Utah Man Defrauded IRA Investors Out of $22M, SEC Says
Curtis L. DeYoung squandered more than $22 million of investor funds on high-risk investments, the Securities and Exchange Commission (SEC) said in a statement.
Tag: Investing
Boost Readiness with Plan Design
Philosopher and poet George Santayana said, “Those who do not remember history are condemned to repeat it” – a statement especially helpful for retirement plan advisers who look...
Vanguard Touts Five Ways to Boost Returns
Following best practices can secure an extra 3% in net returns for the clients of advisers, according to Vanguard Advisor.
How Plan Sponsors Use Advisers
Results from PLANSPONSOR’s 2013 DC Survey show retirement plan sponsors turn to advisers more for help with investments than for individual participant guidance.
Customization Seen as Top TDF Trend
Customization is of growing interest to those adding target-date funds (TDFs) to retirement plan investment lineups.
Participants Do Asset Management, Solo Style
Retirement plan participants said that they control two-thirds of their assets by themselves without the assistance of an adviser.
No Need to Flee Fixed Income as Interest Rates Rise
There has been much discussion about moving away from fixed income investments as a response to rising interest rates, but this may not be necessary, a study suggests.
Fixing—Not Nixing—the 401(k)
Since its introduction nearly 30 years ago, the 401(k) has evolved from a perk for high-paid executives to an essential benefit to finance the retirement of the middle...
BNY Mellon Adds New Risk-Related Service
BNY Mellon has added the Liquidity Aggregator to its risk and collateral management-related services.
The Affluent Have More Aggressive Goals
Retirement investing is at the top of the financial to-do list for affluent Americans, according to Bank of America’s latest Merrill Edge Report.
Aon Hewitt Launches Institutional Investment Exchange
Aon Hewitt has launched DC Nexus, a web-based solution for defined contribution (DC) recordkeeping clients and their advisers.
PSA Names Senior Investment Consultant
Gina Gurgiolo has joined the consulting team of Plan Sponsor Advisors (PSA) as a senior investment consultant.
Less Money Invites Extreme Allocating
Young workers with small balances and owners of Roth individual retirement accounts (IRAs) are likelier than other IRA owners to make “extreme” allocations to either stocks or money,...
Guide Helps Evaluate TDF Glide Paths
A new paper gives sponsors of defined contribution (DC) plans some guidance on evaluating glide paths for target-date funds (TDFs).
Many Investors Have Fear of Financial Planning
They have yet to get around to it. Some say they just do not need to. A substantial number of investors have not developed a financial plan, Nationwide...
Great-West Rolls Out Plans for Smaller Nonprofits
Advisers eyeing small and midmarket nonprofits have a new option with Great-West Financial’s Premier and Custom Key 403(b) offerings.
More and More Contributing Less and Less
Fewer investors are contributing anywhere near the maximum to retirement accounts, which means an opportunity for advisers to educate plan participants about investing during a tough economy.
AUL Launches Asset-Allocation Program
American United Life Insurance Company (AUL), a OneAmerica company, has launched an asset-allocation program for participants called OnePath Portfolios.