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Retirement Industry People Moves – 8/16/24
World Investment Advisors hires CFO; The Standard hires Daniel Kretz as retirement plans VP for Maryland and D.C.; Mercer promotes Ben Kibbe to lead West region; and more.
Product & Service Launches – 8/15/24
SEI launches direct indexing investment strategies; small business retirement plan provider Ubiquity teams with bookkeeping firm Bench Accounting; Franklin Templeton adds equity SMA Models on Orion's Platforms; and...
401(k) Forfeiture Lawsuits Seeing Their Day in Court
A new complaint is filed and others are moved ahead involving Bank of America, Intuit and Qualcomm.
Pension Funding in July Mostly Flat, With Some Dips
Equities bolstered corporate pension funds for the most part last month, offsetting a decline in discount rates.
Prime Pensions Acquires Pennsylvania-Based TPA, Adds 350 Plans
The addition comes after Prime Pensions received PE backing from Lightyear Capital earlier this year.
Advisory M&A News – 8/5/24
Bluespring Wealth Partners acquires $1.35B Rodgers & Associates Wealth Advisers; Sentinel Advisory Group, with $300M in client assets, joins Commonwealth from Northwestern Mutual; Ameriprise adds $150M UBS adviser...
Major 401(k) Litigators Are ‘Back in Action,’ With More Entering the Fray
After a lull in filings last year, 2024 is seeing an uptick, including from law firms not previously active in 401(k) litigation.
Top Advisers: Diligence About 401(k) Plan Litigation as Crucial as Ever
Plan advisers share their expertise on what types of plans are most at risk for 401(k) litigation and how they assist clients.
Financial Planning Association Names Carol Anderson Annual Award Winner
Founder and VP of Money Quotient named winner of the 2024 P. Kemp Fain, Jr., Award given to a financial industry professional.
Budget Scoring Methods Could Lead to More Complicated Roth Policies
More tricky Roth provisions could be inserted into retirement plan legislation, as long as budget incentives continue to drive policy decisions.
Video: Jim O’Shaughnessy Talks Origins of the Kohler Conference
PLANADVISER talks with this year’s individual Vision Awards winner about the retirement conference at the front of a trend of bringing industry players together.
Judge Stays DOL’s Retirement Security Rule
The preliminary injunction issued in a Texas district court comes with the fiduciary rule scheduled to take effect September 23.
PE Firm KKR to Acquire Janney
Broker/dealer Janney will bring its $150 billion in client assets but remain an independent business.
Expected Drop in Interest Rates Fuels Wealth Management M&A
An Echelon Partners report showed robust activity in mergers and acquisition in Q2.
Small Business “Bullishness” Helping to Drive 401(k) Growth
PLANSPONSOR surveying shows some leaders in the new and small plan space booked more 401(k)s in 2023 than the prior year.
Modern Wealth Surpasses $4B in Less Than 2 Years
The RIA formed by partners who broke away from Goldman Sachs is building a workplace retirement plan and wealth advisement business in tandem, says co-founder and co-CEO Mike...
Financial Adviser Turnover Steadies After Post-Pandemic Churn
A new report by ISS Market Intelligence found adviser turnover reverting to the mean and a continuing trend of advisers going independent.
Facing Delayed Retirement, Many Americans Wish They Had Started Saving Sooner
According to new reports from Voya and F&G Annuities & Life, most Americans wish they had started saving for retirement before they turned 25.
Human Interest Aims for Public Listing
The BlackRock-backed 401(k) provider says its latest $267 million financing furthers a groundwork to go public.
Mutual Fund Fees in 401(k)s Have Dropped by More Than Half This Century
ICI data show the steady drop in mutual fund fees, even as the most popular 401(k) investment vehicle faces competition from cheaper CITs.