Milliman Inc. is in discussions with a number of mutual fund companies, insurers and 401(k) plan sponsors to launch a guaranteed income product that would be backed by a pool of insurers.
The lousy economy hasn't been bad for everyone.
More than twice the number of target date funds have liquidated this year than in all of 2008, indicating how difficult it is for asset managers unaffiliated with 401(k) record keepers to build assets in such funds.
Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.
Financial adviser Irene Berner is lacing up and hitting the pavement against leukemia and lymphoma, as she trains for the P.F. Chang's Rock "n' Roll Half Marathon in Phoenix.
Insiders say that the Senate Special Committee on Aging hearings Wednesday will focus on the potential for conflict of interest within proprietary target date funds.
Ameriprise Financial Services Inc. has reached a $200,000 settlement with the state of Massachusetts, resolving accusations that several of its reps employed unfair sales practices when working with clients.
The industry effort to regulate financial planning as a profession has support from within, but it won't escape opposition from other sectors of the financial services community, several industry leaders said last week.
To deal with the “Roth revolution” that starts next year, advisers' best tool may be a crystal ball.
After a year in which many investors lost substantial chunks of their wealth, mass affluent individuals are ditching their full-service brokers in favor of independent financial planners at a significant clip, according to a report released today.
Financial advisers who have sold certain types of retirement and other benefit plans to small businesses might soon be facing a wave of lawsuits — unless Congress decides to take action soon.
The pending rule changes around Roth IRA conversions present a huge business opportunity for financial advisers to have deeper conversations with clients, according to a new survey by Charles Schwab & Co. Inc.
At a recent workshop, advisers told me they are finding that a surprisingly high percentage of their clients are unemployed. Advisers found this out during client reviews, and they said the news surprised them — clients had never called to let them know about their new circumstances.
The average 401(k) participant lost nearly one-third of their retirement account assets last year because of the market downturn, according to a report released this morning by the Investment Company Institute and the Employee Benefit Research Institute.
Although financial advisers think that succession planning is important, many also believe that they aren't getting enough help preparing for that transition, according to a new survey conducted by Mathew Greenwald & Associates Inc. for John Hancock Financial Network.
A new survey suggests that independent investment advisers are becoming more optimistic about the economy.
Legislation moving through Congress that would sharply limit what kinds of advisers can counsel 401(k) participants should not be passed, Rep. Earl Pomeroy, D-N.D., said today.
The elimination of the income limit on Roth IRA conversions starting next year could lead to a “Roth revolution,” according to David Polstra, a partner at the advisory firm Brightworth Private Wealth Counsel.
Back in May, we introduced you to <a href="//www.investmentnews.com/apps/pbcs.dll/article?AID=/20090501/REG/905019982&ht=SimpliFi"" target="”_blank”" rel="noopener noreferrer">Sophie</a>, SimpliFi's free virtual financial planner. Well, Sophie's grown up since then. As of today, she's gotten a lot more sophisticated, at least for the customers of financial institutions such as credit unions and banks that provide SimpliFi LLC's Planning Service Plus to their customers.
The majority of investors who work with advisers are not aware that income limits associated with the conversion of a traditional IRA to a Roth IRA will be lifted in January, according to a survey conducted by Fidelity Investments.
