Results for "principal financial group"

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The growth of factor-based investing

May 18, 2019

The steady migration of investor assets out of actively managed mutual funds and into passively managed exchange-traded funds is fueling the growth of factor-based investing, an old idea that has taken on new appeal for financial advisers and...

Principal-Wells Fargo retirement deal hints at fee compression

April 11, 2019

The blockbuster deal inked by Principal Financial Group and Wells Fargo & Co. earlier this week provides a glimpse into the economics prevailing in the defined-contribution-plan record-keeping business. Specifically, the deal's $1.2 billion...

Principal to buy Wells Fargo retirement unit for $1.2 billion

April 9, 2019

Principal Financial Group Inc. agreed to buy Wells Fargo & Co.'s retirement plan services unit for $1.2 billion as the bank streamlines operations in the wake of scandals. The business, which has $827 billion in assets under administration,...

Factor investing gets a reboot as ebbing demand bites at ETFs

April 5, 2019

A rough start to the year for more than $850 billion exchange-traded funds with quantitative strategies is fueling a product rethink. Smart-beta stock ETFs, which use characteristics such as a company's value, size or momentum to direct investments,...

Wells Fargo could be putting more of its focus on wealth management

March 20, 2019

Wells Fargo & Co. appears to be paring back on its businesses, and that could be a good thing for the 14,000 financial advisers and registered reps who work under the roof of its brokerage and advisory subsidiary, Wells Fargo Advisors. After...

Principal-Wells Fargo retirement deal would be among largest ever

March 18, 2019

There would be a new behemoth among record keepers of defined-contribution plans if Principal Financial Group were to follow through on a reported deal to acquire Wells Fargo & Co.'s retirement-plan unit. The deal — which could fetch more...

Principal Financial acquires digital advice startup RobustWealth

May 30, 2018

Principal Financial Group is acquiring financial technology startup RobustWealth to improve its own technology offering and expand distribution capabilities among the banking, broker-dealer and registered investment adviser channels. Principal...

Principal sued for stacking its TDFs with proprietary funds

April 19, 2018

Principal Financial Group has been sued for allegedly loading its target-date funds with costly and underperforming in-house investments, in the latest example of 401(k) participants targeting financial firms for purportedly enriching themselves...

Cost-cutting takes precedence in competitive defined-contribution environment

March 23, 2018

U.S. target-date fund managers are continuing to find ways to cut costs amid heightened fee scrutiny from plan executives and consultants, increased competition among managers, and a desire among managers to help improve participants' retirement...

Stocks of brokerages, insurers rally after DOL rule struck down

March 16, 2018

Morgan Stanley and Principal Financial Group Inc. were among banks and insurers that rallied after a U.S. appeals court struck down a sweeping Obama-era rule that aimed to protect millions of Americans from conflicted investment advice. The...

More 401(k) plans move away from revenue-sharing model

March 12, 2018

Many 401(k) plans are moving away from revenue sharing as executives cite the need for greater transparency, simplicity and democracy in how fees are assessed to participants. Defined contribution plan consultants say federal fee regulations...

New adviser credential hones accumulation skills

December 12, 2017

There is no question that the wealth management industry is changing. The question for financial advisers is how do they differentiate themselves in a post-fiduciary environment with robo-advisers nipping at their heels? Perhaps it's time to...

Wells Fargo sees big TDF outflows from mutual funds

November 20, 2017

Target-date funds are on track for a near-record year, but Wells Fargo & Co. doesn't seem to be participating in the boom. TDFs have catapulted to popularity over the past decade as 401(k) plan sponsors' preferred default investment, and flows...

More advisers disapprove of Trump job performance at six-month mark

July 27, 2017

Financial advisers are increasingly dismayed by President Donald J. Trump's performance in office, as he begins the second half of his first year. An InvestmentNews poll of 991 readers shows that 59% either "disapprove" or "strongly disapprove"...

DOL fiduciary rule causing DC-plan record keepers to change business with insurance agents

July 24, 2017

Independent insurance agents have been among the most affected by the Department of Labor's fiduciary rule, and it appears some defined-contribution-plan record keepers have been contributing to that upheaval. Record keepers such as Principal...

RIA models retainer fees after a McDonald's menu

May 26, 2017

No matter how difficult the financial planning challenge, Bill Simonet tries to keep his fee structure as simple as possible. The managing principal at Simonet Financial Group still offers an asset-based pricing model for clients who only want...

Trump to order halt of fiduciary rule, review of Dodd-Frank

February 3, 2017

President Donald J. Trump today will halt a Labor Department regulation that requires advisers on retirement accounts to work in the best interests of their clients. Mr. Trump's order will give the new administration time to review the change,...

Must advisers manage money?

December 11, 2016

When it comes to outsourcing the investment management part of their business, Jon Ten Haagen and Krzysztof Garlewicz are of different minds. Mr. Ten Haagen, founder and principal of Ten Haagen Financial Group, believes his clients are better...

Amid DOL fiduciary rule doom and gloom, some take opportunistic tack

November 4, 2016

Amid the outpouring of dour forecasts, grim analysis and outright confusion about the impact of the Labor Department's fiduciary rule among stakeholders in the financial services industry, some product providers see a silver lining. Executives...

Primerica expects to pay $4M-$5M per year to comply with DOL fiduciary rule

August 12, 2016

Primerica Inc. executives estimate the firm will incur ongoing costs between $4 million and $5 million per year to comply with the Labor Department's fiduciary rule, joining a handful of other financial services companies who've publicly said...

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