In Practice November 21st, 2022 Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity Two new programs focus on advancing diversity in the financial management space by working with historically black colleges and students.
Deals & People November 18th, 2022 Retirement Industry People Moves $5 billion multi-family office and investment firm Nordwand Capital launches in Pennsylvania; Millennium Trust names new CEO; Cetera bolsters business...
Compliance November 18th, 2022 SECURE 2.0 Enjoys Widespread and Consistent Industry Support Industry actors and interest groups continue to express enthusiastic support for SECURE 2.0 and support its passage in the coming...
Data & Research November 18th, 2022 Sharp Year-End Decrease In Bonuses Expected for Financial Sector In the financial services sector, base salaries increase 4% to 5% for the second straight year in 2022, while bonuses...
In Practice November 18th, 2022 Expert Panel: Today’s Retirement Plan Advisories Require Specialization An evolving small business market, increased regulation, and shifts in client needs all lead to more specialized retirement plan advisement,...
The Markets November 17th, 2022 Current Annuities Boom Still Likely Faint for DC-Plan Advisers Annuity sales are on a tear in 2022, drawing interest, but potentially limited implementation from defined contribution retirement plan advisers...
Compliance November 17th, 2022 DOL Hosts Public Hearing on QPAM Proposal The commentators and DOL representatives had stark disagreements on the implications of some the proposal’s provisions.
Products November 17th, 2022 Investment Product and Service Launches MarketVector announces partnership with portfolio-as-a-service provider; J.P. Morgan Wealth Management launches remote investing advice; T.Rowe Price launches floating rate ETF;...
Data & Research November 17th, 2022 Retirement Account Balances Down 21% or More in Q3, Fidelity Data Shows Data from more than 35 million participants in Fidelity accounts shows a steep hit to balances during the market downturn,...
Client Service November 16th, 2022 Subpar Technology Could Steer Clients Away from Advisers Many advisers complain about lack of automation and functionality and prefer a platform that gives them more time to focus...
Deals & People November 16th, 2022 HUB Expands Wealth Management Footprint with Purchase, On Pace for 70 Acquisitions Hub’s recent acquisition of Tulsa-based Bridgecreek puts it over 60 acquisitions this year as it continues to build its footprint...
Compliance November 16th, 2022 Proposed Settlement Would Cost Juniper Networks $3 million Juniper agreed to a proposed settlement dismissing allegations they mismanaged their sponsored retirement plan; judicial approval still required.
Data & Research November 16th, 2022 Retirement Plans Still Vital in Talent War to Retain Employees Research from Voya finds U.S. workers still value a retirement plan about as much as a flexible work arrangement. Ubiquity...
Compliance November 15th, 2022 Applications and Implementation of The New Marketing Rule Various leaders within the SEC discussed in a public seminar today some of the interpretations and applications of the new...
Compliance November 15th, 2022 DOL Rejects ForUsAll’s ‘Tactical Retreat’ in Crypto Retirement Case The DOL shot back at 401(k) provider ForUsAll’s offer to drop its suit if the court confirmed a DOL warning...
Data & Research November 15th, 2022 53% of Savers Who Rely on Workplace Plans Don’t Work with Advisers U.S. consumers have a growing appetite for professional financial advice, but more than half of people relying on their employer-sponsored...
In Practice November 14th, 2022 Recordkeeper Consolidation Leads to Drop in Proprietary Product Share, Opening Door for Asset Managers The consolidation of DC plan providers may not be as much of a threat to asset managers as some have...
Compliance November 14th, 2022 A Closer Look at the Emergency Savings Provisions in SECURE 2.0 Research shows ESAs can increase investment in retirement savings accounts, but Senate bills involved in SECURE 2.0 package contain different...
In Practice November 14th, 2022 SPARK Releases Updated Data Security Best Practices Updates were developed by SPARK Institutes data security oversight board, are consistent with the DOL best practices.
Products November 14th, 2022 Alight Expands Partner Network to Add Well-Being Solutions Worklife platform’s new partners add musculoskeletal care and tobacco cessation solutions to promote employees’ well-being.