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NAPA Net Staff

By NAPA Net Staff | 6/1/2023
CAPTRUST Financial Advisors has announced the acquisition of Fort Worth, TX-based Omega Wealth Partners and its more than $710 million in assets under management. Omega is co-owned by Tom Hardgrove, John Dickens and Tammy Bryant, who will join CAPTRUST along with six additional colleagues,... READ MORE
By NAPA Net Staff | 5/31/2023
Labeled as the first acquisition of its kind for the firm, Mariner Wealth Advisors announced that it recently acquired financial wellness-benefit firm Spring. With more companies looking to add financial wellness benefits, the acquisition has led to the creation of Mariner Financial Wellness, a... READ MORE
By NAPA Net Staff | 5/25/2023
Retirement Clearinghouse, a Charlotte, NC-based firm, which helps to automatically move participant’s retirement account balances from a former employer to their new employer, has notified individuals in various states of a data breach.   As many as 10,509 individuals may have had their personal... READ MORE
By NAPA Net Staff | 5/24/2023
A new report finds that managed account investors were older, longer tenured and had higher balances than single target-date fund (TDF) investors—and those aren’t the only differences. With information drawn from Vanguard’s forthcoming How America Saves 2023, the report finds that in the past 10... READ MORE
By NAPA Net Staff | 5/23/2023
Global fintech leader Broadridge Financial Solutions announced that it is bringing its retirement and workplace services together under one unified brand name. Now called Broadridge Retirement and Workplace, the new name combines Matrix Financial Solutions and Fi360 Solutions under a single brand... READ MORE
By NAPA Net Staff | 5/22/2023
NFP recently announced that it has appointed Joel Shapiro as president of its Retirement division. Shapiro has three decades of industry experience including 13 years in senior leadership roles with NFP’s Retirement division, most recently as senior vice president, ERISA Compliance. Meanwhile,... READ MORE
By NAPA Net Staff | 5/19/2023
To better help their participants address more complex financial needs and prepare for retirement, John Hancock Retirement has launched a dynamic investment feature available to new clients converting from an existing plan.   During plan conversion, participants typically are automatically... READ MORE
By NAPA Net Staff | 5/18/2023
There’s little argument that retirement income solutions are a need – but no real consensus that providing it is, or should be, a plan sponsor’s responsibility. Nevin (Adams) & Fred (Reish) discuss what's (still) standing in the way...  Indeed, it’s ironic that programs (like 401(k)s)... READ MORE
By NAPA Net Staff | 5/17/2023
As part of its continued growth in the U.S., Vontobel Asset Management announced that it has hired Peter Whitman to join the U.S. Intermediary team and lead its sub-advisory efforts. Whitman brings nearly 30 years of business development experience with an established track record across... READ MORE
By NAPA Net Staff | 5/16/2023
Advisors work with a variety of recordkeepers across different market segments, and in support of plans of all sizes and complexities. As such, they are extraordinarily well-positioned to compare and evaluate the strengths (and weaknesses) of this critical service – and their collective opinion... READ MORE
By NAPA Net Staff | 5/16/2023
JULY Business Services announced that it has entered into an agreement with Heartland Financial USA subsidiary Dubuque Bank and Trust Company, and its division HTLF Retirement Plan Services (HTLF) to acquire its recordkeeping and administration business. The transaction is JULY’s third of 2023,... READ MORE
By NAPA Net Staff | 5/12/2023
Talk about a timely topic—the passage and adoption of state-facilitated retirement savings programs (usually auto-IRAs) continues, with the latest, Minnesota, happening in mid-May. It’s something that the Center for Retirement Initiatives (CRI) at Georgetown University’s McCourt School of Public... READ MORE
By NAPA Net Staff | 5/9/2023
An important reminder that the deadline to vote for your top DC wholesaler is fast approaching—Monday, May 15, 2023. Don’t miss out on your chance to recognize the defined contribution (DC) wholesaler that’s helping to grow, build, and even manage your practice. Here’s your chance to tell them how... READ MORE
By NAPA Net Staff | 5/8/2023
Sponsored By: What’s happening with lifetime income products in retirement plans? It’s a loaded question and a major topic but thankfully, we have Brendan McCarthy here to help us sort it all out. McCarthy, Head of Retirement Investing at Nuveen, is on the front lines of the retirement income... READ MORE
By NAPA Net Staff | 5/8/2023
HSA Bank, a division of Webster Bank, recently announced that it will offer an employer-provided tuition reimbursement benefit solution that can help employees pay for their degree, tuition, specialized training and other costs associated with ongoing education. According to the announcement, the... READ MORE
By NAPA Net Staff | 5/8/2023
The Plan Sponsor Council of America, part of the American Retirement Association, last week announced the winner of its Lifetime Achievement Award, as well as Signature Awards winners, at its National Conference in Orlando, FL. Annette Grabow was named by PSCA as the recipient of the 2023 Lifetime... READ MORE
By NAPA Net Staff | 5/5/2023
Nominations are now being accepted for the American Retirement Association’s 2024 Board of Directors. Elected at-large members of the Board of Directors serve for one term of three calendar years. Nominees must be nominated by at least two members to be considered. Submit a nomination today!  READ MORE
By NAPA Net Staff | 5/5/2023
What’s happening with employer-sponsored retirement plans and where are current trends headed? Participation and deferral rates, auto enrollment and escalation, hardship withdrawals and loans—it’s tough to keep track. The Plan Sponsor Counsel of America’s (PSCA) 66th Annual Survey provides this... READ MORE
By NAPA Net Staff | 5/4/2023
On April 3, the Nevin & Fred podcast went on the road to San Diego for a live appearance in front of a standing room only crowd at the NAPA 401(k) Summit. Here’s part 2 of that live episode.     In this episode, the discussion about favorite sections of SECURE 2.0 continues, including:... READ MORE
By NAPA Net Staff | 5/3/2023
Pointing to greater interest and traction for its suite of in-plan guarantee solutions, Nationwide recently announced that it has made Income America 5ForLife available for managed account programs on its platform. According to the announcement, Nationwide will provide two ways for plan sponsors... READ MORE