Some Wealth Managers See Growth in Branching Out to Retirement Consulting
One of the commonly missed opportunities for growing a retirement or wealth advisory business is executive financial consulting, according to...
News
Blended TDF Uptake Remains Low, but ‘There’s Clearly Something Shifting’
Only 9% of advisers report using blended TDFs, but 93% are interested in them, according to a T. Rowe Price...
Congress, Industry Push Back on SEC’s AI, Safeguarding Rule Proposals
The proposal would require advisers to eliminate conflicts related to a wide range of computational technology.
AT&T Receives Industry Backing in 2017 Excessive Fee Case
ERIC, CIEBA, SPARK and ABC submitted an amicus brief on behalf of the firm’s retirement plan.
SEC Makes 2nd Marketing Rule Charges Against 9 Investment Advisories
According to the regulator, a sweep into marketing rule violations led to $850,000 in total penalties.
10 Questions for Advisers To Ask When Brand Building
Rebecca Hourihan, founder of 401(k) Marketing, shares how to attract clients through personal branding.
DOL Sends New Adviser Fiduciary Rule to OMB for Review
The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.
Advisory M&A
Cetera acquires tax-focused wealth manager Avantax for $1.2B; Investment Consulting Group joins Osaic; Hub International acquires assets of Dieffenbach Benefits...
Economic Slowdown, Inflation, Top List of Adviser Concerns in PGIM Study
A new survey by the asset manager also shows that more than half of respondents view U.S. Treasurys, investment-grade corporate...
Adviser Opportunities in Serving the K-12 Education Market
Jim Kiley of Security Benefit outlines the multiple opportunities available to retirement plan advisers with school district employees.
7 Questions Advisers Can Ask Plan Sponsors in Q4
Vestwell’s director of plan design consulting shares a playbook of options advisers can discuss in year-end plan meetings with longtime,...
Prudential, Warburg Pincus Partner on Reinsurance Firm
The two financial firms are launching Prismic Life Reinsurance with $10 billion in reserves.
Retirement Industry People Moves
Newfront hires Lumban as retirement plan consultant; Vestwell selects new VP; PGIM hires Adler as private alternatives CEO and president;...
House Republicans Look to Repeal DOL Rule Permitting ESG in Retirement Plans
As the House of Representatives returned this week, it wasted no time proposing new bills targeting ESG investing.
Aspen Institute Retirement Experts Look to Saver’s Match to Close Savings Gap
An Aspen Institute forum on retirement considered major sector issues, including leveraging SECURE 2.0's 50% federal matching contribution deposited directly...
Acting Secretary of Labor Su Under Pressure as DOL Prepares Fiduciary Proposal
Republicans introduced legislation targeting the controversial candidate, whose nomination has not been put to a vote.
Can ETFs Work in 401(k)s With Mutual Fund Rebranding?
F/m Investments has asked the SEC for the right to classify an ETF series as mutual funds to be accessible...
Investment Product and Service Launches – 9/7/23
Human Interest launches Fast Track 401(k); AllianzIM introduces September buffered ETFs; Madison Investments unveils latest actively managed ETF Suite; and...
DC Advisers: Managed Accounts Not Yet Default Threat to TDFs
A survey of retirement advisories did, however, show increased interest from plan sponsors for in-plan retirement income options.
Most Teens Interested in Investing, Few Have Started, Fidelity Reports
Fidelity’s 2023 Teens and Money Study drops alongside the launch of a new money management and investing app for teens, Fidelity...