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OneDigital acquires benefits consultant and adviser
The deal for Florida-based Fulcrum Partners will expand the footprint of the giant insurance broker’s registered investment adviser.
Delaying RMDs would have minimal tax impact, study finds
TIAA Institute research paper finds that even eliminating RMDs would have little effect on government revenues and says the effect on retirees depends on whether they have a bequest motive.
Labor rule on ESG already trimming fund options for retirement plans
Some retirement plan advisers have cut green investing options from 401(k) plans following Trump's last-minute rule change.
Fidelity launches pooled employer plan
Fidelity Investments became the latest to register with the Department of Labor as a pooled plan provider. The PEP, which appears to target small businesses, could significantly boost the company’s presence in that market – the bulk of Fidelity’s defined-contribution plan business is with large employers.
401(k) suits filed against Mercedes, Takeda, American Trust
Plaintiffs allege excessive fees and other claims against the auto maker and drug company, while a participant in a plan using American Trust as trustee claims a major distribution was made without his permission. The University of Pennsylvania settled a long-running case over its 403(b).
Biden signals administration will review DOL ESG rule
Hours before President Joseph Biden was inaugurated at the U.S. Capitol, the Biden transition team released a list of more than 100 Trump regulations approved since 2017 that it intends to revisit.
RIA M&A starts 2021 with a bang
In the first week of the new year, eight significant deals involving advisory firms were announced and a total of $159.6 billion in assets changed hands. Among the buyers and sellers — including Hightower, Sageview Advisory Group and Aquiline Capital Partners — were some of the most significant names in the burgeoning RIA industry.
Captrust adds $3.29 billion with MRA Associates deal
Raleigh-based Captrust swells to $409 billion under advisement with its Southwest expansion
COVID relief bill could help some small-business 401(k)s
A small section of Tuesday's spending bill will help some employers avoid partial plan terminations
DOL limits retirement-plan proxy votes to those affecting financial returns
The move could curb shareholder actions related to sustainable investing
401(k) litigators target Coca-Cola bottler
The lawsuit, like others, cites allegedly excessive investment and administrative fees
To survive in the COVID era, RPAs must adapt
Firms that are clinging to old ways of doing business will struggle to grow, or even keep their doors open
401(k) firms line up for PEPs, anticipating big business in 2021
Registration for pooled plan providers begins later this month, but some companies are already announcing their plans
Hub International snaps up almost $3 billion in assets
With the latest deals, the firm's retirement plan and private wealth business oversees about $93 billion
Captrust expands to Colorado with purchase of female-led RIA
$785 million Denver-based Shine Wealth Partners will rebrand as Captrust
Amway’s 401(k) at center of lawsuit
The multi-level marketing company's plan had allegedly excessive fees, according to the complaint
Bob Reynolds reflects on future of 401(k) plans after the election
The Putnam CEO is concerned that the retirement plan system is an easy target if the government needs to raise money
A new world for retirement plan advisers
The average client’s house is in reasonably good order, but mass affluent plan participants may need additional help
Money-market debit cards for clients? Franklin CEO on the future of advice
Chief Executive Jenny Johnson outlined the $1.4 trillion manager's interest in technology and retirement assets at the Spark Forum
Chief investment officers outline future of DC plans
Investments are at the heart of defined-contribution plans, giving CIOs a crucial role in helping workers prepare for retirement
