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401(k) plan fees continued to decline in 2020
A drop in investment fees led to the reduction in total plan costs.
Orion acquires risk management fintech
The platform it's buying, HiddenLevers, allows advisers to perform portfolio- or security-level stress tests to measure sensitivity to macro-level risks.
INmail: Social Security wants its money back
When a family member dies, the Social Security office will often ask for the last check back.
Medicare questions spike as boomers work past 65
Financial advisers are being bombarded with questions about whether clients need to enroll in Medicare.
Wells Fargo, Schwab put Covid-19 vaccine plans in place
The companies are the latest that work with thousands of financial advisers to make plans for employees or work with local officials to ease the introduction of vaccines.
Northwestern Mutual team managing $250 million goes indie
Vedder Group, a four-person team in Tallahassee, Florida, is using the services of Integrated Partners, with Fidelity as its custodian.
Strategies for maximizing clients’ charitable impact in 2021
Take advantage of an environment that's favorable for charitable giving to engage in tax-smart, high-impact philanthropy.
Best Places to Work firms navigate the lockdown
Some firms offered help with the cost of technology or other tools employees needed to make it easier to work from home, while others offered fitness distractions by moving weekly employee yoga classes online.
The RIA roll-up market has seen a decade of explosion
The marketplace for RIA M&A networks is currently overrun with players — from brand-new entrants from outside the U.S. to well-established RIAs. Over the past 15 years, the RIA aggregator market has taken off.
It’s time to talk about Bitcoin
Advisers don’t have to join the bulls, but they better join the discussion.
Wells Fargo team managing $400 million moves to UBS
The father-and-son team at Dawson Wealth Management Group joins the wirehouse in San Diego.
Team managing $600 million at Merrill Lynch goes to Rockefeller
A three-adviser, three-associate team is joining the firm in San Antonio.
The risk of lawsuits against retirement plan advisers and aggregators
Lawsuits increasingly draw in other plan service providers, ranging from record keepers to product solutions providers, plan advisers and others.
New York Life to pay $10.9 million for annuity replacement violations
New York state says the insurer failed to adequately inform consumers about the differences between products.
Principal, Red Cross sued over 401(k)s
Plaintiffs in the separate cases allege the sponsors allowed the plans to have excessive investment-management and record-keeping fees.
Advisers scramble to make sense of recent market volatility
As broad market indexes continue to decline, giving back most of the gains they've made so far this year, advisers say clients are growing fearful of a repeat of March 2020.
More changes at Wells Fargo Advisors, this time to management
The bank continues to cut costs and simplify its broad wealth management business. Just last month, Wells Fargo said it was selling its asset management business, with $600 billion in assets, to two private equity managers.
PE firm Merchant buys stake in Axiom Financial Strategies
The deal shows that private equity investors are starting to move down-market to invest in smaller registered investment advisers.
Wells Fargo team managing $225 million moves to Baird
Doche Financial Consulting Group is based in Scottsdale, Arizona
Insured Retirement Institute wants more worker access to plans, annuities
Annuities are an answer to one of the most vexing worries that Americans face – outliving their money in retirement, IRI leaders said. But a critic countered that the products need to come with more investor protections.
