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DOL sues employee benefit plan fiduciaries for over $2.8 million
RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 02, 2022
DOL sues employee benefit plan fiduciaries for over $2.8 million

The Labor Department charges a Chicago fund's fiduciaries and counsel with committing multiple ERISA violations.

Women Adviser Summit - Virtual
NEWS INDUSTRY NEWS MAR 02, 2022
Women Adviser Summit - Virtual

The InvestmentNews Women Adviser Summit is uniquely designed for the sophisticated female adviser who wants to take her personal and professional self to the next level. Next event is March 23.

Firms overseeing $721 million join AmeriFlex
NEWS RIAS MAR 01, 2022
Firms overseeing $721 million join AmeriFlex

The addition of Pilkington Financial and Planning Resources in Colorado and Summit Financial in California brings AmeriFlex's total assets under administration to more than $5.6 billion.

Mercer Global acquires $230 million RIA
NEWS RIAS MAR 01, 2022
Mercer Global acquires $230 million RIA

Acquisition of Benemark expands Mercer’s presence in Northeast.

Morningstar’s initial retirement report shows ‘alarming’ DC plan shrinkage
RETIREMENT RETIREMENT PLANNING MAR 01, 2022
Morningstar’s initial retirement report shows ‘alarming’ DC plan shrinkage

Jack VanDerhei, formerly director of research at EBRI, joins the firm’s new unit.

Janney adds team from Wells Fargo managing $300 million
NEWS BROKER DEALERS MAR 01, 2022
Janney adds team from Wells Fargo managing $300 million

The three advisers operate as RCC Wealth Management in Spartanburg, South Carolina.

Supreme Court refuses to hear challenge to CalSavers
RETIREMENT RETIREMENT PLANNING FEB 28, 2022
Supreme Court refuses to hear challenge to CalSavers

California prevailed in a legal battle over its auto-IRA program.

Commonwealth creates ‘rent-an-admin’ program
YOUR PRACTICE PRACTICE MANAGEMENT FEB 28, 2022
Commonwealth creates ‘rent-an-admin’ program

Advisers are matched with an administrative person who acts as a part-time staff member for the duration of a six-month agreement.

Study estimates $1.96 trillion jump in 401(k) balances from loan protections
RETIREMENT RETIREMENT PLANNING FEB 28, 2022
Study estimates $1.96 trillion jump in 401(k) balances from loan protections

EBRI research suggests automatic loan insurance program would reduce savings deficit.

Edward Jones rep managing $156 million goes indie with Raymond James
NEWS ADVISOR MOVES FEB 28, 2022
Edward Jones rep managing $156 million goes indie with Raymond James

Terry Estes joins Freedom Street Partners, a partnership of independent advisers affiliated with Raymond James Financial Services Inc.