Product & Service Launches – 7/3/24
Orion launches stand-alone trading solution, bundle for new advisers; Netchex partners with Vestwell on 401(k) for small and midsize firms;...
News
Don’t Overlook the Silent-to-Gen X Generational Wealth Transfer
Hearts & Wallets’ findings counter the idea that the Baby Boomer-to-Millennial wealth transfer should be advisers’ focus.
M&A Shows Up As Top Driver of Recordkeeper Swaps in New Study
Poor service quality was another driver of recordkeeper moves, new research from Escalent finds.
Considering the Hot Private Market Space for DC Plans
As new Blackstone financial adviser surveying reiterates the growth in private market investing, can asset managers leverage the moment to...
BNY Taps Minaya as Global Wealth Head
The former leader of TIAA’s Nuveen asset management division will start in the role on September 3.
GE Hit By Athene PRT Lawsuit
Schlichter Bogard LLP files a lawsuit against General Electric for completing a pension risk transfer with Athene, joining suits against AT&T and Lockheed...
Advisory M&A News – 7/1/24
NewEdge Advisors welcomes Fortis Wealth Advisors; 4 wealth managers join Savvy Advisors; Perigon Wealth Management acquires Creative Financial Planning; and...
Where is the Disconnect Between Employers and Employees?
Payroll Integrations finds that employers pay for benefits their workers think are not very important.
The DOL, the IRS and the Chevron Reversal
The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors.
FSI, SIFMA Join Insurance Industry Lawsuit Against Retirement Security Rule
Brokers and asset managers have also opposed the rule, alongside the life insurance industry.
From Plan Education to Wealth Management
When does financial education and planning for a 401(k) participant turn to individual wealth management? Practitioners discuss best practices for...
Challenges Facing Young Savers
Industry experts discuss how to address challenges facing young workers.
Participants’ Progress
Fresh research shows signs of progress for 401(k) savers, but challenges from lack of access to losing momentum due to...
Retirement Industry People Moves – 6/28/24
New York Life Institutional taps Grieco to lead nonqualified compensation distribution; Nationwide appoints Rodriguez to lead institutional sales for retirement; OneDigital promotes Bailey to head Northeast; and more.
Expert Reaction to the IB 95-1 Report
Though it lacked conclusions from the DOL, the report and the story behind it reveal where the DOL may further...
Chime Acquires Savings Benefits Startup Salt Labs
The Salt Lab team, led by benefits entrepreneur Jason Lee, and the firm’s offering will become a part of Chime.
Fidelity Reveals Top 5 Optional Provisions Plan Sponsors Are Most Likely to Adopt
Survey shows plan sponsors are most likely to adopt increased catch-up contribution limits for participants aged 60 through 63.
SPARK To Host Workshops On SECURE 2.0 Implementation
SPARK Institute and Vangaurd will host the workshops to focus on collaboration between retirement plan recordkeepers and payroll providers on...
Product & Service Launches – 6/27/24
John Hancock launches multi asset credit fund with Manulife; Morgan Stanley Wealth adds suite of generative AI tools; Avantis offers...
OneDigital Promotes Bailey to Grow Northeast
Emily Bailey will oversee the New York to Maine region with an eye to build on the team’s roughly 400-person footprint.