Nobel laureate Richard Thaler accepts advisory role at Pimco

Nobel laureate Richard Thaler accepts advisory role at Pimco
Mr. Thaler will research decision-making around retirement saving.
MAY 09, 2019

Pacific Investment Management Co. added Nobel laureate Richard Thaler as a senior adviser on retirement and behavioral economics. Mr. Thaler will research decision-making around retirement saving, Pimco said in a release on Thursday. The Newport Beach, California-based firm will use his expertise in designing products and services for clients who are preparing for life after work. (More:​ Richard Thaler wants to use 401(k)s to boost Social Security payments) A professor of economics at the University of Chicago Booth School of Business, Mr. Thaler won the Nobel Prize in Economic Sciences in 2017 for his work on how human traits govern individual economic decisions and affect broader markets. Last year, Pimco announced it would partner with Chicago's business school to support research into behavioral science. Read more about the partnership here.

Latest News

There’s no advisor playbook for resolving family succession conflicts, but these skills help: UBS
There’s no advisor playbook for resolving family succession conflicts, but these skills help: UBS

“Ultimately, you just try to embrace collaboration,” said Greg Merrill of UBS.

NorthRock widens Minneapolis reach with Kowalski Financial deal
NorthRock widens Minneapolis reach with Kowalski Financial deal

Building on its Personal Office platform, NorthRock Partners' latest transaction brings more than $200 million in assets under management and five employees to the growing RIA.

Osaic deepens RISR partnership as advisors race to serve aging business owners
Osaic deepens RISR partnership as advisors race to serve aging business owners

Expanded deal pairs succession-planning software with a broker-dealer network already logging rapid AI adoption among 11,000 advisors.

SEC's Waldon steps down as enforcement deputy after 14 years
SEC's Waldon steps down as enforcement deputy after 14 years

Osman Nawaz, an agency veteran who rejoined last month, takes over as principal deputy director.

RIA M&A shatters records as first-half deal count nears 40% jump
RIA M&A shatters records as first-half deal count nears 40% jump

Berkshire Global Advisors reports reveals scaled buyers and steady tuck-ins push 2026 dealmaking to new highs.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income