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The new normal for RPAs post-pandemic
In the wake of the pandemic, RPAs will need a fully integrated technology stack to leverage the convergence of wealth, retirement and benefits at the workplace.
Covid could leave its mark on longevity assumptions
There are various factors beyond Covid infections to consider, some of which could have a positive effect on life expectancy, and other that could take away from it, according to a recent report published by longevity-risk consulting firm Club Vita.
Moving past the pandemic
The financial services industry relied on technology and innovation to adapt and keep business running throughout the pandemic, and should continue to embrace much of what was learned.
Wells Fargo stops using Abbot Downing name for high-net-worth unit
The bank's business of managing ultra-rich clients' money will be moved under the Wells Fargo Private Bank brand.
Voya to serve as record keeper for two new PEPs
Unison Risk Advisors and TAG Advisors are launching pooled employer plans.
Booming SPAC market draws SEC scrutiny
The vehicles are touted for democratizing markets by allowing retail investors access to high-growth companies. But the SEC said they come with distinct risks.
Cambridge Investment Research working on Finra settlement over alt fund sales
Finra's department of enforcement has investigated Cambridge's due diligence of the sale of the defunct LJM Preservation and Growth Fund.
Getting equity comp? Better have a financial plan, report finds
Companies that compensate workers with stock have a big incentive to get those employees to consider the holdings in the context of their overall financial plan, according to Fidelity.
CI Financial notches 15th RIA acquisition in as many months
The Toronto mega-buyer continues to gobble up U.S. wealth managers at a record clip. Once the deal closes, CI is expected to have approximately $50 billion in U.S. assets and total assets of $212 billion.
Hybrid managing $260 million switches to LPL from First Allied
The Fox Alliance, a 15-person team that includes six advisers, is based in Austin, Texas.
Value-focused IVA Funds files to liquidate, close up shop
Faced with shrinking assets and performance challenges, the $2.5 billion boutique asset manager will shutter its two funds next month.
ESG rises to the top of Lipper Awards
Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
The power of wealth, retirement and benefits converging
When combined, the ideas and solutions expand exponentially. The power of three, or the trilogy, is a well-known concept in life, science and religion.
Jackson National top seller of annuities in 2020
The insurer also led in variable annuity sales last year, while New York Life sold the most fixed annuities.
Advisor Group firms boost legal reserves
Royal Alliance Associates Inc., SagePoint Financial Inc., and FSC Securities Corp., increased legal reserves by as much as three times the amount of the prior year.
DOL won’t enforce Trump-era ESG rules
The two rules were among the most heavily contested measures instituted by the DOL under former Secretary Eugene Scalia, with the 401(k) rule drawing nearly 9,000 public comments, most of which opposed it.
Mercer buys $740 million Epstein & White
Seller of the San Diego-based firm describes Mercer leaders as 'Batman and Batman.'
French asset management firm to buy Litman Gregory
iM Global Partner intends to enhance its U.S. distribution capabilities with the acquisition of the California wealth and asset management firm.
Cetera pegs $4.2 million to cover SEC mutual fund investigation
The agency charged two Cetera broker-dealers with breaching fiduciary duty and defrauding retail advisory clients in connection with the sales of mutual funds.
Advocates promote graduate degree, certification in fiduciary leadership
The Center for Board Certified Fiduciaries, a public benefit corporation, is seeking to affiliate with one or more universities to offer the fiduciary curriculum. The board also will certify fiduciary professionals in one of 10 areas of specialization.
