Transamerica announced Wednesday that it's partnering with Cetera Financial Group to launch a new pooled retirement plan solution, the Cetera Advantage(k) GPS, that’s designed for small and midsize businesses and will be available only through advisors affiliated with Cetera.
Transamerica will serve as record keeper for the plan, while Cetera Retirement Plan Specialists, a third-party administrator owned by Cetera, will serve as 402(a) and 3(16) fiduciary for the plan and will be responsible for plan administration.
“For some small business owners, the administrative hurdles to set up and maintain a 401(k) plan, and the investment expertise required to select and maintain an appropriate, high-quality investment menu, have been a challenge,” Adeline Wong, head of retirement plan strategy and solutions at Cetera, said in a statement. “Our new solution, in collaboration with Transamerica, aims to reduce the administrative tasks and liability for the business owners so they can focus on what matters most — running their business."
A new platform turns disputed facts into tradable markets, flipping the prediction market model on its head.
The financial advice industry has been facing inquiries into its cash sweep programs for years now.
Investor money allegedly went to strip clubs, exotic cars, and landscaping
Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm
With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.
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
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
