Displaying 28133 results
JPMorgan’s Thasunda Duckett named TIAA chief executive
Duckett succeeds Roger Ferguson Jr., who had announced his plans to retire. She was most recently CEO of Chase Consumer Banking.
Cure the harm Trump administration caused savers
Data suggest that the adoption of the SEC’s vague Regulation Best Interest and the abandonment of a strengthened DOL standard for retirement accounts have already cost savers billions of dollars in lost returns.
LPL, Cetera gear up for fight over Voya advisers
Cetera is offering a standard range of transition money to Voya's 900 advisers while LPL is flexing its muscle, according to several market sources.
SPAC frenzy takes on wealthtech
SPAC deals are dominating the market as a convenient shortcut that allows fintechs to go public without the hassles involved in pursuing an initial public offering.
DOL nominee Walsh raises concerns about Trump rule curbing ESG retirement investing
Walsh says he will tell EBSA to reexamine the regulation, which an expert says has led to ESG products being taken off of retirement plan platforms.
$1.8 billion mutual fund halts redemptions over alleged fraud
The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.
Covid’s financial pinch worse than the Great Recession’s, survey finds
Annual Allianz retirement study found earlier retirement, more strained personal finances
2 new ESG ETFs bring small- and mid-cap stocks into focus
The funds are the first ETFs to track the environmental, social and governance versions of the indexes. The DWS suite of ESG ETFs come with a tracking error of about one percentage point.
RIA managing $172 million joins Carson Partners
Oregon’s Price Financial Group will use Carson's resources, including infrastructure and technology.
Who is your 401(k) client?
Retirement plan advisers have to choose one client over the interest of others – and that affects the services they provide, their fiduciary responsibilities and profitability.
Principal, MetLife assume a $1.2 billion pension obligation
Retirees in the pension plan of Philips North America will receive the same monthly benefit.
Social Security adds new guidance to online statements
The agency includes new fact sheets that target different age groups and special situations, such as eligibility for benefits.
Navigating the blurring lines between M&A and recruiting
The competition for high-quality advisers and advisory firms, combined with an insatiable thirst for growth, is creating more choices for advisers as to both whom they partner with and how they choose to structure that relationship.
State regulators probe whether investors get money’s worth from subscription fees
State regulators have been expressing concern that new fee structures sometimes don’t align with services provided. The issue will continue to be a priority this year.
Paychex has 1,000 clients for its PEP, company says
Most of the new PEPs clients have not previously offered a retirement plan to their employees, often because of the administrative burden of setting up a 401(k).
How the pandemic highlights diversity challenges in financial services
Speakers at Women in Asset Management summit say diversity and inclusion efforts can begin anywhere.
Morgan Stanley deal beefs up workplace offering
Privately held companies using law firm Wilson Sonsini's capitalization software will migrate to Morgan Stanley's Shareworks.
Principal launches strategic review after settlement with Elliott
The activist investor reportedly is pushing Principal to focus more on its wealth management operations and less on the life insurance business.
Wells Fargo Asset Management sold to private equity for $2.1 billion
Nico Marais will stay on as CEO of the $603 billion business after the sale to GTCR and Reverence Capital Partners, while there will be fresh faces on the board.
Rockefeller nabs $450 million Merrill Lynch team
The pair of advisers in Denver marks the registered investment advisory firm’s first foray into Colorado.
