Trading activity in 401(k) retirement plan accounts was “remarkably light” in the second quarter, according to data compiled by workplace tech provider Alight Solutions.
Net trades for the quarter amounted to 0.16% of balances, the lowest quarterly figure in the almost 25 years that the company has been tracking the figures through a proprietary index. From the first quarter of 1998 through this year’s first quarter, quarterly net trading activity averaged 0.88% of balances.
There was only one day of above-normal activity during the second quarter, the company said in a release. On 37 days, net trading dollars moving to equities, and on 26 days the flow favored fixed income.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
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.
