Displaying 39 results
TriNet switches 401(k) plan to Empower
The move will allow TriNet to provide more website capabilities and additional call center hours to plan participants.
Covid, convergence, consolidation and the 2021 RPA roundtables
Aggregators realize that in-plan retirement income solutions are needed, while CIOs understand that advisers need to be able to help participants navigate the myriad of benefits offered at work.
Who will win the 401(k) battle in the 2020s?
The start of the 2020s has been dominated by the three Cs — Covid, convergence and consolidation. Government mandates could cause the small and startup plan market to explode, and RPA consolidation has blown up.
What Creative Planning’s deal for Lockton’s retirement unit means for RPAs
The transaction marks the first time a top-five RIA has acquired a top-five retirement plan adviser firm, which could send Creative Planning's rivals scrambling to find larger RPAs.
What Ascensus purchase of Newport Group means for advisers
Last week’s announced purchase of Newport Group by Ascensus comes on the heels of Empower’s purchases of MassMutual’s and Prudential’s record-keeping divisions.
Goldman Sachs, Ascensus create small-business retirement plan
The Goldman Sachs Workplace Retirement Solution uses the Ascensus platform to provide an integrated 401(k) or 403(b) plan that includes digital advice and digital financial wellness support.
Broker-dealers critical to expand 401(k) coverage and help participants
The RPA Broker-Dealer Roundtable and Think Tank covered getting data, providing plan access and helping participants with low balances.
Dangers advisers may face due to record-keeper consolidation
The larger providers produced by consolidation will cater to larger RPA groups like aggregators and major broker-dealers at the expense of smaller, independent RPAs.
Vestwell names Rob Molchon CTO
The digital record-keeping platform also promoted Ryan Anderson to chief product officer.
Ameritas acquires record keeper
Ponte Vedra Beach, Florida-based BlueStar Retirement Services also serves as a third-party administrator and provides multiple employer plans.
Standard introduces small-plan record-keeping tool
The solution, which targets retirement plans with up to $2 million in assets, is built on a large-plan platform and can accommodate growth.
Consolidation, wellness and micro market top of mind for record keepers
Looming over the RPA Record Keeper Roundtable and Think Tank was the convergence of wealth, retirement and health at work.
Fight over DC participants tests advisers’ partnerships with providers
Providers cannot hope to create a sales force that competes with the 25,000 RPA specialists and hundreds of thousands of RIAs that dabble. But once the plan is sold, who has the right and ability to monetize the participants?
Do RPAs need wealth management to survive?
Few have figured out how to serve the participants who cannot afford traditional advice. Managed accounts are just a start.
The value of a 401(k) participant, quantified
Who deserves to service and monetize the participants? The answer to that is whoever works the hardest, within the limits of the law, in a professional, conflict-free manner.
Newcomer Benetic promises 401(k) quotes for advisers in minutes
So far, about 100 advisers, including those from 11 of the 15 biggest aggregator firms, have used the service, which recently began including quotes for pooled employer plans.
Digital record keepers are changing the micro 401(k) market
Many of these newer entrants are pure-play record keepers without an investment management arm. They employ lean, digitally focused operating models and distribute their services directlly to plan sponsors.
FIS to take over record-keeping tech, operations for T. Rowe Price
About 800 T. Rowe employees will be offered jobs with FIS; the transition is effective Aug. 1.
Average retirement balances hit record in Q1: Fidelity
Year-over-year values are up more than 30% across more than 30 million IRAs, 401(k) and 403(b) accounts.
Great-West B-D to pay $1.5 million over retirement account failures
The Securities and Exchange Commission says the firm knew that hackers were trying to access participant accounts but didn’t report them.
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