Retirement Industry People Moves
Mercer Advisors makes three acquisitions; retirement and wealth management firm kPlans joins SageView Advisory Group; Prudential hires a global head...
News
Are Retirement Savings Tax Incentives Leaving the Middle Class Behind?
A new report details how today’s retirement savings structure and tax incentives fail to promote adequate retirement security for the middle class.
Don’t Be Afraid of DOL, IRS Audits
Assuming there is no malfeasance or criminal activity going on, the process of a DOL or IRS audit does not have to be unpleasant, even if minor issues...
Investment Product and Service Launches
Nationwide adds two new death benefit features; Putnam Investments to launch five new investment strategies; and Broadridge launches multi-account collective...
In Many Ways, ESG Is Nothing New
While often spoken about as a new or emerging phenomenon, the practice of building portfolios that address environmental, social and...
Senate Vote on EBSA Nominee Fails
The vote will be rescheduled for when Vice President Kamala Harris can break the tie.
Building Practice Culture: The Next Generation
As an adviser, Janine Moore says those in the next generation must have access to good mentors and peers whom...
RISE & SHINE Act Markup Scheduled
Lawmakers will convene an executive session to mark up the RISE & SHINE Act on June 14, according to a spokesman from the Senate...
Insight on Retirement Industry Trends
A study of consulting and advisory firms reports on trends in retirement income, ESG and more.
Building Practice Culture: Mentors and Mentees
The relationship between mentor and mentee should be mutually beneficial, as both work to accomplish their many shared and individual...
HUB’s $1.1B CSi Acquisition Highlights Ongoing Consolidation
Given CSi’s more than 50 years in practice and integrated third-party administration business, its acquisition by HUB International shows how even the most well-established retirement advisory shops see...
IBM Pension Plan Faces Outdated Mortality Data Challenge
The plaintiffs are seeking to remedy alleged failures by an IBM pension plan to pay joint and survivor annuity benefits...
SEC Enforcement Approach Imperiled by 5th Circuit
While the ultimate outcome may be settled by the Supreme Court, the 5th Circuit’s ruling in Jarkesy v. SEC could...
401(k) Investors Still Cautious in Volatile Market
Investors remain wary of the equity market’s volatility, as no trading days in May exceeded three times the average.
Retirement Industry People Moves
Creative Planning acquires Ferris Capital; Envestnet strengthens its retirement solutions ecosystem with new acquisition; TIAA appoints chief institutional client officer;...
Latest Social Security Solvency Update Sees 2035 Depletion Date
The combined asset reserves of the Old-Age and Survivors Insurance and Disability Trust Funds are projected to become depleted in 2035, which is one year later than projected...
An M&A Update for the Second Quarter
Nearly 190 retirement plan advisory firms have been acquired in the decade since 2012, and aggregators expect a substantial number...
Investment Product and Service Launches
Vontobel expands retirement plan offerings; Brooklyn Investment Group and Apex to launch A.I.-powered unified managed account platform; BlackRock updates multifactor...
Building Practice Culture: Showing You Care
As a practice leader within Morgan Stanley, Dan Becraft says it is a critical part of his job to help...
Capital One Financial Beats ERISA Suit
The dismissal order grants the plaintiffs, who are represented by the law firm Capozzi Adler, two weeks to file an...