Fidelity Sees Jump in Quantity, Value of RIA M&A Deals Since 2020
During the last three years, 492 transactions took place, compared to 146 during a similar period from 2017 through 2019.
News
Voya Chief Client Officer Exits
William Harmon is leaving the recordkeeper, with two senior leaders taking up the role of outreach to advisers and plan...
Experts: Plan Committees Need Consistent Focus on Cybersecurity
Communicating digital safeguards to participants and engaging IT teams are key, experts said at the PLANSPONSOR National Conference.
House Appropriations Bill Would Block Safeguarding and Swing Pricing Proposals, Among Others
The legislation also targets the climate disclosure and market structure proposals.
Advisory M&A
Moneco Advisors receives minority investment; Integrated Partners creates Insurance Solutions Division; Omnia Wealth Group launches with support from LPL Financial.
BlackRock Changes Up Public Policy Team
Samantha DeZur will now head U.S. division of team focused on public policies regarding investors’ long-term interests.
Are Your Clients Insured Against Cyber Threats?
Experts share tips for how plan sponsors can protect themselves from the increasing threat of cybersecurity attacks and evolving litigation.
CalPERS, CalSTRS Hit By Third-Party Cybersecurity Breach
The public employee retirement systems are working to notify people with exposed accounts.
Median Retirement Plan Value Hits Record Low in 2022
Market volatility also contributed to declines in average plan balances, contribution rates and overall plan participation, according to Alight.
Number of Investment Advisers Hit Record High in 2022
The uptick occurred even as assets under management fell for the first time since the 2008 financial crisis, according to...
Retirement Industry People Moves
DriveWealth appoints Pizzorusso as global CFO; Burke joins Cetera Advisors; Hub International Mountain Welcomes Executive VP; and more.
IAA: SEC’s Pending Adviser Proposals Are Redundant, Inconsistent
A letter from the industry association outlines what it calls overlap and inconsistencies between them.
American Benefits Council: Roth Catch-ups Can’t Be Done in Time
The new mandatory Roth treatment for certain catch-ups introduced by SECURE 2.0 continues to concern retirement professionals.
OneDigital Acquires $3.8B Retirement, Wealth Shop StoneStreet Equity
The deal is the fourth retirement and wealth acquisition of the year for OneDigital and expands its Northeast presence.
Empower CEO Expects Continued Recordkeeper Consolidation
Edmund Murphy discussed Empower’s push into wealth management and building brand name recognition during investor day.
Carson Group Expands Retirement Planning With Equity Stake in Northwest
The adviser network aims to ‘better compete’ for retirement plan business.
Anti-ESG Bill Would Require Only Pecuniary Factors to Be Considered
Kentucky Representative Andy Barr introduced a bill aimed at returning investment regulations to a Trump-era standard.
One-Quarter of Pre-Retirees Expect to Delay Retirement, According to Nationwide
An additional 15% are unsure if they will ever be able to retire.
Adviser Product Partnership
Kashable, SecureSave deliver financial benefits to employers; Vistria, Kohlberg announce strategic partnership with USRBP; Viu by HUB, Unison to simply...
July Acquires Sunwest Pensions to Expand National Presence
The 401(k) provider continues its PE-backed acquisition strategy by booking its fourth deal of the year.