UBS advisers using the firm’s retirement plan manager advisory program now will be able to tap a Transamerica service that's designed to reduce the administrative burdens for small businesses that offer retirement plans.
Called Retirement Plan Exchange, the service uses TAG Resources, a Knoxville, Tennessee-based firm specializing in pooled structures, to serve as a plan’s 402(a) and 3(16) fiduciary and manage the day-to-day administrative duties
The UBS retirement plan manager advisory program offers discretionary investment management, with UBS acting as an investment manager under ERISA Section 3(38).
Transamerica said that Retirement Plan Exchange is not a multiple employer plan. Unlike a MEP, certain plan qualification and ERISA requirements are applied at the individual plan level.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
