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No excuse not to find missing plan participants
NEWS OPINION FEB 01, 2021
No excuse not to find missing plan participants

The Labor Department has stepped up its audits of plans that have lost track of participants, and noted last month that in 2020 alone, investigators had helped reunite missing participants with plan benefits “with a present value in excess of $1.4 billion.”

'How is this ultimately going to end? Poorly.' A look at the GameStop roller coaster, as well as Schwab's adviser service issues
THE INVESTMENTNEWS PODCAST JAN 29, 2021
'How is this ultimately going to end? Poorly.' A look at the GameStop roller coaster, as well as Schwab's adviser service issues

Paul Schatz joins to explain the nuances of the Gamestop saga. There are reasons beyond just a Reddit group for the wild action, and Paul goes through all of it.

Captrust acquires $800 million plan adviser
NEWS INDUSTRY NEWS JAN 29, 2021
Captrust acquires $800 million plan adviser

Pittsburgh-based PWA Wealth Management was founded in 2003 and advises individuals, small business owners and institutional clients.

Atria acquires another indie B-D, SCF Securities
NEWS INDUSTRY NEWS JAN 28, 2021
Atria acquires another indie B-D, SCF Securities

Fresno, California-based SCF has 150 affiliated reps; once the deal closes, Atria will have more than 2,500 reps and nearly $95 billion in assets.

OneDigital acquires benefits consultant and adviser
RETIREMENT RETIREMENT PLANNING JAN 28, 2021
OneDigital acquires benefits consultant and adviser

The deal for Florida-based Fulcrum Partners will expand the footprint of the giant insurance broker’s registered investment adviser.

Finra bars former Merrill Lynch rep
NEWS WIREHOUSES JAN 28, 2021
Finra bars former Merrill Lynch rep

Atlanta-based broker Tyler Delahunt had been discharged by the wirehouse over alleged outside investments.

Carson Group acquires $200 million firm
NEWS INDUSTRY NEWS JAN 27, 2021
Carson Group acquires $200 million firm

Doylestown-based Strategic Wealth Partners is Carson's first foray into Pennsylvania.

Q4 2020 Top Fixed Income Mutual Funds
INVESTING MUTUAL FUNDS JAN 27, 2021
Q4 2020 Top Fixed Income Mutual Funds

Q4 2020 Top Equity Mutual Funds
INVESTING MUTUAL FUNDS JAN 27, 2021
Q4 2020 Top Equity Mutual Funds

Delaying RMDs would have minimal tax impact, study finds
RETIREMENT RETIREMENT PLANNING JAN 27, 2021
Delaying RMDs would have minimal tax impact, study finds

TIAA Institute research paper finds that even eliminating RMDs would have little effect on government revenues and says the effect on retirees depends on whether they have a bequest motive.