Deals & People July 18th, 2023 Fiducient Advisors Names Sabrina Bailey CEO Fiducient brings on retirement and asset management veteran from the London Stock Exchange.
Compliance July 18th, 2023 Verizon Settles 401(k) Complaint for $30M The agreement is still pending court approval but would end 7-year court case.
Compliance July 17th, 2023 SEC’s Gensler Says AI Can Create Conflicts of Interest The SEC chair said that an AI program that even accounts for the interests of the adviser could present conflicts...
Compliance July 17th, 2023 IRS Issues RMD Relief Related to SECURE Rules The IRS notice provides additional time to rollover mistaken required minimum distributions as well as RMD relief for IRA beneficiaries.
Deals & People July 17th, 2023 Advisory M&A Hub expands in Southeast; Nava acquires benefits consultancy; Cerity adds wealth managers focused on women-owned businesses; and more.
Data & Research July 17th, 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...
Compliance July 14th, 2023 Congressional Hearings Scrutinize Proxy Voting Republicans accused proxy firms of prioritizing ‘woke’ political agenda ahead of financial considerations.
Products July 14th, 2023 Fidelity Starts Reinsurer Focused on PRT, Retail Annuities The investment giant has registered a Bermuda affiliate to focus on the booming pension risk transfer and retail annuity markets,...
Deals & People July 14th, 2023 Retirement Industry People Moves Perigon selects Hasan as CIO; State Street appoints Donohue as head of sustainability; GoldTree hires Plotke as principal.
Compliance July 14th, 2023 Fidelity Latest Victim of MOVEit Hacks via Vendor PBI PBI Research Services announced that more than 371,000 customers at client Fidelity had personal data exposed in the breach.
Deals & People July 14th, 2023 Ascensus Brings on Asset Management Executive as President Former Pendal Group CEO Nick Good will report to CEO and Chair David Musto.
Compliance July 13th, 2023 Senate, House Spending Bills at Odds on SEC Adviser Proposals The House’s budget bill would block the safeguarding and climate risk proposals, whereas the Senate budget would not.
Deals & People July 13th, 2023 CAPTRUST Expands Presence in South Acquisition of Southern Wealth Management brings managing partner Dick Jones and 62 colleagues to CAPTRUST.
Products July 13th, 2023 Investment Product and Service Launches Schwab introduces tools for workers with student loan debt; CapIntel launches proposal builder for SEC Marketing Rule compliance; Penny Finance...
The Markets July 13th, 2023 IAA: SEC Marketing Rule Still Top Concern for Compliance Teams Investment advisories rank the marketing rule as the ‘hottest’ topic for the third year in a row, followed by cybersecurity...
Compliance July 12th, 2023 SEC Changes Liquidity Fee, Gate Structure for MMFs MMFs must be significantly more liquid in 2024 under new rule updates adopted this week.
Compliance July 12th, 2023 Insurance Group Calls On White House to Support More Retirement, Annuity Legislation The IRI wrote to the Biden administration in the hopes it will back retirement legislation that paves the way for...
Compliance July 12th, 2023 Twitter Hit With $500M Suit for Unpaid Severance The proposed class action alleges Elon Musk promised to abide by the firm’s severance plan but did not follow through.
Client Service July 12th, 2023 T. Rowe Price Champions Co-Branding With Adviser Firms T. Rowe's head of core market segments says co-branding on financial wellness and advice can increase lead generation.
Compliance July 12th, 2023 Wake Forest Baptist Health Settles 403(b) Suit for $3.8M The plaintiffs filed an unopposed settlement after “hard-fought” negotiations.