The nation’s largest retirement program — the federal government’s Thrift Savings Plan — will begin offering ESG funds in the summer of 2022 through a new mutual fund “window” similar to a brokerage option.
As reported by Barron’s, the fund program will be run by Alight, a Lincolnshire, Ill.-based administrator, which will work with Accenture Federal Services, the plan’s record-keeper.
The plan currently offers ten target-date funds and five individual funds managed by BlackRock and State Street Global Advisors. The new window will include more than 5,000 funds.
The TSP has about $760 billion in assets and covers about 6.3 million federal employees and service members.
According to the Plan Sponsor Council of America, just 2.9% of plans that it surveys annually offer an ESG or socially responsible fund option, and only about 0.1% of total plan assets are in those funds.
FINRA booted Rudy Anguiano from the industry for “conversion - the intentional and unauthorized taking of another person’s property.”
Notice 2026-62 also flags box spread ETFs and tax-aware fund trades as Treasury opens month-long consultation period.
Heartwood Wealth Advisors deal marks the serial acquirer's 36th-ever transaction as third-quarter RIA M&A volume slips 19%
The AI lab disclosed more than $8 billion in 2025 losses on an operating basis as financial advisors weigh a supersized listing likely to land past the midterms.
Valuations and ethical fit are top of mind nowadays, but questions of liability are also crucial for RIA sellers worried about post-sale risks.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
