After a six-day bench trial in U.S. District Court in the Southern District of Iowa Central Division, a judge ruled in favor of Principal on all counts. Salesforce also won a case, while a new one was filed against Kimberly-Clark, and another was settled by John Hancock.
Robos are continuing to make incremental product expansions to make their digital advice platforms more competitive with incumbent banks.
Most state-level advisory firms are one- or two-person shops staffed exclusively by financial professionals.
A 12-member group at the independent broker-dealer will work on company and industrywide initiatives.
The administration reportedly is considering boosting the tax rate on the capital gains to 39.6% from the current base rate of 20%.
She is another in a line of recent SEC enforcement directors who comes to the agency with experience as a federal prosecutor.
The deal announced Thursday will add about $6 billion in assets across 71 retirement plans to Atlanta-based OneDigital Investment Advisors’ business.
The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare.
The newcomers had criticized Blucora for mishandling the broker-dealer, Avantax, calling it a potential 'gem of the wealth management industry.' The shareholders reelected the 10 current board members.
MMC Group will be based in RBC’s office in Jericho, New York.
Agency officials reportedly are looking at ways to increase transparency for the types of derivative bets that sank Archegos Capital Management.
Former adviser Lester Burroughs was also found guilty of wire fraud in a criminal case.
Here are a few telltale indicators that say you’re ready—and some tips to get your journey started.
The legislation would bump up the annual contribution limit, taking it from the current maximum of $13,500 to $16,500. Sens. Susan Collins and Mark Warner note the proposed increase is the midpoint between SIMPLE plans and traditional 401(k)s.
Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to 'cater to the far left.' Democrats say ESG, diversity data is crucial.
While it's simple to choose annuity providers based on price and payout rates, those costs and rates can change frequently, so the best options today might not be as good in several years, a new report concludes.
The independent broker-dealer, backed by Reverence Capital Partners, is suing an annuity company owned, in part, by the same private equity firm.
Evan Lereah’s father started the Red Bank, New Jersey-based business 40 years ago.
It is no wonder, but certainly disappointing, that one of the industry’s most innovative providers, Prudential Retirement, is reportedly exploring a sale. That highlights how much record keeping has become a commodity focused on scale and costs.
The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.
