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Voya, Morningstar jointly roll out advisory services for 401(k) savers
Voya says its new program will provide greater support for plan participants when it comes to retirement saving, including tailored investment advice and managed accounts.
ERISA lawsuit roundup: Court backs ADP (again), Mutual of America settles
Mutual of America agreed to settle an ERISA excessive fee lawsuit filed by 401(k) participants last week.
LPL adds New Mexico firm managing $225 million from Voya
Albuquerque-based Legacy Financial Group was founded in 1995 by Cris Giron and Eddie Fernandez.
Allianz to sell US fund management unit to Voya after SEC ban
Voya Investment Management will add about $120 billion of assets under management as well as some investment teams.
LPL adds $210 million all-woman team from Voya
Kristi Turchan and Debbie Verker operate as Ascend Wealth Management in Grand Rapids, Michigan.
Voya sued for using own investments in 401(k) plan
One of the lead plaintiffs in the class-action case appears to be the company’s former regional vice president of retirement sales.
Trio managing $366 million at Voya joins Royal Alliance
Altus Consulting Group, based in Texas and Wisconsin, becomes an office of supervisory jurisdiction.
LPL grabs former Voya team with $400 million in assets
LPL made clear it was eyeing Voya financial advisers after Cetera Financial Group Inc. said it was buying the firm in February.
LPL snags $1.6 billion team, this time from Voya
The move marks the third announcement of a billion dollar group moving to one of LPL's channels this month.
Team managing $200 million switches to LPL from Voya
The six-person Kraner group based in New Jersey is affiliating through INC Advisor, an office of supervisory jurisdiction.
Many plan borrowers took more than they needed, survey finds
While the people who took loans or withdrawals as a result of Covid-19 are in a better place financially, they feel behind in their saving.
Broker-dealer M&A shows signs of life in 2021
The acquisition market for broker-dealers looks like it is perking up as broker-dealer networks owned by private equity managers continue to hunt for assets. Year-to-date there have been four broker-dealer transactions totaling $65 billion in assets.
Voya to serve as record keeper for two new PEPs
Unison Risk Advisors and TAG Advisors are launching pooled employer plans.
Cetera plans to offer retention bonuses to 900 Voya advisers
Details of the bonus plan have yet to be revealed. But Adam Antoniades, CEO of Cetera, said such a plan would be forthcoming in an effort to retain as many advisers as possible.
SEC slams Voya Financial with $23 million penalty for conflicts at RIA
The conflicts of interest ranged from 12b-1 fees to cash sweep accounts to alternative investments
Adviser managing $186 million moves to Voya from Lincoln
Adrian Dunuwila of Fayetteville, New York, is joining his son Brendan at Dunuwila Wealth Management
Voya offers credit to retirement plans of minority-owned businesses
COVID-affected nonprofits are also eligible for the $500 to $5,000 one-time credit to offset plan fees
Ex-Voya broker allegedly flees country after facing dozens of complaints
As his clients sue, former rep James Flynn is reportedly in the Caribbean
Voya hybrids managing $350 million move to LPL
Both Michigan-based firms, Baldwin Capital and Langdon Capital, specialize in 401(k) plans
Here’s how target-date funds have fared as the market fell, and rose, in 2020
Some TDFs that limited losses during the market dive early in the year came out on top, an analysis of Morningstar Direct data shows
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