Jumbo Imprudence Alleged in H.E. Butt ERISA Challenge
Plaintiffs says defendants failed to properly monitor and control the plan’s expenses, and allowed the plan to become one of the most expensive “jumbo” 401(k) plans in the...
News
Investment Product and Service Launches
HighTower advisers have access to Riskalyze solutions; John Hancock announces second round of reduced fees; and Voya Financial releases new...
Court Moves Forward Most Claims in MIT Excessive Fee Suit
However, a U.S. District Judge affirmed a motion to dismiss a claim alleging a prohibited transaction between MIT and Fidelity Investments.
SEC Complaint Dissects Fee-Based Firm’s Revenue Sharing Strategy
The Securities and Exchange Commission takes issue with revenue sharing tied to a preferred broker’s “transaction fee” program, underscoring how fee-based advisers are not immune from allegations of...
J.P. Morgan Enables Advisers to Generate Custom 401(k) Pricing Proposals
The firm has launched Price Smart, a digital solution that is now part of Retirement Link.
Guiding Anxious Participants Through Rocky Markets
For advisers helping participants understand risk and volatility, offering a little reassurance can be more effective than teaching complex lessons...
2020 Adviser of the Year Nominations Open
PLANADVISER Magazine needs your help in identifying the best retirement plan advisers in the country. The deadline for nominations is October...
Global Trade Tensions Define Investment Outlook for Many
Experts suggest the uncertain U.S.-China trade situation has weighed heavily on business investment, resulting in weaker manufacturing activity worldwide.
Considering International Investments in Times of Market Volatility
Investment experts remind retirement investors that international investments can help to diversify a portfolio
Groups Side With Intel in ‘Actual Knowledge’ Case
In a brief of amici curiae filed with the U.S. Supreme Court, they argue that an appellate court decision undermines the value of retirement plan disclosures and should...
The Way to Help Individuals Plan for Retirement Health Costs
Start by presenting health care expenses rationally, as a combination of predictable monthly expenses (insurance premiums) that can be budgeted for, and less predictable expenses (out-of-pocket) that can...
Broadridge Acquires Financial Database Services
The acquisition expands Broadridge’s adviser compensation management capabilities.
Advisers Giving Back: Teaching Financial Literacy
Barbara Delaney, a principal at StoneStreet Renaissance LLC, teaches high school girls how to handle money.
Mixed TDF Investors Need to Be Prodded to Other Strategies
Participants who mix target-date funds (TDFs) with other investments appear to be more sophisticated, but "it can diminish (or eliminate) the target-date fund’s potential benefit,” says David Blanchett,...
Retirement Industry People Moves
Capital One acquires wealth management software company; Millennium Trust names first chief growth officer; Principal Global Investors hires CEO for...
SEC Charges Cetera with Defrauding Advisory Clients
The Commission says the broker/dealer charged clients 12b-1 fees when they qualified for lower-cost shares.
State-Run Auto-IRAs Will Help Close the Coverage Gap
Sources view state-run retirement savings plans as useful for improving retirement readiness, as well as a potential business opportunity for...
Investment Product and Service Launches
RIA education organization rebrands; USCF adds nultiple ETPs to TD Ameritrade platform; Transamerica alters subadvisers, fees for Large Growth Fund;...
BrightPlan Releases Personal Advice Platform
The tool also calculates its own financial wellness score for participants and employers.
Illustrative Stories Can Help With Understanding Retirement Income Choices
Whether by video or written text, researchers found a short story significantly improved test scores about annuities and Social Security claiming.