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Betterment signs 401(k) deal with HR platform Zenefits
Zenefits will offer Betterment plans to the small and midsize businesses that use its platform.
Vanguard’s first active bond ETF has ‘disruption’ written all over it
The low-cost provider is planning a cash-alternative exchange-traded fund whose cost is about half that of popular ETFs in the category.
Oklahoma bills show auto-IRAs making headway in non-blue states
The state is the latest among many that have taken steps toward adopting such programs, which are intended to dramatically expand access to retirement savings plans at work for employees of small businesses.
iCapital leverages KKR to lure investors into private equity
The rebranded PE fund targets the country's 13 million accredited households with an offer of access to KKR's investment expertise.
The ESG space must take a hard line on greenwashing
The industry is nowhere near settled on a common vernacular. The ESG space needs more clarity and writing off greenwashing is not helping anyone.
The most dangerous 401(k) myths many plan sponsors still believe
You can't outsource all of your fiduciary responsibilities, and not all retirement plan advisers are created equal.
Assets in health savings accounts grew 25% in 2020
HSAs now hold more than $82 billion in assets, Devenir survey finds.
MoneyLion acquires financial planning fintech
MoneyLion is buying out the financial planning software startup just a few weeks after its SPAC deal and values the firm at $2.9 billion
Women run 401(k)s better than men: Morningstar
Plans administered by women more often include target-date funds, automatically enroll workers and have better plan governance, according to a new report.
SEC to emphasize climate risk in exams, step up Reg BI reviews
The agency is 'integrating climate and ESG considerations into [its] broader regulatory framework,' Acting Chair Allison Herren Lee says.
Voya adds emergency savings accounts
The out-of-plan solution can be added to workplace offerings.
Northwestern Mutual team managing $400 million goes indie
Unique Wealth in St. Petersburg, Florida, has affiliated with Dynasty Financial Partners and will use Pershing as its custodian.
Climate activist takes aim at Vanguard
The campaigner who was instrumental in pushing BlackRock to act against climate change is now taking aim at Vanguard Group.
Bob Doll to retire from Nuveen
The popular market strategist and forecaster is making an exit, a spokesperson confirmed on Tuesday. Doll, 66, who has worked in investment management for 42 years, is expected to officially depart at the end of March.
Abacus Wealth merges with social justice RIA Robasciotti & Philipson
Co-founders of the RIA Rachel Robasciotti and Maya Philipson will not work with clients at Abacus and will largely spend time managing their ETF. The firm reported $130 million in assets under management.
Target-dates with guaranteed income, the new 401(k) pitch
American Century, Prime Capital Investment Advisors, Nationwide and Lincoln Financial Group collaborated, along with others, on the QDIA.
Focus Financial acquires $675 million RIA
Atlanta-based Rollins Financial, founded in 1990, joins the partnership.
Financial security harder to achieve for Black, Latina women, report finds
New research shows that while Covid-19 has hurt retirement prospects for women in general, Black and Latina women face greater financial challenges than white women.
Gensler quizzed on climate disclosure, mandatory arbitration in confirmation hearing
The focus on the climate and finance at the hearing likely was a harbinger of the priority the SEC will place on environmental, social and governance investing under Gensler. But Reg BI was ignored.
Wealth Enhancement Group acquires $1.75 billion RIA
Boston-based North American Management has nine advisers.
