Four years ago, a financial adviser got a call from a prospect who did not want to disclose any information over the phone. At the in-person meeting, the woman and her husband told the adviser that she had won a $1.2 million jackpot.
Arkansas and Michigan become the latest states to adopt the National Association of Insurance Commissioners model rule
Ongoing consolidation has been good for some aggregator firms, but others are being left out.
The forthcoming plans present challenges and opportunities, record keepers say
The strategy is seen as an opportunity to help train younger advisers and prospect for wealth management clients.
Combining financial wellness with traditional wellness programs can highlight their value, according to guests at a recent RPA event.
A CARES Act provision that encourages companies to repay their workers' student loans would be available for another five years
Guests at the RPA Convergence Broker-Dealer Roundtable and Thinktank say it might be a while before annuities are used in many plans.
A small section of Tuesday's spending bill will help some employers avoid partial plan terminations
Industry consolidation, financial wellness, data and new ways to work in the pandemic reality were among things on attendees' minds at the latest RPA event
Record keepers lament the tendency for many plans to stay put, but big 401(k)s are often priced so low that no one bids for them
The measure follows legislation that would let nonprofits participate in pooled employer plans
The settlement includes $4.4 million in restitutions to harmed customers over the sales of unsuitable VA, mutual fund and 529 products
Requesting a lump payout can make sense for some people.
The new interpretation on the definition of advice has some benefits for plan advisers, and it will be in place even if the rule is halted
Participants contributed 7.6% of their pay, while employers put in 5.3%, the survey finds
Consolidation in this business gives opportunities and challenges, guests at the RPA Convergence Roundtable and Think Tank said.
People are tacking on nearly $2,000 to credit card balances pay for holiday presents, a survey found
No retroactive payouts are available before full retirement age
The rule's effective date falls after the Biden administration comes into power, meaning its ultimate fate remains unclear
