Larry Fink Touts Importance of Private Assets in Annual Letter
One way to fix the “retirement gap” is to increase access to alternative investments in 401(k) plans, according to BlackRock's...
News
Lawsuits Call Attention to ESOP Cash Holdings
Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent...
SPARK Institute Announces Financial Literacy Initiatives
In a recent study, “Financial and Retirement Literacy Among Students and Recent Hires,” conducted with Corporate Insight Inc., SPARK found...
CFP Board Survey Examines Implications of TCJA Expiration
Nearly 9 in 10 CFP professionals say their clients’ financial objectives are at-risk due to the pending expiration of the...
LPL Financial Acquiring Commonwealth Financial Network
It is expected that Commonwealth’s approximately 2,900 advisers and their $285 billion in assets will migrate to the LPL platform...
PGIM Research Examines Deglobalization’s Portfolio Implications
Approximately 25% of global GDP, including a significant number of strategic and high-tech sectors, is deglobalizing, according to the report.
Changes to Federal Student Loan Repayment Forgiveness Increasing Financial Stress
After payments resumed, the volume of past due federal loans quickly returned to pre-pandemic levels and reached a new high...
Retirement Industry People Moves – 3/28/25
IRI elects a new board chair; Janus Henderson hires a head of North America Institutional; MissionSquare Retirement hires a new...
Less Than Half of Americans Satisfied With Their Financial Advice
A TIAA Institute and MIT AgeLab survey finds consumers working with advisers are more satisfied with financial advice, underscoring the...
Workers Concerned About Retirement Savings, Want Support
Nearly half (49%) of Americans “strongly agree” or “agree” their retirement plan savings are the only significant emergency savings they...
Product and Service Launches – 3/28/25
World Investment Advisors launches investment management platform WorldMAP; eMoney Advisor enhances needs analysis feature; Financial Finesse and SecureSave announce partnership;...
Social Security Administration Extends Identity Proofing Requirements
The SSA also made an exception to the in-person requirement for for those applying for certain services, although the exception...
401GO Expands 3(38) Services Through Mesirow Partnership
Mesirow’s 3(38) fiduciary services will be integrated within the 401GO retirement platform and available to the approximately 1,400 financial adviser...
Academics Receive Awards for Research Advancing Financial Planning
The Financial Planning Association and the “Journal of Financial Planning” announced the academic researchers who earned the 2024 Best Research...
Stress and Burnout Causing Lost Workplace Productivity
Workplaces prioritizing mental health see 13% higher productivity, employees are 2.3 times less likely to report feeling stressed, and there...
Traditional IRAs the Destination for Rollover Dollars, Roth IRAs Capture Conversions and Contributions
Thirty-one percent of households owned IRAs in 2022, according to a report from the Congressional Research Service. Among IRA-owning households,...
JPMorgan Introduces 2025 College Planning Essentials Guide
The asset management firm found that financial aid has not kept pace with the rising cost of college tuition, with...
Tech Issues at Forefront of Wealth Managers’ Focus, Says Wipfli Report
The report notes that advances in technology also come with hurdles such as high costs, integration with existing systems, and...
Wells Fargo Health Plan Lawsuit Dismissed
The judge argued that the allegations were too speculative to show concrete individual harm and too conjectural to show redressability.
Caregiving Responsibilities Challenge Women’s Financial Health
Data from the Nationwide Advisor Authority study also highlights a significant gap between advisers’ confidence in their ability to serve...