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Why financial wellness is a dismal failure and a huge success
RETIREMENT PLANNING SEP 15, 2021
Why financial wellness is a dismal failure and a huge success

The DC industry must be realistic and admit that financial wellness is largely a failure, an acknowledgment that's a key step on the road to success. Because we cannot afford to fail.

By Fred Barstein
House tax proposal would close door on popular back-door Roth IRA conversions
RETIREMENT PLANNING SEP 15, 2021
House tax proposal would close door on popular back-door Roth IRA conversions

The Ways and Means Committee approved $2.3 trillion in tax hikes to pay for the Biden administration's sweeping social and climate spending plan.

By Mark Schoeff Jr.
SALT conference panel demystifies crypto custody concerns
ALTERNATIVES SEP 15, 2021
SALT conference panel demystifies crypto custody concerns

Crypto custodians must provide the same types of institutional infrastructure available to any other asset classes.

By Nicole Casperson
What's LPL's recruiting deal for employee advisers?
INDEPENDENT BROKER DEALERS SEP 15, 2021
What's LPL's recruiting deal for employee advisers?

LPL's new deal to attract employee advisers has two parts: an upfront signing bonus and a second bonus that's paid over several years.

By Bruce Kelly
Sawtooth Solutions acquired by Simplicity Group
FINTECH SEP 15, 2021
Sawtooth Solutions acquired by Simplicity Group

The acquisition was announced more than a year after Sawtooth brought on Echelon Partners as its investment banker to land more capital.

By Nicole Casperson
DOL proposal throws cold water on group-of-plans model
RETIREMENT PLANNING SEP 15, 2021
DOL proposal throws cold water on group-of-plans model

A proposed regulatory change wouldn't allow a single group of plans to have a consolidated audit, meaning that every participating employer of a certain size would have to have an annual audit.

By Emile Hallez
How crypto is attracting millennial millionaires to financial advice
ALTERNATIVES SEP 14, 2021
How crypto is attracting millennial millionaires to financial advice

SALT conference panelists say millennials' heightened interest in crypto investing comes amid the largest generational transfer of wealth.

By Nicole Casperson
Warren asks the Fed to break up Wells Fargo
WIREHOUSES SEP 14, 2021
Warren asks the Fed to break up Wells Fargo

In the wake of fresh regulatory action and a $250 million fine imposed on the bank this month, the senator asked the Fed to force the bank to separate its traditional bank and Wall Street businesses.

By Bloomberg
Gensler defends ESG disclosures against Republican backlash
ALTERNATIVES SEP 14, 2021
Gensler defends ESG disclosures against Republican backlash

GOP senators assert that the SEC's effort to expand ESG reporting pushes a social policy agenda, while the SEC chair says agency is reacting to investors' demands for more information.

By Mark Schoeff Jr.
Medicare open enrollment begins Oct. 15
RETIREMENT PLANNING SEP 14, 2021
Medicare open enrollment begins Oct. 15

Clients don't have to make any changes, but they may be able to save money by re-shopping their prescription drug coverage.

By Mary Beth Franklin
SEC continues to smack firms over conflicts around fund fees
PRACTICE MANAGEMENT SEP 14, 2021
SEC continues to smack firms over conflicts around fund fees

Rothschild and MML Investors Services are latest to be penalized for inadequate communications to clients concerning fund fees.

By Bruce Kelly
Morgan Stanley, Empower to expand joint plan solutions
RETIREMENT PLANNING SEP 14, 2021
Morgan Stanley, Empower to expand joint plan solutions

The agreement will help Morgan Stanley at Work deliver services to small-business retirement plans.

By InvestmentNews
Captrust leads group launching small-plan service
RETIREMENT PLANNING SEP 14, 2021
Captrust leads group launching small-plan service

T. Rowe Price and National Benefit Services join Captrust in providing the program, which offers an alternative to multiple employer plans and pooled employer plans.

By InvestmentNews
Why multiyear earnouts can cause problems
OPINION SEP 14, 2021
Why multiyear earnouts can cause problems

Such arrangements are often structured in ways that misalign the interests of the buyers and sellers, and they can be highly divisive.

By Scott Hanson
Schwab hit with class-action complaint over cash sweeps
FINTECH SEP 13, 2021
Schwab hit with class-action complaint over cash sweeps

The complaint alleges Charles Schwab violated its fiduciary duty by placing its own interest before the protection of its customers.

By Nicole Casperson
Advisers express relief at tax increases proposed in budget bill
REGULATION AND LEGISLATION SEP 13, 2021
Advisers express relief at tax increases proposed in budget bill

The House Ways and Means proposal does not include taxing unrealized capital gains on inherited assets and the hike it suggests in the capital gains tax rate is not nearly as big as some feared.

By Mark Schoeff Jr.
Lawsuit over 401(k) fees, active target-date series fails
RETIREMENT PLANNING SEP 13, 2021
Lawsuit over 401(k) fees, active target-date series fails

Comparing actively managed funds on the plan menu to index funds that were available was not an ideal comparison, according to the court.

By Emile Hallez
Annuities are now a big business for PE firms
RETIREMENT PLANNING SEP 13, 2021
Annuities are now a big business for PE firms

Private equity firms' insurance companies accounted for more than 40% of all indexed annuity sales industrywide during the second quarter.

By Emile Hallez
iCapital offers digital currency investing via Grayscale
ALTERNATIVES SEP 13, 2021
iCapital offers digital currency investing via Grayscale

iCapital’s advisers can access digital currency investments for their clients through a Grayscale diversified market-cap weighted investment.

By Nicole Casperson
Target-date funds hold 27% of 401(k) assets, study finds
RETIREMENT PLANNING SEP 13, 2021
Target-date funds hold 27% of 401(k) assets, study finds

The funds are most popular with younger plan participants; 62% of those in their 20s hold the funds, compared with 50% of those in their 60s.

By InvestmentNews