Great-West Life & Annuity Insurance Co. and its Empower Retirement unit have filed a lawsuit against Empower Geographics Inc. and its president for threatening to sell the empower.com domain to Empower Retirement's competitors “and professional cybersquatters.”
According to a suit filed in federal court in Illinois, Great-West accuses Empower Geographics, which is based in the Chicago suburbs, of trademark violations, deceptive trade practices and unfair competition. It charges that from June 2016 on, the Empower site “appeared to be solely used for the purposes of advertising the sale of the domain.”
The suit says that negotiations between the parties have failed as a result of the defendants’ demands.
Great-West is seeking “actual damages, lost profits, consequential damages, exemplary damages, statutory damages, and any other damages allowable under law.”
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
