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.
The proposed changes around retail communications and certain representations of projected performance or targeted returns have tangible implications for B-D firms' compliance policies and procedures.
The independent wealth firm's latest move in Massachusetts a dedicated non-advisory platform for ultra-wealthy families as RIA family office spinoffs keep multiplying.
Savant Wealth Management's tax subsidiary is taking a new name and two new partners as the RIA continues layering accounting services onto its wealth platform.
“Investment from Envestnet will accelerate roadmaps at Vestmark,” said Freedom Dumlao of Vestmark.
Broker-dealers and RIAs can now offer clients crypto and tokenized securities through a single integrated platform.
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
