T. Rowe Price has developed a new tool to help plan sponsors assess retirement income solutions for participants.
“The retirement income pursuit is a complex issue for plan sponsors and participants, and our objective is to help with progress.” Lorie Latham, senior defined contribution strategist at the company, said in a release. “To date, the retirement industry has tended to lead with launching retirement income products and with an aim to 'sell' into plans. We hope to see a pivot toward greater emphasis on the fundamental needs of retirees and plan objectives.”
T. Rowe Price research found that 94% of defined-contribution plan consultants agreed that a suite of income solutions is preferred to a single retirement income offering.
However, DC consultants also report that only 13% of their plan sponsor clients currently provide, or are planning to provide, such an array.
T. Rowe Price's new tool aims to bridge the gap by offering plan sponsors a strategic and informed evaluation process, the company said.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
