Interest Still Strong in Retirement Plan Adviser Acquisitions
An M&A trends report from Marshberry shows slowing, yet still robust, dealmaking for retirement plan advisories, as scaled and multi-service...
News
US Retirement & Benefits Partners Acquires Pension Planning Consultants
In an additional sign of further retirement, benefits and wealth consolidation, Alera Group acquired Berkshire Fairfield Insurance Agency and Scarafoni...
Product & Service Launches – 10/24/24
Morgan Stanley fund lands $2B in capital commitments; Transamerica managed advice available for contractors PEP; OneDigital launches new benefits platform;...
ERISA Advisory Council Homes In on 4 QDIA Recs
The council is considering recommendations to the DOL on default decumulation options.
Increased Share of Workers Credit Employers for Efforts to Reduce Financial Stress
A Schwab survey of 401(k) participants also found increased familiarity with SECURE 2.0 provisions compared with last year.
Plan Advisers’ Value in 4 Charts
PLANADVISER asks plan sponsors about the services they get from their adviser team.
AI Can Be Helpful for FAs—but Mostly In-House for Now
Speakers at an eMoney financial adviser summit noted that AI is most useful for wealth managers as a practice management...
Longevity, Early Retirement Pose Savings Challenge
Wayne Park, CEO of John Hancock Retirement, discusses ways the retirement industry can help workers be better prepared for retirement.
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.
IRS Announces 2025 Tax Inflation Adjustments
The adjustments affect 60 tax provisions, including health flexible spending plans; tax brackets all saw income threshold increases.
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...
Larry Fink Sounds Alarm on US Retirement System
Fink looks to other countries, such as Australia, for pension system models.
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.
RIA Hightower to Take Majority Stake in NEPC
The deal will combine NEPC’s institutional investment, research and OCIO capabilities with Hightower’s rapidly growing registered investment advisory network.
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.
Plan Sponsors Seeking ‘Higher-Touch’ Adviser Services
A Morgan Stanley survey of 200 plan sponsors found a trend toward more service needs, including 3(38) investment management.
ERISA Committee Wants More Guidance From IRS on Student Loan Matching
ERIC makes the request after guidance the IRS gave this summer.
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...
Financial Security First
The case for plan advisers to integrate SECURE 2.0 emergency savings solutions.