NorthCoast Asset Management will become part of Cincinnati, Ohio-based Connectus Wealth Advisers.
The agreement will help Morgan Stanley at Work deliver services to small-business retirement plans.
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.
Such arrangements are often structured in ways that misalign the interests of the buyers and sellers, and they can be highly divisive.
The Canadian firm continues to gobble up U.S. wealth managers; its latest deal expands its presence in the San Francisco Bay area.
With the two most recent conversions, the firm boasts nine exchange-traded funds with about $40 billion in assets.
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.
Comparing actively managed funds on the plan menu to index funds that were available was not an ideal comparison, according to the court.
What the ancient Greek philosopher Aristotle can teach us about communicating a fiduciary standard of care.
The company's shares are expected to begin regular trading on the New York Stock Exchange on Sept. 20.
Consumers' medium-term outlook for inflation rose to the highest level seen since the Federal Reserve Bank of New York began its survey series in 2013.
Private equity firms' insurance companies accounted for more than 40% of all indexed annuity sales industrywide during the second quarter.
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.
David Crossan and John Stephens Jr. set up shop in Manahawkin and Manchester on the New Jersey shore.
In an attempt to appeal to moderates, House Democrats have proposed a package of tax increases that would raise the top rate on capital gains from 20% to 25%, instead of the 39.6% that Biden proposed.
The financial sector is in a much better place than it was 20 years ago, thanks to proactive safeguards that were put in place to protect the assets of millions of investors in the wake of the 9/11 attacks.
Bari Havlik, who's retiring, created a single national examination and risk monitoring program during her stint as Finra's top cop.
The 6 million people who downloaded trading apps in January alone represent a new breed of retail investor that is younger, earns a lower income and is more racially diverse than any investment cohort the industry has seen.
Heather Hunt-Ruddy previously held the role of head of business development and is remembered by some financial advisers for an apt analogy about Tater Tots.
The Office of the Comptroller of the Currency cited deficiencies in the bank's home-lending business and said it violated a 2018 order tied to past problems.
