RBC Wealth Management, Transamerica and Ascensus have introduced a new pooled plan retirement solution for owners of small and midsize businesses.
Called the RBC Group Retirement Plan, it will be open to existing and start-up 401(k) plans and will be distributed solely through RBC Wealth Management, which will act as its Section 3(38) investment fiduciary. Ascensus’ FuturePlan will serve as the program’s third-party administrator and Section 3(16) plan administrator; Transamerica will be the record keeper.
The RBC GRP also includes a proprietary 100-point payroll data integrity check designed to prevent most common plan errors flagged in Department of Labor and IRS audits, RBC said in a press release.
The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.
Former Northwestern Mutual advisors join firm for independence.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
