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Time to assess how Covid has affected retirement
As the country begins to reopen for business, advisers may want to take stock of a year that altered the retirement plans of millions of Americans.
Chubb explores acquiring $22 billion rival Hartford
Hartford has long been considered a potential takeover candidate for the biggest insurers in the U.S., and Chubb could reap considerable cost savings from a deal.
3 in 4 Americans say pension plans should be available to all
Defined-contribution plans like 401(k)s have all but replaced pension plans, although many plan providers and insurance companies are aiming to make the former more like the latter. The latest step has been to include guaranteed income options in 401(k)s, a development that will soon be tested in the market.
Broker-dealer M&A shows signs of life in 2021
The acquisition market for broker-dealers looks like it is perking up as broker-dealer networks owned by private equity managers continue to hunt for assets. Year-to-date there have been four broker-dealer transactions totaling $65 billion in assets.
Investor appetite for ETFs on the rise: Schwab
ETFs expected to make up a growing share of investor portfolios in the year ahead, according to Charles Schwab & Co.’s ETF Investor Study.
Merrill Lynch team managing $1.3 billion joins Rockefeller
The four-adviser, eight-person Hambleton Fieler Group is based in Cincinnati, Ohio, and will be Rockefeller's first private wealth team in Ohio.
Indie RIA managing $163 million joins Carson Partners
Main Street Financial Life Advisors, founded in 1999 by J. Joseph Roman, is based in Moorestown, New Jersey.
Buckingham’s Hartman on pros and cons of remote work
The president of the $16 billion RIA told attendees at the InvestmentNews Women Adviser Summit that that it's too early to guess when things will get back to normal.
CITs approaching half of target-date assets
Assets in those investments surpassed $1 trillion last year, reaching about $1.18 trillion, compared with $1.57 trillion in target-date mutual funds.
Just 26% of near-retirees have saved enough
Schroders survey shows that more Americans worry about the Netflix lineup than finances or investments.
Get ready for a breakaway stampede in 2021
The events of the past year have set in motion several factors that have contributed to a surge of pent-up interest in breaking away.
Roaring Kitty and phishing attacks expose cyber headaches for IBDs
Firm leaders understand the cybersecurity threat is real. But have broker-dealers taken appropriate precautions to protect advisers and their clients?
Finra fines jump 43% in 2020 to $57 million
The number of of the regulator's disciplinary actions held steady, according to an Eversheds Sutherland analysis.
Team managing $750 million at Merrill Lynch moves to UBS
The four-person, two-adviser unit will partner with an existing group at UBS Private Wealth Management in Kenwood, Ohio.
IRS delays tax deadline to mid-May
The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
Online brokerage eToro to go public via SPAC
With pressures on Robinhood, eToro’s large user base and scale places the U.K.-based challenger front and center to disrupt the U.S. market.
Colorado seeking investment, plan consultants for auto-IRA
The program would apply to businesses with as few as five employees, requiring companies to participate and automatically enroll workers, unless they already provide retirement plans.
ESG investing is just investing
With the Biden administration ramping up the focus on climate change, ESG investing is expected to see another wave of growth.
Credit Suisse weighs splitting asset management, wealth units
The possibility comes as CEO Thomas Gottstein grapples with the aftermath of the Greensill scandal across the bank's businesses.
One in six people now aim to retire before 55
Of the roughly 70 million U.S. households with primary breadwinners younger than 55, 11.5 million are planning to retire by that age, according to a report from Hearts & Wallets.
