Data & Research May 18th, 2023 Schwab Sees Record Attendance in Participant 401(k) Sessions Participants are favoring virtual sessions, and 18% boost their 401(k) contribution rate after 1:1 engagements.
Deals & People May 18th, 2023 Cetera Taps Former Fidelity Exec Durbin as Parent Firm CEO Mike Durbin given new CEO role with goal of ‘introducing adjacent capabilities and channels’ to Cetera’s adviser network.
Compliance May 17th, 2023 Inflation Drives IRS to Raise HSA Contribution Limits For 2024, the HSA contribution will be $4,150 for an individual and $8,300 for a family, up from $3,850 for...
Compliance May 17th, 2023 Common Pitfalls in Reg BE, BI, According to FINRA, SEC Riskier and complicated assets require more due diligence, and regulatory officials laid out some practices for advisers to avoid.
Data & Research May 17th, 2023 24% of Participants May Cut 401(k) Contributions Nationwide Retirement Institute recommends that advisers and recordkeepers work to help participants maintain their financial futures.
Data & Research May 17th, 2023 Advisers, Participants Skeptical of ESG Investments, but Asset Managers Are Not Greenwashing by investment funds has contributed to negative rhetoric about ESG, but the practice remains a top initiative for U.S....
Deals & People May 17th, 2023 Smart Raises $95M in PE Funding, Eyes Further Acquisitions Aquiline Capital leads a funding round for the U.K.-based retirement technology firm with operations in the U.S., Europe, Middle East...
Data & Research May 17th, 2023 Broadridge Finds Increased ‘Democratization’ in Discretionary Investing The financial firm mined millions of retail investors to learn about investing trends from the last five years.
Compliance May 17th, 2023 NAGDCA: Roth Catch-Ups Will Be Major Issue for Government Plans This is the second time in three months the advocacy group has warned federal regulators and appealed for assistance.
Compliance May 16th, 2023 SEC Head Gensler Says Reg BI Not ‘Check the Box’ Exercise The SEC chairman made remarks about Reg BI, Reg BE and about AI’s role in the markets at FINRA’s annual...
Compliance May 16th, 2023 ASA: DOL Drops Appeal to 401(k) Rollover Advice Ruling According to the trade association, the regulator will not appeal a ruling that keeps 401(k) rollover advice outside of fiduciary...
In Practice May 16th, 2023 Advisers Managing Heightened Retirement Plan Committee Turnover With job turnover rates remaining high, advisers discuss how to manage retirement plan committee churn.
Compliance May 15th, 2023 DOL to Extend UBS, Credit Suisse 401(k) Asset Management Exemption The DOL proposes extending for one year beyond their merger the exemptions being used by UBS and Credit Suisse to...
Deals & People May 15th, 2023 Advisory M&A CAPTRUST Financial Advisors acquires Aevitas Wealth Management; Heffernan Financial Services expands with Ascendant Financial Solutions; Commonwealth Financial Network adds Pinnacle...
The Markets May 12th, 2023 Financial Advisers Rank American Funds, Vanguard as Top Asset Managers Advisers are most swayed by trust, performance and ease of business when evaluating a manager, according to ISS Market Intelligence.
Deals & People May 12th, 2023 Retirement Industry People Moves TIAA snags Kivett from Prudential for new 401(k) role; Voya expands workplace solutions team with Ritter, Bandani; new RIA Modern...
Compliance May 12th, 2023 FINRA Expels Brokerage SW Financial for Misrepresenting Fees The brokerage and investment bank was expelled for misrepresenting its fee structure, churning accounts and failing to properly supervise and...
Compliance May 12th, 2023 House Republicans Propose Exempting Social Security Benefits From Income Tax Social Security reform bills keep coming this Congress, and this one would remove Social Security payments from the calculation of...
Compliance May 12th, 2023 Asst. Labor Secretary Gomez Says DOL Studying SECURE 2.0 Implementations The EBSA head also discussed the need to educate market participants on the DOL's ESG rule and changes to COVID-19...
Perspectives May 11th, 2023 What Are Your Top Focus Areas in 2023? Advisers share their priorities for the rest of the year.