Just under one in 25 direct contribution plan participants (3.9%) withdrew money from their accounts in 2019, up from 3.4% the previous year, according to a report from the Investment Company Institute.
Levels of hardship withdrawal activity also remained low (1.9%), according to the report, which tracks contributions, withdrawals, and other activity based on data gathered by DC plan recordkeepers. The data covers more than 30 million participant accounts. The comparable figure for 2018 was 1.6%, the report said, noting that 2.3% of DC plan participants discontinued their contributions during 2019.
DC plan participants’ loan activity in 2019 was slightly lower than the loan activity observed in 2018, with 16.1% of participants having plan loans outstanding, compared with 16.7% at year-end 2018.
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.
