In Practice July 12th, 2023 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...
Products July 11th, 2023 Vanguard, Fidelity Top Morningstar’s List of Robo-Advisers Morningstar named the two firms among their top digital investment advisers along with Schwab, Betterment and Wealthfront.
Deals & People July 11th, 2023 Principal Bolsters Retirement Division With Leadership Hires Principal adds four industry leaders to support the growth of its U.S. retirement business.
In Practice July 11th, 2023 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.
Deals & People July 10th, 2023 Advisory M&A Hub International acquires Golden Corner Wealth Advisors; Marsh McLennan Agency adds Integrity HR Inc.; Day & Ennis joins Mercer Advisors;...
Data & Research July 10th, 2023 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...
Compliance July 10th, 2023 EBSA Publishes Regulatory Update on Health Facility Fees, Provider Networks The FAQ says facility fees count toward out-of-pocket limits and price estimates, while maintaining a contractual relationship causes a provider...
In Practice July 10th, 2023 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...
Compliance July 7th, 2023 Federal Agencies Propose Plugging Short-Term Health Plan Workaround The Biden administration has proposed limiting short-term health plans it calls ‘junk insurance’ to four months instead of one year.
Compliance July 7th, 2023 FINRA Expels Brokerage Firm Monmouth for Violating Reg BI Monmouth is the second firm to be expelled by FINRA for failing to supervise its representatives’ trading.
Compliance July 7th, 2023 Supreme Court Accepts Case Challenging Legitimacy of SEC’s Adjudication System The court has agreed to hear a case next session which could dramatically reduce the authority of in-house adjudication process...
Compliance July 7th, 2023 Judge Rejects Proposed Class Certification in Remanded TIAA Retirement Plan Case Given the appellate court’s ruling, the district court found no ‘single policy’ affecting all putative class participants from Washington University...
Deals & People July 7th, 2023 Retirement Industry People Moves Segal appoints Tauzer to senior VP; Cerulli promotes O’Brien to director; Newton announces Brain as deputy CIO; and more.
Data & Research July 7th, 2023 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...
Deals & People July 6th, 2023 Principal Joins Portability Services Network Consortium now has representation from the country’s five largest plan sponsors.
Products July 6th, 2023 Investment Product and Service Launches BlackRock Debuts First Buffer ETFs; SMArtX Adds 15 Investment Strategies; Fidelity Refiles Spot Bitcoin ETF Application.
Compliance July 6th, 2023 Fake Silver Coin Scheme Penalized by CFTC The companies involved were penalized over $100 million and its main organizer was arrested on June 10.
Deals & People July 6th, 2023 Cbiz Adds to Retirement Plan Capability With APA Acquisition The financial and insurance advisory brings on Indianapolis-based American Pension Advisors, along with its 1,200 clients.
Compliance July 6th, 2023 J.P. Morgan Fined $4M for Recordkeeping and Outsourcing Failures The SEC penalty addressed recordkeeping issues including the early deletion of 47 million emails.
Products July 5th, 2023 PEP Growth Slows as Startups Fold An IRS clarification that expanded audits for PEPs may be a factor for some providers in leaving the market.