Dallas-based Lake Point Advisory Group was founded in 2007 by Reid Johnson, who was described as a 'marketing genius' by Mercer's Dave Barton.
The product, which will be offered in defined-contribution plans, is engineered to deliver 6% income at retirement.
The purchase of Bloomfield Hills Financial brings SageView 50 employees and six locations.
Jeffrey Kleintop and Liz Ann Sonders scrambled to highlight the silver linings of inflation at the Schwab Impact annual conference held virtually this week.
Investing apps allow investors to trade securities and share those strategies with like-minded traders. Regulators may need to consider whether they're also providing investment advice.
The case has big implications for similar state programs that require small businesses with as few as five employees to provide retirement plans, unless they register for the state-sponsored option.
The National Institute on Retirement Security found the middle class can longer afford retirement, according to a new report.
Fidelity is increasing its limit for student loan contributions for its employees, and MassMutual is letting people apply vacation time to payments.
While the ProShares Bitcoin Strategy ETF is the first of its kind, there are a host of other versions coming soon. The futures-based strategy could make the tech stock volatility of the 1990s look tame by comparison, according to experts.
Peter Shunyia in Troy, Michigan, has affiliated through a super office of supervisory jurisdiction.
Record allocations by households, foreign investors, mutual and pension funds are set to climb even higher in 2022, Goldman strategists led by David Kostin wrote in a note Friday.
Customers added 1.2 million retail brokerage accounts during the third quarter, almost double the number added in the year-ago period.
TIAA settled claims in July from the SEC and New York State. Deloitte was recently sued over its plan, and Aon prevailed in a lawsuit.
Fintech experts say the next disruption could come from out of the blue, and that advisers should avoid embracing tech for tech's sake.
Young advisers recognize technology plays a central role in their value proposition, even as the personal connection they have with clients is the secret sauce.
The firm's trading operation posted a 23% increase in revenue, while its consumer and wealth management business pulled in $2.02 billion, up 16% from a year earlier.
The new adviser development program is up and running with 750 advisers. Some of the new recruits could be already licensed to sell securities, but don't have a background in financial advice, according to the company.
Gen XYZ investors have been the most likely to drop their financial professionals during the pandemic, according to Fidelity Institutional research.
Democratic bills in Congress would codify the Biden administration's proposal, but Republican support is lacking.
Participation in 403(b) plans went up during the pandemic, to over 77% of eligible employees in 2020, compared with less than 77% in 2019 and 72% in 2018, according to PSCA.
