The acquisition will see $2.6 billion in retirement planning assets for over 40,000 participants added to OneDigital’s book.
The 10-year-old firm has seen strong growth in its assets, client base, and earnings.
Democrats at a House hearing say the retirement rule will ensure workers, retirees and retirement plan sponsors receive advice that is in their best interest.
The retirement fund says it plans to now focus on investments in utility companies and their efforts to shift away from fossil fuels.
The study exposes demographic fault lines in financial knowledge, with advised individuals scoring higher on several fronts.
While many say they can easily cut spending in retirement, one advisor says it's not so easy.
Mark Lamoriello, CEO of Advus Financial Partners, explains why client relationships not AUM drives his firm.
The DOL unit closed nearly 200 criminal investigations and recovered more than $840 million through formal enforcement actions.
Mutual funds narrowly maintained their lead over collective investment trusts, but CITs are growing faster, suggesting a potential shift in leadership this year.
Employee financial wellness programs can help get retirement savings back on track.
The case revolves around three collective investment trusts in the plan that were subadvised by the firm.
While the CFP Board supports the proposal, the FPA has expressed concerns about the DOL rule potentially raising compliance costs for members, increasing the cost of advice and reducing access to advice for some.
Poll of more than 1,200 workers highlights shifting savings habits, student debt woes, and overwhelming demand for advisors.
The offering automatically transitions employees approaching retirement age from a target-date fund to a managed account program.
The number of retirees outpaces a Federal Reserve economist's model by millions.
There were fewer hardship withdrawals taken last year, too.
Limra research reveals concerns around retirement, disability, and unexpected emergencies among Black adults.
EBSA found that the third-party administrator embezzled at least $5.5 million in retirement plan assets.
Four-fifths of employers acknowledge the role of non-qualified deferred compensation plans in attracting key recruits.
Since the auto IRA was proposed 18 years ago, the only successful efforts have been in the states.
