Firm is trying to shift its business mix, freed up $200 million in capital.
Most advisers have a tough time discussing health issues with clients — and that imperils them.
A second lawsuit has been filed alleging that the largest retirement plan record keeper received undisclosed kickbacks from mutual fund companies.
Advisers are also concerned that these programs are serving as distribution outlets for proprietary financial products.
Acquisition would be in line with trend of record keepers seeking to gain scale to combat fee reduction.
Sales broke a record last year despite rules that observers believed would slow them down.
Insurers may turn to direct-to-consumer sales only, bypassing brokers and insurance agents.
Brown is one of a handful of universities to settle claims over alleged retirement plan mismanagement.
The adviser claims Charles Schwab defamed him and poached his clients.
Travelers is implementing a program next year, which follows a similar move by Abbott Laboratories.
