The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital and Atlas Merchant Capital.
CITs, which are bank products, have been gaining market share in 401(k)s for years, but they are not expressly permitted in 403(b) plans.
The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
While the people who took loans or withdrawals as a result of Covid-19 are in a better place financially, they feel behind in their saving.
After a six-day bench trial in U.S. District Court in the Southern District of Iowa Central Division, a judge ruled in favor of Principal on all counts. Salesforce also won a case, while a new one was filed against Kimberly-Clark, and another was settled by John Hancock.
The deal announced Thursday will add about $6 billion in assets across 71 retirement plans to Atlanta-based OneDigital Investment Advisors’ business.
The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare.
The legislation would bump up the annual contribution limit, taking it from the current maximum of $13,500 to $16,500. Sens. Susan Collins and Mark Warner note the proposed increase is the midpoint between SIMPLE plans and traditional 401(k)s.
While it's simple to choose annuity providers based on price and payout rates, those costs and rates can change frequently, so the best options today might not be as good in several years, a new report concludes.
It is no wonder, but certainly disappointing, that one of the industry’s most innovative providers, Prudential Retirement, is reportedly exploring a sale. That highlights how much record keeping has become a commodity focused on scale and costs.
The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.
Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans.
The results of a recent experiment show people saved more, spent less and felt more secure financially while saving as a group, according to the nonprofit Commonwealth.
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
Last year, there was a 27% uptick in the number of cases advisers working with the Foundation for Financial Planning reported.
Peter Vacheron and the team at IBG Financial Partners in Foxborough, Massachusetts, will join Hub’s retirement unit.
Advisers can utilize cutting-edge financial planning tools to help ease clients' concerns by showing them how they can save to cover medical expenses during retirement.
Unloading the business could bring in more than $2 billion, as CEO Charles Lowrey executes a three-year strategy to transform the business.
The pandemic has driven substantial divergence between innovative health care companies and those that have lost market share because of failing to address demands created by the spread of the virus.
In a set of frequently asked questions, the agency said a recommendation to rollover retirement funds from a company plan to an individual retirement account can be part of an ongoing client-adviser relationship and trigger a fiduciary standard of care.
