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Janney adds team from Wells Fargo managing $300 million
INDEPENDENT BROKER DEALERS MAR 01, 2022
Janney adds team from Wells Fargo managing $300 million

The three advisers operate as RCC Wealth Management in Spartanburg, South Carolina.

Supreme Court refuses to hear challenge to CalSavers
RETIREMENT PLANNING FEB 28, 2022
Supreme Court refuses to hear challenge to CalSavers

California prevailed in a legal battle over its auto-IRA program.

Commonwealth creates ‘rent-an-admin’ program
PRACTICE MANAGEMENT FEB 28, 2022
Commonwealth creates ‘rent-an-admin’ program

Advisers are matched with an administrative person who acts as a part-time staff member for the duration of a six-month agreement.

Study estimates $1.96 trillion jump in 401(k) balances from loan protections
RETIREMENT PLANNING FEB 28, 2022
Study estimates $1.96 trillion jump in 401(k) balances from loan protections

EBRI research suggests automatic loan insurance program would reduce savings deficit.

Edward Jones rep managing $156 million goes indie with Raymond James
RIA NEWS FEB 28, 2022
Edward Jones rep managing $156 million goes indie with Raymond James

Terry Estes joins Freedom Street Partners, a partnership of independent advisers affiliated with Raymond James Financial Services Inc.

Retirement income in the age of war, inflation and low rates
THE INVESTMENTNEWS PODCAST FEB 28, 2022
Retirement income in the age of war, inflation and low rates

Nadia Papagiannis, senior vice president of multi-asset class solutions at Northern Trust Asset Management, talks about the income portion of portfolios for clients on the cusp of retirement. Given inflation, low interest rates and general uncertainty, advisers have their work cut out for them.

401(k) plan participants sue Ricoh over fees
RETIREMENT PLANNING FEB 25, 2022
401(k) plan participants sue Ricoh over fees

Participants allege the plan allowed Alight Solutions to charge too much for record keeping.

Cetera wins $59 million program at Kentucky credit union
INDEPENDENT BROKER DEALERS FEB 25, 2022
Cetera wins $59 million program at Kentucky credit union

Abound Credit Union was formerly affiliated with CUNA Brokerage Services.

Retirees taking lump-sum payouts are depleting them faster
RIA NEWS FEB 25, 2022
Retirees taking lump-sum payouts are depleting them faster

A MetLife study finds the money was gone after 5½ years for 34% who took a lump-sum payment.

NFP acquires $4.6 billion RIA
RETIREMENT PLANNING FEB 24, 2022
NFP acquires $4.6 billion RIA

AFS Advisors is a Suwanee, Georgia-based registered investment adviser.