Revenue sharing fees ultimately make retirement plans more expensive, and funds that include them are disproportionately favored on plan menus, a recent academic paper found.
Fintech and digital record keeper Vestwell is among about three dozen firms that have registered as pooled plan providers with the DOL, but the firm does not yet have information on pricing and plan design for a potential PEP product.
Social Security benefits are typically calculated using your highest 35 years of indexed earnings.
Investment advice may take back seat to financial wellness as advisers' clients worry about the state of the economy and the prospect of losing their job
The plaintiff failed to raise issues with the company's process of selecting and monitoring funds, a judge wrote
The company was already targeted in another class-action case over the target-date series and managed account options in its plan
Big mergers can lead to headaches for broker-dealers.
The managed-account service will stand out in the marketplace because it will be embedded in Vestwell’s technology, rather than located away from a record keeper and within an investment manager’s system, a detail that will help the firm compete on cost
The deal follows other major announcements, including the purchase of Compass Financial Partners and a majority stake acquisition in Sageview Advisory Group
Consolidation has been a theme of late in the retirement plan adviser world, and private equity has increasingly poured money into the space, which has helped push valuations to high points, leading to ample selling opportunities for adviser firms
Four years ago, a financial adviser got a call from a prospect who did not want to disclose any information over the phone. At the in-person meeting, the woman and her husband told the adviser that she had won a $1.2 million jackpot.
Arkansas and Michigan become the latest states to adopt the National Association of Insurance Commissioners model rule
Ongoing consolidation has been good for some aggregator firms, but others are being left out.
The forthcoming plans present challenges and opportunities, record keepers say
The strategy is seen as an opportunity to help train younger advisers and prospect for wealth management clients.
Combining financial wellness with traditional wellness programs can highlight their value, according to guests at a recent RPA event.
A CARES Act provision that encourages companies to repay their workers' student loans would be available for another five years
Guests at the RPA Convergence Broker-Dealer Roundtable and Thinktank say it might be a while before annuities are used in many plans.
A small section of Tuesday's spending bill will help some employers avoid partial plan terminations
Industry consolidation, financial wellness, data and new ways to work in the pandemic reality were among things on attendees' minds at the latest RPA event
