Independent Financial Partners, a Tampa, Florida-based broker-dealer and registered investment adviser managing $12.1 billion in assets, said it will offer the Sallus Retirement pooled employer 401(k) plan through its affiliated advisers, many of whom serve small businesses and their owners.
Pooled employer plans let unrelated companies pool their 401(k)s into a single retirement plan, giving them the scale afforded larger companies and letting small firms avoid the administrative burdens of running a 401(k).
Sallus Retirement, based in Berwyn, Pennsylvania, is an independent pooled plan provider whose PEP is fully digital.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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
