The measure is likely to become part of a larger Senate counterpart to the comprehensive retirement savings bill known as SECURE 2.0 that was approved in the House earlier this year.
Charles Schwab Corp. has agreed to pay $187 million to settle charges from the Securities and Exchange Commission that the discount brokerage did not disclose how its robo-adviser used large cash holdings in client portfolios to generate revenue.
Investing in the Treasury-backed inflation hedge comes with a few challenges, but the 9.62% yield is seen as worth the effort.
Boenning & Scattergood is nearing an expected restructuring and may sell its wealth management business, according to the Philadelphia Inquirer.
As expectations of an economic slowdown grow, retirement planners are already feeling the impact.
This month’s #AdviserTech roundup looks at Tifin’s latest founding round, Snappy Kraken’s acquisition of Advisor Websites and Lumiant’s new solution for engaging the less-engaged spouse.
The agency is reportedly looking into whether some of the investments for mutual funds offered by Goldman's asset management unit are in breach of ESG metrics promised in the marketing materials.
A roundup of the rest of the week's fintech headlines.
SEC Chair Gary Gensler argues the U.S. equities market is littered with hidden costs and conflicts of interest.
Gerber will help oversee the Thrift Savings Plan, a defined-contribution program for 6.2 million federal workers that is now offering ESG options.
A Northern California District Court judge dismissed a class-action lawsuit alleging Charles Schwab’s Intelligent Portfolios violated its fiduciary duty by over-investing clients in cash.
Tameem Habib applied for the loan without telling his firm, J.P. Morgan Securities, that he had an outside business.
US SIF Forum hears naming restrictions and disclosures for ESG dabblers are up for debate.
While clients tend to be loyal to their advisers, enhancing the firm's client experience is a way of ensuring they stay.
Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.
The Manhattan U.S. attorney's office is reportedly investigating allegations the firm conducted sham job interviews of minority candidates to satisfy in-house diversity guidelines.
A new study finds that tax incentives for saving for retirement primarily benefit high-income households.
Recent shareholder proposals over reproductive rights have been made at Lowe's, TJX and Walmart.
Lisa Gomez is poised to become DOL assistant secretary and head of the Employee Benefits Security Administration, while Jaime Lizárraga and Mark Uyeda are set to join the Securities and Exchange Commission.
As the industry waits for the Securities and Exchange Commission’s final rules on cybersecurity, RIAs can take steps now to better safeguard themselves and their clients.
