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.
News
Plan Sponsors Want More Automatic Retirement Features to Help Unengaged Participants
A TIAA survey of 80 plan sponsors points to the need for plan sponsors, advisers and providers to provide a...
Advisory M&A
LPL brings on $6.5B RIA; Sanctuary snags former UBS firm; Steward acquires Vantage Point from Merrill; and more.
SEC Proposes Restricting Internet Adviser Exemption
The proposal would require online financial advisers registered with the SEC to conduct business solely through their respective websites, as...
Vestwell Acquires Student Loan Benefits Firm Gradifi From Morgan Stanley
The move adds student loan-related tools such as employee payment management and debt refinancing to the digital 401(k) provider’s platform.
Voya Brings Pooled Employer Plan Option to 403(b) Plans
The firm calls its Secure Retirement 403(b) PEP the first to market, following a years-long push for PEPs in the...
House Spending Bill Would Block EBSA’s ESG Rule, but Senate’s Would Not
Congress has until September 30 to pass a budget bill.
Retirement Industry People Moves
AdvicePay names Suaickie CEO as Moore shifts to board; Plan Sponsor University brings on Kelleher as consultant; Ascensus names retirement...
MarshBerry: Retirement M&A Up in First Half, Bucking Overall Trend
Of the 18 retirement deals through the first half of 2023, 2 came from wealth advisories ‘dipping their toes’ in...
Managed Account Sponsors Shifting Advisers off Portfolio Management, According to Cerulli
Recent surveying shows more managed account sponsors are moving advisers to focus on clients, relying on home office or outsourced...
Investment Product and Service Launches
Franklin Templeton launches U.S. fixed-income ETF; PGIM announces collateralized loan obligation and active ETFs; Athene adds three fixed-income annuities.
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.
SEC Requires Public Companies to Disclose Cybersecurity Data
Annual reports must include information on the issuer’s cybersecurity management and governance, and they must disclose material incidents within 4...
Schwab Retirement Plan Services Partners With Newport, Conduent to Expand Capabilities
Schwab will offer increased services in nonqualified deferred compensation and defined benefit plans, highlighting a push toward large retirement plan...
Prudential’s Three Pathways to In-Plan Retirement Income
The head of Prudential’s retirement strategy division discusses the firm’s key focus areas for getting guaranteed income annuities into participants’...
TIAA In-Plan Annuity Option Hits 250,000 Participants
The in-plan retirement income marker coincides with another record quarter for retail annuities, according to a separate report from LIMRA.
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.
Alera Retirement Unit Adds Large-Plan Expert
Insurance, retirement and wealth management aggregator’s hire of Bryan Hissong is part of strategic effort to build out retirement plan...
Fiducient Advisors Names Long CIO
Bradford Long, current chair of the firm's investment committee, will be replacing Matthew Rice as chief investment officer.
Advisory M&A
Sequoia Financial adds $387M wealth manager; Pathstone adds Veritable to further focus on ultra-high-net-worth clients; and Savant Wealth buys combined...