PlanMember Financial Corp., a broker-dealer that specializes in retirement plans for school districts and nonprofits, is teaming up with record keeper Newport Group Inc. to offer the PlanMember Pooled Employer Plan.
Newport will serve as the PEP provider and PlanMember will supply 3(38) fiduciary investment services.
The companies’ combined platform provides record keeping for more than $150 billion in assets for more than 1.7 million plan participants.
There have been a number of announcements of new pooled employer plans recently. PEPs, which are meant to expand access to retirement plans to the many workers who currently don’t have access, were authorized by the SECURE Act. The Department of Labor allowed providers to launch PEPs starting on Jan. 1.
Inflation delays treatment while insured patients still fight for medication access
Public support grows for policies that spread AI’s financial gains beyond tech companies.
Investment banking fees rose 30% on a wave of IPOs and megadeals, led by the largest public listing on record.
Series A funding from Portage, Bain Capital, and other investors will fuel data tools designed to speed advisor transitions and cut onboarding delays across wealth firms.
The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
