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SEC establishes task force on ESG issues
ESG MAR 04, 2021
SEC establishes task force on ESG issues

The move is the latest effort by the agency to emphasize oversight of sustainability disclosure and investing. The commission's Republican members raise questions about the flurry of climate activity.

By Mark Schoeff Jr.
Wells Fargo team managing $225 million moves to Baird
BROKER DEALERS MAR 04, 2021
Wells Fargo team managing $225 million moves to Baird

Doche Financial Consulting Group is based in Scottsdale, Arizona

By InvestmentNews
Insured Retirement Institute wants more worker access to plans, annuities
RETIREMENT PLANNING MAR 04, 2021
Insured Retirement Institute wants more worker access to plans, annuities

Annuities are an answer to one of the most vexing worries that Americans face – outliving their money in retirement, IRI leaders said. But a critic countered that the products need to come with more investor protections.

By Mark Schoeff Jr.
Betterment signs 401(k) deal with HR platform Zenefits
RETIREMENT PLANNING MAR 04, 2021
Betterment signs 401(k) deal with HR platform Zenefits

Zenefits will offer Betterment plans to the small and midsize businesses that use its platform.

By InvestmentNews
Vanguard's first active bond ETF has 'disruption' written all over it
ETFS MAR 04, 2021
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.

By Jeff Benjamin
Oklahoma bills show auto-IRAs making headway in non-blue states
RETIREMENT PLANNING MAR 04, 2021
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.

By Emile Hallez
iCapital leverages KKR to lure investors into private equity
ALTERNATIVES MAR 04, 2021
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.

By Jeff Benjamin
The ESG space must take a hard line on greenwashing
EQUITIES MAR 03, 2021
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.

By Jeff Benjamin
The most dangerous 401(k) myths many plan sponsors still believe
RETIREMENT PLANNING MAR 03, 2021
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.

By Fred Barstein
Assets in health savings accounts grew 25% in 2020
RETIREMENT PLANNING MAR 03, 2021
Assets in health savings accounts grew 25% in 2020

HSAs now hold more than $82 billion in assets, Devenir survey finds.

By InvestmentNews
MoneyLion acquires financial planning fintech
FINTECH MAR 03, 2021
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

By Nicole Casperson
Women run 401(k)s better than men: Morningstar
RETIREMENT PLANNING MAR 03, 2021
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.

By Emile Hallez
SEC to emphasize climate risk in exams, step up Reg BI reviews
PRACTICE MANAGEMENT MAR 03, 2021
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.

By Mark Schoeff Jr.
Voya adds emergency savings accounts
RETIREMENT PLANNING MAR 03, 2021
Voya adds emergency savings accounts

The out-of-plan solution can be added to workplace offerings.

By InvestmentNews
Internet scams are top threat to investors, NASAA says
REGULATION AND LEGISLATION MAR 03, 2021
Internet scams are top threat to investors, NASAA says

Precious metals, cryptocurrencies and promissory notes are fraudster favorites in 2021, a survey of enforcement officials finds.

By InvestmentNews
Northwestern Mutual team managing $400 million goes indie
RIAS MAR 03, 2021
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.

By InvestmentNews
6 ways to show clients you care
OPINION MAR 03, 2021
6 ways to show clients you care

How about making emails more interesting with videos? Or providing clients' children with financial literacy training via a virtual investing group?

By Matt Matrisian
Climate activist takes aim at Vanguard
ESG MAR 03, 2021
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.

By Bloomberg
Bob Doll to retire from Nuveen
EQUITIES MAR 03, 2021
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.

By Jeff Benjamin
Target-dates with guaranteed income, the new 401(k) pitch
RETIREMENT PLANNING MAR 03, 2021
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.

By Emile Hallez