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Finding diversification beyond market-cap-weighted indexes
The equally weighted S&P 500 index has outperformed its cap-weighted counterpart this year.
Quirks in required minimum distributions this year
Here’s one 2021 oddity: It's impossible for anyone to have a required beginning date in 2021!
Allianz Life appoints Jasmine Jirele president and CEO
The insurance company's chief growth officer succeeds Walter White, who will retire at year-end.
Warburg Pincus takes stake in Edelman Financial Engines
Hellman & Friedman, which bought a stake in Edelman in 2015 and combined it with Financial Engines in 2018, will remain majority shareholder.
Capital Group launches practice management platform for advisers
The new tool, called PracticeLab, is similar to the services advisers are getting from custodians and other business partners.
Cybersecurity guidance for 401(k) fiduciaries is lacking, GAO says
The GAO concluded that plan sponsors, record keepers and others have little to go on as far as guidelines from the Department of Labor and that it isn’t clear whether fiduciaries have the responsibility to minimize cybersecurity risks.
Out of work and looking for income: Can annuities help?
Annuities are one of the leading recommendations for near retirees who are concerned about running out of money. But they are also poorly understood by many consumers, and that puts people at risk for being sold inappropriate products in amounts that represent an outsize proportion of their savings.
CI Financial buys $4.7 billion Brightworth for third deal of 2021
Less than a week after notching its 15th deal in as many months, Toronto-based CI Financial announced the acquisition of an Atlanta-based RIA with $4.7 billion in client assets.
Edward Jones eases back into hiring financial advisers
The firm is cautiously increasing hiring at the moment, essentially new advisers, but at a lower rate than in the past. Training financial advisers takes time and is also expensive, with a high percentage of trainees typically not making the cut.
Will Fuller named president and CEO of Transamerica
Fuller, who had been executive vice president of Lincoln Group, succeeds Mark Mullin, who becomes board chairman.
Fidelity fends off suit over 401(k) access fees for fund managers
The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
Team managing $440 million joins LPL from Royal Alliance
The eight-adviser Monteverde Group is based in Pittsburgh.
Building a resilient advisory business for the post-pandemic world
Is the advisory industry capable of continuing the transformation that began during the pandemic in order to shape its next phase?
How Covid-19 changed retirement planning
When to claim Social Security is the top question for new retirees.
Beyond adoption: Wealthtech finally eyes innovation
Wealthtech has finally graduated from forcing adoption to focusing on innovative ways to bring financial advice into users' pockets.
When retirement money is tied up in a business, closing hurts
Small-business owners across industries who are nearing retirement have said they are worried about their financial security.
SPACs are the investment darling of the pandemic
Special purpose acquisition companies, or SPACs, have been all the rage for the past 12 months, but will the fever outlast the pandemic?
RIAs are warming up to remote work
Financial advisers are embracing a more virtual form of communicating with clients and colleagues to the point where most don’t expect to ever go back to sitting behind a desk in a traditional office.
Remote compliance mostly meets the challenge of working from home
But a stock market reaching record highs may be masking shortfalls, and a recent survey says firms aren't supervising conferencing platforms.
Reflecting on a year dominated by Covid-19
The challenge with reflecting on what’s happened is that it is all so intensely personal, yet it has hit every person.
