A bipartisan bill has been introduced in the Delaware House of Representatives that would create a state-sponsored retirement plan for private-sector workers.
The program, called Delaware EARNS, for Expanding Access for Retirement and Necessary Savings, is intended to serve the 52% of workers in the state who do not have access to a retirement program at work.
The proposed state program, which would be administered by the state treasurer’s office, would automatically enroll employees unless they elect to opt out.
Businesses with more than five employees would be required to participate in Delaware EARNS through a payroll process. Employers who already offer employees some other form of retirement option would not need to participate.
Illinois and New York recently said they are amending their auto-IRA programs to encourage greater participation.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.