JPMorgan Chase has created a simplified 401(k) plan designed for its small-business clients.
Called Everyday 401(k), the program will use SS&C Technologies as the underlying record keeper. Company fees can be as low as $75 per month plus $5 per participant per month, the bank said in a release.
The plan can be set up and employees enrolled online, the bank said.
All of the investments in the plans are J.P. Morgan products, including its target-date mutual fund series. Employees are expected to pay average net mutual fund investment management fees of 47 basis points.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
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
