UBS advisers using the firm’s retirement plan manager advisory program now will be able to tap a Transamerica service that's designed to reduce the administrative burdens for small businesses that offer retirement plans.
Called Retirement Plan Exchange, the service uses TAG Resources, a Knoxville, Tennessee-based firm specializing in pooled structures, to serve as a plan’s 402(a) and 3(16) fiduciary and manage the day-to-day administrative duties
The UBS retirement plan manager advisory program offers discretionary investment management, with UBS acting as an investment manager under ERISA Section 3(38).
Transamerica said that Retirement Plan Exchange is not a multiple employer plan. Unlike a MEP, certain plan qualification and ERISA requirements are applied at the individual plan level.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
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.
