The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital and Atlas Merchant Capital.
CITs, which are bank products, have been gaining market share in 401(k)s for years, but they are not expressly permitted in 403(b) plans.
The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
While the people who took loans or withdrawals as a result of Covid-19 are in a better place financially, they feel behind in their saving.
The insurer recently won a long-running case brought by several brokers, though it is fighting several other suits from broker-dealers.
Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers who want the administration to address the $10,000 cap on state and local tax deductions.
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
After a six-day bench trial in U.S. District Court in the Southern District of Iowa Central Division, a judge ruled in favor of Principal on all counts. Salesforce also won a case, while a new one was filed against Kimberly-Clark, and another was settled by John Hancock.
The idea of hiking taxes on capital gains from the current top rate of 23.8% is viewed by some as a trial balloon to test levels of support and resistance. The top tax rate would apply to those with annual incomes of at least $1 million, which is about 500,000 American taxpayers.
The administration reportedly is considering boosting the tax rate on the capital gains to 39.6% from the current base rate of 20%.
The deal announced Thursday will add about $6 billion in assets across 71 retirement plans to Atlanta-based OneDigital Investment Advisors’ business.
The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare.
The legislation would bump up the annual contribution limit, taking it from the current maximum of $13,500 to $16,500. Sens. Susan Collins and Mark Warner note the proposed increase is the midpoint between SIMPLE plans and traditional 401(k)s.
While it's simple to choose annuity providers based on price and payout rates, those costs and rates can change frequently, so the best options today might not be as good in several years, a new report concludes.
It is no wonder, but certainly disappointing, that one of the industry’s most innovative providers, Prudential Retirement, is reportedly exploring a sale. That highlights how much record keeping has become a commodity focused on scale and costs.
The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.
Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans.
The results of a recent experiment show people saved more, spent less and felt more secure financially while saving as a group, according to the nonprofit Commonwealth.
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
Last year, there was a 27% uptick in the number of cases advisers working with the Foundation for Financial Planning reported.
