The U.S. Supreme Court returned a case over International Business Machines Corp. retirement plans to a lower court, telling it to decide whether to consider new arguments being made by company officials and the Trump administration.
The lawsuit claims IBM plan managers didn’t do enough to protect employees from stock losses stemming from a money-losing chip manufacturing unit.
IBM officials say the suing employees needed to be more specific in their lawsuit about how administrators could have shielded the plan from the stock drop.
The case is Retirement Plans Committee of IBM v. Jander, 18-1165.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Wealth management unit sees inflows of $23 billion.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
