Former participants in a 401(k) plan offered by Aegis Media Americas, a large advertising and communications company, have filed a suit against the company and its plan’s fiduciaries.
The complaint, which is seeking class-action status for the period running from May 8, 2014 through Dec. 31, 2018, charges that the plan violated ERISA rules by not providing the lowest-price share classes and failing to "objectively and adequately" review the plan's investment menu.
While the complainants concede that the plan made changes in 2018 to some of the investment options that are the subject of the lawsuit, they contend that the changes did not go far enough to correct the damage participants suffered.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
