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 most women investors trust their advisors, new research points to “mansplaining” and other barriers that could undermine client relationships.
Industry group submits testimony supporting S2782, which includes language shielding licensed financial professionals from the state's new ABC test.
Financial advice firms continue to shed employees, often a way to reduce costs.
The building sold for $72 million - he says his $550,000 never came back.
Also, Zocks and Amplify unveil integrations with Conquest and Wealthbox CRM to extend their reach among independent advisors.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
