The number of registered investment advisers, the clients they serve and the assets they manage all reached records in 2021, according to the Investment Adviser Association.
The bill would raise the RMD age from 72 to 75, increase catch-up contributions and allow retirement plan matches for student loan payments. It will be combined with another recently advanced Senate measure.
The measure would raise the required minimum distribution age, increase catch-up contributions for people between 60 and 63, and enable workers to withdraw emergency funds from plans, among its many provisions.
The agency has released a request for public comment to assess whether they're offering investment advice rather than just information and should be regulated as advisers.
The Senate confirmed Jaime Lizárraga, who fills the Democratic seat of departing Commissioner Allison Herren Lee, and Mark Uyeda, who replaces former Republican Commissioner Elad Roisman.
Investor advocates differ on whether the case against brokers selling risky bonds — L bonds offered by GWG Holdings — fulfills Reg BI's investor-protection promises.
The bill would more than double the 0% tax bracket for long-term capital gains and dividends, but its political prospects in the Democratic-controlled Congress are cloudy.
The unanimous voice vote adds to momentum for Congress to pass SECURE 2.0 by the end of the year.
The measure is likely to become part of a larger Senate counterpart to the comprehensive retirement savings bill known as SECURE 2.0 that was approved in the House earlier this year.
Gerber will help oversee the Thrift Savings Plan, a defined-contribution program for 6.2 million federal workers that is now offering ESG options.
