The defendants did not appear to solicit competitive bids for record-keeping services and allowed funds with high revenue-sharing to compensate service providers, according to the complaint.
Employees of select large client plans can use an array of tools and speak with an adviser.
Morningstar jumps into the risk tolerance game at a time when debates around risk methodologies are heating up among competitors. About 31% of investors said they left their adviser because they didn’t understand their risk tolerance, according to Morningstar.
The bank said it will no longer offer the product to customers as part of an effort to simply its offerings.
The Massachusetts lawmaker expressed concern that digital-asset markets lack the same investor protections as the New York Stock Exchange and Nasdaq.
Two former reps say African Americans received less pay, support than others at the firm.
The investment bank was notified of the breach by a vendor that provides account maintenance for the stock plan business. The files did not contain passwords that could be used to access financial accounts, according to a company memo.
The potential action on one of the largest digital investment platforms sheds light on the increasing need for transparency among automated advice providers.
The Raleigh, North Carolina-based aggregator has grown to $60 billion under management and $600 billion under advisement, and claims "no end in sight."
Chairman Gary Gensler says agency is looking into what asset managers mean when they call funds 'sustainable.'
There are three major trends that could make the small and micro DC markets more attractive to retirement plan advisers.
While the provision helps level the playing field, prominent industry observers, like Michael Kitces, worry the benefit is too narrow. Investment Adviser Association, and other groups, are pushing for a broader tax deduction.
As the pandemic subsides and people look forward to catching up with their friends, there's a great opportunity to plan exciting events that bring big results.
Despite payout rates and branding that suggest higher levels of support, the top brokerage firms are not meeting adviser expectations, according to a recent survey of over 3,000 advisers.
The firm is buying Austin, Texas-based Trusted Capital Group, which has about 750,000 plan participants in its book of business.
The Portland, Maine-based tech firm provides governance and risk management solutions to clients in the asset and wealth management industries.
Joseph Myer has formed Veritas Capital Management in Ashburn, Virginia, and is affiliating with LPL through Gladstone Wealth.
The key for advisers is finding a balance where they maintain the maximum freedom that enables them to focus on their purpose.
Financial preparedness is only a piece of the equation; clients must understand the impact retirement will have on every part of their lives.
The Indianapolis-based firm, formerly David A. Noyes & Co., agrees to censure, a fine and restitution.
