Will Make Up 25% of US Labor Market by 2031
A Bain & Co. study found that the so-called Great Resignation has become the ‘Great Sabbatical,’ as many return to...
The PLANADVISER Interview: Jay Jumper, CEO, Future Capital
The head of a retirement plan advice and managed account provider discusses the ‘race to the participant’ and why some...
Cogent: Advisers Should Lean Into 401(k) Cost-Cutting Conversations
A new Cogent report shows plan sponsors are more likely to direct heightened scrutiny, including cost-cutting, toward their retirement plans.
Wealth Management M&A Dips Slightly in Q2
The second quarter decline mimics similar drops in 2020 and 2022, even as the industry went on to strong dealmaking...
Annuity Consultants Tout SPIAs as Best Income Option
Michelle Richter-Gordon and Mark Chamberlain are seeking adviser feedback on a digital guide touting the virtues of single premium immediate...
Gen X, the First 401(k) Generation, Is Least Prepared for Retirement
Gen Xers entered the workforce as pensions were fading and 401(k) plans were ‘primitive.’ Now they are closest to retirement...