It’s unclear how much business PEPs have attracted in the first seven months they’ve been in existence, but some plan providers are banking on more demand on the 403(b) side, which could become eligible for the plan structure if Congress passes legislation.
Many of these newer entrants are pure-play record keepers without an investment management arm. They employ lean, digitally focused operating models and distribute their services directlly to plan sponsors.
The fee-based products will be part of Halo's digital platform, which also offers structured notes, market-linked CDs and buffered ETFs.
There are now almost 14,000 RIAs registered with the SEC, and the number of clients they serve grew 17% in 2020, to 60.8 million
There’s a lot of opportunities to get rich as a fiduciary planner. But is it a career worth pursuing?
The measure in the Senate would create 15- and 50-year limits on amount of time money could remain in DAFs.
Steven Carlsen and Sathya Chey are forming a firm, Arise Private Wealth, in Rolling Hills Estates, California.
The bank hasn't set a date for returning to the office. Employees can start applying for hybrid work once local pandemic rules allow them to return full-time to the office.
Robinhood's growing cryptocurrency business, which now allows customers to trade Bitcoin, Ethereum and even Dogecoin, has drawn questions from the Securities and Exchange Commission, a source says.
While the pandemic undermined Americans' confidence in nursing homes and home care is preferred, its cost could exceed that of a nursing home.
Participants had accused the plan's fiduciaries of using poorly performing investment options.
The veteran adviser tech executive held the post for two years.
The self-regulator saw a sharp turnaround after taking a $45.9 million loss in 2019. The results were driven, in large part, by the revenue generated from increased trading activity.
Small businesses are being told to sign up for coverage. Fintech firms and established 401(k) providers see an opportunity to showcase their services as an alternative to state-run programs before what is essentially a brand-new market.
U.S. sustainable funds attracted more than $50 billion in capital last year, doubling from 2019.
Betterment surveyed 1,500 investors to analyze which pandemic-fueled behaviors are likely to continue, like day trading and meme stocks.
The board overseeing the Thrift Savings Plan, which has 6 million active and retired participants, says that it subscribes to a strict indexing discipline.
In 2016, Finra launched a targeted examination of UIT sales, discounts and rollovers across the brokerage industry, and a number of firms have incurred penalties and fines in its aftermath.
After climate rule changes, expect similar disclosure requirements on other ESG issues like biodiversity, workforce diversity and political spending.
Fidelity launched a new brokerage account in May for 13- to 17-year-olds, but the larger focus should be on education, not access to the markets.
