The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
The eight-adviser Monteverde Group is based in Pittsburgh.
Is the advisory industry capable of continuing the transformation that began during the pandemic in order to shape its next phase?
When to claim Social Security is the top question for new retirees.
Small-business owners across industries who are nearing retirement have said they are worried about their financial security.
Wealthtech has finally graduated from forcing adoption to focusing on innovative ways to bring financial advice into users' pockets.
Special purpose acquisition companies, or SPACs, have been all the rage for the past 12 months, but will the fever outlast the pandemic?
But a stock market reaching record highs may be masking shortfalls, and a recent survey says firms aren't supervising conferencing platforms.
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.
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.
The agency must be nimble in keeping up with an increasingly popular and rapidly evolving issue.
Patrick Duke and Paul Haarman of APEG Investors allegedly kept $2.6 million of what they raised from investors.
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.
The bank's business of managing ultra-rich clients' money will be moved under the Wells Fargo Private Bank brand.
Unison Risk Advisors and TAG Advisors are launching pooled employer plans.
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.
Finra's department of enforcement has investigated Cambridge's due diligence of the sale of the defunct LJM Preservation and Growth Fund.
JPMorgan is another large player slowly giving investors access to Bitcoin trading given there is no cryptocurrency backed ETF in the U.S.
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.
The Fox Alliance, a 15-person team that includes six advisers, is based in Austin, Texas.
