Skip to main content

You are here

News Archive

Advertisement

News Archive

Leaders of some of the nation’s largest advisory firms acknowledge that they face mounting challenges in identifying the right talent, expanding their talent pools and implementing initiatives that help drive diversity, according to a new poll.  For the third year in a row, hiring and developing... READ MORE
Compared to five years ago, social media has evolved into a critical tool for business development and client service among financial advisors.  According to the 6th edition of the Putnam Investments Social Advisor Study, 92% of advisors who use social media for business say it has helped them... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In Memphis, Tennessee, Joshua Scott told police that he had been carjacked… by a man who struck him in the face and stole his 2011 Nissan Sentra… Well, as it turns out,... READ MORE
The times they are a-changin’. At an exciting – and, perhaps in some ways terrifying – pace. But in order to compete, one must embrace and employ the dazzling attributes and developments of our dizzying age. An April 9 session of the 2019 NAPA 401(k) Summit offered ideas on how to do just that. ... READ MORE
Issuing an executive order designed to “promote private investment in the Nation’s energy infrastructure,” the Trump administration has called for a review involving retirement plan investments. The executive order directs the Secretary of Labor to, “within 180 days of the date of this order,... READ MORE
The 2019 NAPA 401(k) Summit, held April 7-9 in Las Vegas, got rave reviews from attendees, speakers and exhibitors alike. You can get a taste of the five general sessions and 34 workshop sessions (including peer-to-peer roundtable sessions) at the 18th annual 401(k) Summit from our next-day... READ MORE
Cetera® has entered into a definitive agreement to purchase select assets of Foresters Financial’s U.S. broker dealer and advisory business.  The transaction, subject to regulatory approval, is expected to close late in the second quarter of 2019. While financial terms of the transaction will not... READ MORE
Do you consider yourself too old for social media, or not experienced with it? Do you think it doesn’t apply to your business? Social media thought leader Spencer X. Smith suggests that you should suspend that disposition, because, as he contends, digital marketing has the power to grow your... READ MORE
Claiming that “Fidelity literally has lined its pockets with at least hundreds of millions of dollars in secret payments by and through self-dealing, other prohibited transactions and breaches of its fiduciary duties,” a third suit has been filed by a participant in a plan served by the... READ MORE
The parties in another long-standing excessive fee suit have come to terms – with some interesting twists in the terms of settlement.  The original lawsuit, filed in late 2015 in the Southern District of Indiana by the St. Louis-based law firm of Schlichter, Bogard & Denton, alleged that... READ MORE
So you think your data is safe? It probably isn't, as keynote speaker Kevin Mitnick, “the world’s most famous hacker” and bestselling author, demonstrated at the 2019 NAPA 401(k) Summit.   Mitnick, once on the FBI’s Most Wanted list, is now a trusted security consultant to Fortune 500 companies... READ MORE
Mergers and acquisitions (M&A) entail much more than mere dollars and cents – they’re also a death, a birth, a morphing, a creating. A panel at an April 9 session at the 2019 NAPA 401(k) Summit discussed some of the nuts-and-bolts aspects of melding two advisory firms into one.  Panelists for... READ MORE
Transamerica announced April 9 that Blake Bostwick will lead its Workplace Solutions business line as President.  A 17-year veteran with Transamerica, Bostwick previously led multiple functional areas for the company, including operations, marketing, product and technology. In his new role, he... READ MORE
Principal Financial Group has announced a definitive agreement with Wells Fargo & Company to acquire its Institutional Retirement & Trust businesses. Principal will assume ownership of Wells Fargo’s DC, DB, executive deferred comp, ESOP, institutional trust and custody, and institutional... READ MORE
While investors have been confronted with a range of contradictions, Bob Doll, Senior Portfolio Manager & Chief Equity Strategist with Nuveen Asset Management, told attendees at an April 8 workshop session at the 2019 NAPA 401(k) Summit to expect a “choppy and frustrating” 2019, but he does not... READ MORE
The digital age means more than just a universe of information in the palms of our hands. It also means that plans and those who serve them have powerful new tools to facilitate and drive retirement readiness. Behavioral economist Shlomo Benartzi, Senior Academic Advisor for the Voya Behavioral... READ MORE
Mergers and acquisitions are a normal part of corporate life. They bring opportunity, but they also pose challenges – and that applies to retirement advisors as well. “Merging Markets: Effective Advisory M&A,” an April 8 session of the 2019 NAPA 401(k) Summit, was the first of a two-part series... READ MORE
In today's increasingly diverse world, it's increasingly important for plan advisors to address ways to open the industry up to a more diverse workforce, advised panelists at an April 8 workshop session at the 2019 NAPA 401(k) Summit in Las Vegas. While there is still much work to be done overall... READ MORE
I’ve been working with retirement plans for my entire professional career, during which I have met, spoken with, and written to tens of thousands of plan sponsors. And yet, in all that time, and with all those people, I’ve not met more than a handful who had chosen that specific role as a career... READ MORE
Ascensus, the nation’s largest TPA, announced April 8 that its TPA Solutions division will become FuturePlan by Ascensus.  The division consists of 42 locations across the country servicing more than 34,000 plans with 30 different recordkeeping partners. Its expertise includes DC plans, DB plans (... READ MORE
In his April 7 keynote address at the 2019 NAPA 401(k) Summit in Las Vegas, Jeff Kreisler offered ideas on how psychology affects financial professionals’ relationships with clients. The complexity of money creates challenges, argued Kreisler, who is editor-in-chief at PeopleScience.com and... READ MORE
The National Association of Plan Advisors welcomed Jania Stout as its 2019-2020 President at the opening session of the 2019 NAPA 401(k) Summit in Las Vegas on April 7. Stout is Practice Leader and co-founder (in 2014) of Fiduciary Plan Advisors at Hightower, in Owings Mills, MD. Previously she... READ MORE
For plan advisors looking to take their business to the next level, the power of technology aggregation can have tremendous benefits, advised panelists featured in an April 7 workshop session at the 2019 NAPA 401(k) Summit in Las Vegas.  Lisa Buffington of Marsh & McLennan moderated a... READ MORE
NAPA Executive Director Brian Graff announced at the April 7 opening session of the 2019 NAPA 401(k) Summit in Las Vegas that the Plan Sponsor Council of America is unveiling a new credential: the Certified Plan Sponsor Professional (CPSP).  Graff, who also serves as CEO of the American Retirement... READ MORE
At the April 7 opening general session of the 2019 NAPA 401(k) Summit in Las Vegas, Preston Rutledge, head of the DOL’s Employee Benefit Security Administration, and NAPA Executive Director Brian Graff reported respectively on what EBSA and NAPA are anticipating in the coming year. Retirement plan... READ MORE

Pages

Advertisement