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Focus Financial takes stake in Florida RIA
NEWS INDUSTRY NEWS JUN 01, 2021
Focus Financial takes stake in Florida RIA

St. Petersburg, Florida-based ARS Wealth Advisors has $704 million in assets under management.

Texas legislature passes anti-ESG bill
RETIREMENT RETIREMENT PLANNING MAY 28, 2021
Texas legislature passes anti-ESG bill

If the governor signs the bill, the state's six public pension funds would be prohibited from investing in financial products that boycott energy companies.

Goldman wins exemption from Labor Department's pension overseer
RETIREMENT RETIREMENT PLANNING MAY 28, 2021
Goldman wins exemption from Labor Department's pension overseer

The Employee Benefits Security Administration gives the firm a green light to oversee retirement plan assets despite its 1MDB misdeeds

OneDigital acquires two firms in Portland, Oregon
RETIREMENT RETIREMENT PLANNING MAY 27, 2021
OneDigital acquires two firms in Portland, Oregon

Impact Benefits & Retirement and Strategic Employee Benefit Services will be folded in.

Duo managing $250 million at Wells Fargo joins Janney
NEWS BROKER DEALERS MAY 27, 2021
Duo managing $250 million at Wells Fargo joins Janney

Three sole practitioners managing $297 million in total are also moving to the firm.

Life insurance sales jump 11% in first quarter
RETIREMENT LIFE INSURANCE AND ANNUITIES MAY 27, 2021
Life insurance sales jump 11% in first quarter

The quarterly sales growth was the highest since 1983, according to Limra.

Putnam launches its first ETFs
INVESTING ESG MAY 26, 2021
Putnam launches its first ETFs

The four actively managed funds are based on strategies employed in the asset manager's mutual funds, including ESG offerings.

ICMA-RC upgrades its managed accounts platform
RETIREMENT RETIREMENT PLANNING MAY 26, 2021
ICMA-RC upgrades its managed accounts platform

The manager of public sector retirement plans will offer personalized advice to participants.

Mercer acquires $170 million RIA
NEWS RIAS MAY 26, 2021
Mercer acquires $170 million RIA

Succession planning motivated the sale of Mississippi-based ET George Investment Management.

Bipartisan bill creating retirement ‘lost and found’ reintroduced
RETIREMENT RETIREMENT PLANNING MAY 25, 2021
Bipartisan bill creating retirement ‘lost and found’ reintroduced

The measure proposed by Sens. Warren and Daines addresses the $8.5 billion sitting in lost retirement plan accounts.