ForUsAll Will Drop DOL Crypto Suit if Court Confirms Prior Guidance is Non-Binding
ForUsAll CEO David Ramirez says the firm offered to drop its lawsuit against the DOL so long as the agency...
News
401(k) Trading Sees Another Light Month in October
Investors favored moving assets into fixed income funds during 18 out of 21 trading days.
SEC Proposes Controversial Rule on Swing Pricing and Liquidity
The SEC proposed a new rule Wednesday that would require all open-ended funds, except money market funds and exchange-traded funds,...
Financial Advisers Focused on Client Outreach
A new survey finds that a majority of advisers expect marketing efforts to play a big role in growing their...
Retirement Industry People Moves
Newfront adds senior vice president to retirement team; Mercer Advisors acquires Texas-based Mark D. Cunningham; Pure Financial Advisors adds new...
Women in Senior Roles Reach Retirement with 62% of Wealth of Male Peers
The wealth accumulation gap between women and men is largest in leadership roles, in part because the pay trajectories for...
Experts: Big Investors, Fiduciaries in “Purgatory” Awaiting DOL ESG Rule
Lack of clarity from the DOL about ESG governance for retirement plans added to a drop in ESG incorporation by...
PBGC Provides $32.7 Million to Struggling Bricklayers Pension
The Akron, Ohio-based multiemployer plan had been providing benefits to nearly 400 participants at below half the level it was...
Investment Product and Service Launches
Bloomberg launches global aggregate green, social, sustainability bond indices; AllianzIM expands lineup of U.S. large cap buffered ETFs; Morningstar Direct...
OneDigital, CAPTRUST, Continue Wealth Management Acquisition Binge
OneDigital’s buying spree adds up to $10 billion in additional assets under advisement this year, while CAPTRUST adds fourth deal...
Private Real Estate Funds Are Up 7.4%. Can More DC Participants Get a Foot in the Door?
Private real estate investments typically only available for institutional and wealthy investors can be a stable hedge against inflation and...
FINRA Prompts Succession Planning for Aging Adviser Industry
Financial Regulator FINRA issues guidance on succession planning for the graying adviser space, including small firms looking to sell.
SEC’s Proposed Outsourcing Rule Could Be Hardest on Small Advisers
The new rules, if approved, would likely require more catch-up by smaller firms to vet third-party providers, says a legal...
Direct Indexing Drumbeat Continues with Morningstar Adviser Offering
Morningstar is the latest entrant to tout a direct indexing option for financial advisers, allowing them to invest directly in...
Allianz Life Launches Income Annuity for Use in DC Plans
Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan.
Adviser CEO Faces Up to 45 Years for Fraud, Keeping Employee 401(k) Contributions
Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the...
The Case for the 60/40 Portfolio’s Survival – In Two Charts
60/40 investing for long-term savers is coming under fire with the recent market downturn and rise in alternative options. Researchers...
SECURE 2.0 Likely to Pass this Year
Three separate bills, dubbed SECURE 2.0 when taken together, are likely to be passed into law by this December, according...
Retirement Consultant Gallagher Buys f3’s ‘Turnkey’ Wealth Management Platform
Gallagher says the deal adds a financial asset management platform to meet plan sponsor demand for holistic retirement plan participant...
SEC Marketing Rule to be Enforced Next Week
Compliance for a new rule aimed at preventing investment advisers from misleading clients goes into effect November 4, next Friday.