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John Ortman
By John Ortman | 5/1/2014
Goldman Sachs Asset Management will acquire smart beta specialist Westpeak Global Advisors, P&I reports. The deal is expected to close in June. The entire Westpeak team will join GSAM and will continue to be based in Boulder, CO. GSAM has $956 billion in assets under management; Westpeak had $...
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By John Ortman | 4/30/2014
Wealth Management Systems Inc. (WMSI) announced today that it has launched the Small Business Retirement Plan Comparison Calculator within Pershing's NetX360 Retirement Resource Center. This new tool helps advisors to support small business owners in evaluating retirement plan options, choosing a...
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By John Ortman | 4/29/2014
Last week’s top five most-read posts on NAPA Net reflected keen interest in the high number of acquisitions in the DC industry over the last year, Jerry Bramlett’s take on valuation-aware portfolios, FINRA’s proposed rule on reporting recruiting bonuses, the top dozen compliance errors in DC plans...
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By John Ortman | 4/29/2014
BlackRock has expanded its proprietary CoRI retirement suite, enhancing the online tool with a new feature that helps pre-retirees identify savings and investment strategies that can help plan for income goals in retirement.The tool enhancement further advances the usefulness of the CoRI suite, a...
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By John Ortman | 4/28/2014
As part of its commitment to plan advisors, ADP® has introduced “IPS Zero,” an investment platform designed to appeal to advisors who employ a fee-for-service structure with their retirement plan clients and plan sponsors who want simplified fees. With IPS Zero, advisors and their clients can...
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By John Ortman | 4/27/2014
Sometimes a participant can be caught between a rock and a hard place when a qualified plan loan must be repaid upon termination of employment. A recent IRS private letter ruling provides a good illustration, notes a Bryan Cave analysis.Most plans provide that a qualified plan loan must be repaid...
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By John Ortman | 4/25/2014
A DOL investigation can be time consuming, expensive and potentially damaging to your reputation if the DOL concludes that you have violated an ERISA requirement. But it doesn’t have to be about fear at all, notes David N. Levine, a principal with the Groom Law Group, Chartered, in Washington, DC....
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By John Ortman | 4/25/2014
UBS Wealth Management Americas has hired Andrew Duren as Head of Institutional Consulting & Retirement Program Administration and Operations. Duren, a 25-year industry veteran, joins UBS from Graystone Consulting. He will be responsible for the business operations and administration of the firm...
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By John Ortman | 4/24/2014
John Hancock Retirement Plan Services has hired Margaret (Peggy) Santhouse as vice president, National Accounts, responsible for its mid-market distribution relationships with major consulting, advisor and RIA organizations. She will report to George Revoir, senior VP, Distribution.“We are...
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By John Ortman | 4/22/2014
Last week’s top five most-read posts on NAPA Net reflected keen interest in TIAA-CREF’s acquisition of Nuveen, Victory’s acquisition of Munder Capital, Jerry Bramlett’s take on an advisor’s value-add when it comes to large-cap value, the latest chapter in Detroit’s bankruptcy saga, and the...
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By John Ortman | 4/21/2014
Join NAPA’s Executive Director/CEO Brian Graff and Director of Government Affairs Ronald J. Triche on April 22 for an in-depth discussion of pressing regulatory and legislative issues affecting plan advisors. In this 60-minute, complimentary member-only webcast, Graff and Triche will update NAPA...
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By John Ortman | 4/18/2014
More than brand, technology, service, products or even Morningstar ratings, a plan advisor usually chooses a provider — especially a DCIO — based on the quality of their local wholesaler. What separates the truly elite DC wholesalers from the rest of the pack?In the cover story of the Spring issue...
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By John Ortman | 4/11/2014
Recent studies have highlighted the importance of adequately factoring in Americans’ increasing longevity in retirement planning, most often focusing on the cost of health care in retirement. That focus on health care, however, “is overshadowing a very tangible and personal challenge that needs to...
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By John Ortman | 4/2/2014
Proposals to create new government-run retirement plans for private sector employers are sprouting in state capitals all over the country. The focus on auto-IRA programs, starting with California’s, is just one example of this emerging trend. What’s behind the push for new government-run retirement...
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By John Ortman | 4/1/2014
Rep. Dave Camp (R-MI), chairman of the House Ways & Means Committee, announced March 31 that he will not seek reelection this year. In a statement announcing his retirement from the House at the end of the current congressional term, Camp indicated that his goals for the remainder of his term...
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By John Ortman | 3/31/2014
The 2015 NAPA 401(k) Summit, held March 22-24 in San Diego, got rave reviews from attendees, speakers and exhibitors alike. You can get a taste of the five general sessions and 24 workshop sessions at this year’s Summit from our next-day coverage of the event: NAPA Launches Fiduciary Advisor...
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By John Ortman | 3/28/2014
Where is the next generation of plan advisors going to come from? To answer this question and highlight the next generation, NAPA is launching its own version of “40 under 40” — the 40 top DC plan advisors under 40 years old. NAPA members will nominate and vote for them, and we will feature the top...
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By John Ortman | 3/26/2014
It’s been two weeks since the DOL issued its proposal to require a new 408(b)(2) fee disclosure summary, and we’re now starting to see the deeper, “second-day” analyses from the law firms that serve the retirement plan market. One of the best of these deeper dives, from the Groom Law Group,...
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By John Ortman | 3/26/2014
There's good news and there's bad news on the IRA rollover front. The good news: The regulatory agencies and industry groups with jurisdiction over IRAs — the DOL, the SEC and FINRA — seem to be getting on the same page, diminishing the likelihood of conflicting mandates from multiple regulators....
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By John Ortman | 3/26/2014
Next month, ASPPA and NAPA are converting to a new e-commerce platform that will make purchasing educational products and registering for events easy and seamless. To prepare for this change, ASPPA will be upgrading many of the systems running behind the scenes between tomorrow, March 28 and April...
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