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Implicitly Wrong: Hidden Fees in Retirement Income Solutions
Scott Colangelo of Prime Capital Financial argues that a lack of transparency will hold back the promise of in-DC-plan retirement income investments.
Advisory M&A News – 11/4/24
Kestra Financical adds Wealth Empowerment Financial Strategies; Hightower completes strategic investment in Financial Planning and Information Services; and adviser team with $250 million joins Ameriprise Financial from LPL.
FINRA Panel: Corporate Inclusion Needs a New Approach
Companies often miss the mark on diversity and inclusion when they treat it as a ‘checklist’ item, according to panelists at a diversity leadership summit.
Retirement Industry People Moves – 10/31/24
Schroders expands US pensions team with Schechter as senior client director; Wagner Law Group adds Schloss; The Standard hires Mulquin as regional vice president; and more.
Finding the Best Fit Between PEPs and State-Run Plans
Experts discuss which small plan solution is most appropriate for different types of businesses.
What Is Driving Plan Startups?
Providers credit state mandates and tax incentives, but others point to adviser interest in small plans and more uptake for hourly workers.
Stout Joins Prime Capital as National Retirement Practice Leader
Prominent plan adviser Jania Stout has left OneDigital to head Prime Capital’s retirement plan practice and financial wellness divisions.
Commonwealth Finds Barriers Hinder Student Investors
Despite strong interest in building wealth, undergraduates encounter obstacles to investing.
Most Hybrid RIAs Favor Retirement Fiduciary Standard
DPL Financial Partners, which works in commission-free annuities, released a survey of RIAs and broker/dealers regarding the DOL’s stalled fiduciary rule.
Many Financial Advisers Prioritize ‘Ease of Business’ From Asset Managers
Financial advisers are working with fewer asset managers, with ease of use and multi-channel digital capabilities among the differentiators, according to J.D. Power surveying.
Retirement Industry People Moves – 10/25/24
OneAmerica announces new president of employee benefits; Nationwide names a new head of its annuity business; Pentegra adds a new member to its executive team; and more.
ERISA Advisory Council Homes In on 4 QDIA Recs
The council is considering recommendations to the DOL on default decumulation options.
Alera Bolsters West Coast Team with Plan Adviser Sorensen
Joshua Sorensen, formerly of Edelman Financial Engines, joins Alera Group as it continues to grow its retirement plan practice.
Steinmeier Named LPL’s CEO, Replacing Ousted Arnold
LPL analyst predictions hold true, as Interim CEO Steinmeier earns the top job less than one month after the firm’s CEO was fired for misconduct.
Advisory M&A News – 10/21/24
Carson completes deal with Sweet Financial; Beacon Pointe Advisors adds Landmark Wealth Management; and Journey Strategic Wealth announces 2 acquisitions.
SEC’s 2025 Exam Priorities Include Fiduciary Conduct, AI Use
The regulator also listed compliance procedures and Regulation Best Interest in its list of priorities published Monday.
DOL Publishes 1st List of Firms Using Qualified Plan Exemptions
The list includes nearly 900 companies as part of the DOL’s finalized amendment to PTE 84-14.
Retirement Industry People Moves – 10/18/24
T. Rowe hires for new role as head of insurance; Janney promotes Galvin to Midwest regional director; Simpson Thacher hires new executive compensation and employee benefits partner; and...
Financial Security First
The case for plan advisers to integrate SECURE 2.0 emergency savings solutions.
UC Schools Report Fraudulent Activity in Fidelity Retirement Accounts
The issue affected Fidelity retirement plan accounts at UC Davis and other schools in the University of California system.