Deals & People June 1st, 2023 CAPTRUST Acquires Omega Wealth Partners Omega, based in Fort Worth, is CAPTRUST’s second deal in Texas this year.
In Practice May 31st, 2023 House Passes Small Entity Update Act to Evaluate Size Cutoff for Advisories The bill would require the SEC to study and update its definition of ‘small entity,’ which could significantly impact independent...
Deals & People May 31st, 2023 Edelman Financial Names Former Personal Capital Head Jay Shah as CEO Current CEO Larry Raffone will become chairman of the board while remaining a meaningful shareholder.
Products May 31st, 2023 Retirement Income Today: How Advisers Can Leverage GLWBs In-plan annuity products are proliferating, but if advisers want an option today, they should know about the guaranteed lifetime withdrawal...
Practice Management May 31st, 2023 The Good Old Days: Was the Pension Era Really as Good as Its Reputation? Experts point out the flaws in the often lauded 'pension past,' while discussing the benefits and potential of the 401(k)...
Practice Management May 31st, 2023 The ‘Other’ Retirement Income? Pair Passion With Part-Time Work, Experts Say The stark reality for many Americans is that Social Security and savings may not be enough to meet their retirement...
Deals & People May 31st, 2023 Franklin Templeton to Acquire Putnam for $925 Million The deal would boost Franklin’s defined contribution asset management to $90 billion in AUM, while Great-West, parent of Empower, will...
Deals & People May 31st, 2023 Smart Acquires Managed Account Provider ProManage Following Smart’s recent $95 million Series E funding round, the acquisition takes Smart’s global assets under management total to more...
Compliance May 30th, 2023 Democrats Trade Budget Cuts for Debt Ceiling Extension The House is scheduled to vote on the proposal Wednesday before passing it to the Senate.
Client Service May 30th, 2023 Advisor Group Issues Alert for 2021 Vendor Data Breach Affecting Clients Personal information exfiltrated from RRD’s corporate data system included users’ names, addresses and Social Security numbers.
Deals & People May 30th, 2023 MassMutual Names New Financial Advisory, Annuity Leaders Mike Fanning, who oversaw the firm’s sale of its retirement recordkeeping division to Empower, is set to retire.
Deals & People May 30th, 2023 Advisory M&A Ameriprise Financial welcomes team of female advisers; Concurrent launches RIA; Merit Financial acquires Planned Futures; and more.
Compliance May 30th, 2023 FINRA Fines Vanguard for Overstating Money Market Projections A ‘technical’ issue led to overstated projections of yield and income for nine money market funds for about 8.5 million...
Compliance May 26th, 2023 Gensler Defends Swing Pricing Proposal at ICI Conference Managers who asked the Fed for help during the pandemic but who oppose swing pricing should “look in the mirror,”...
Compliance May 26th, 2023 Court Dismisses O’Reilly Auto Excessive Fee Lawsuit A district court judge dismissed a case brought by six former employees claiming the auto parts company allowed 401(k) participants to...
The Markets May 26th, 2023 Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say Proprietary recordkeeper fund options can be worth the fee reduction in investment plans, but they must be looked at carefully,...
Deals & People May 26th, 2023 Retirement Industry People Moves Cambridge Associates names Davidson president, head of investing; retirement consultant Mischell joins Agilis as managing director; ACA Group appoints Olson...
Data & Research May 26th, 2023 Most of Gen Z Respects Financial Professionals, Not Ready to Hire Them The majority of Generation Z, including investors and non-investors, rely on social media and family members for financial information.
Deals & People May 26th, 2023 NFP, Nationwide Name New Retirement Leaders NFP appoints Joel Shapiro as president of retirement division; Nationwide taps Cheryl Thompson for head of retirement solutions operations.
Compliance May 25th, 2023 CITs: Coming Soon to 403(b) Plans? A bill approved by the House Committee on Financial Services would permit CITs in all 403(b) plans to bring parity...