Vanguard found that a strategy used to increase employee retirement savings actually resulted in reduced participation and savings rates.
The announcement comes a year after GE said it would need to inject roughly $15 billion to shore up its long-term care reserves.
The SEC claimed BB&T misled clients and caused them to overpay for advisory services.
The fund giant has ridden the wave of investors seeking lower costs, primarily as a result of retirement-plan lawsuits.
The Garden State would be the sixth state to create such a retirement program, and experts say it's likely others will join the ranks this year.
Fidelity called the viability of a major fund platform into question, according to a report.
Schroders, Cohen & Steers Inc. and ICMA-RC are examples of firms that have ramped up their investment teams as others have restructured or scaled back.
Current owner Stone Point Capital, Kestra management and some advisers will retain equity positions in the indie B-D.
Fidelity allegedly pockets tens of millions of dollars a year from the undisclosed kickbacks, at the expense of its retirement clients.
From crafting a budget to serving as a sounding board, financial advisers can play an important role.
