Skip to main content

You are here

Advertisement

Ted Godbout

By Ted Godbout | 7/19/2019
Advisors previously were far less sanguine than plan sponsors about 401(k) plan participants’ retirement readiness, but those views appear to be converging.  With advisors less pessimistic and sponsors less optimistic, both sets of stakeholders now see the need to improve retirement outcomes for... READ MORE
By Ted Godbout | 7/19/2019
New research shows that small business plan participants are benefiting from enhanced plan design features, but some findings suggest that more can be done.  Vanguard’s sixth annual “How America Saves: Small business edition,” reveals that employees enrolled in plans with an automatic enrollment... READ MORE
By Ted Godbout | 7/18/2019
The Financial Industry Regulatory Authority has reached settlements with 56 broker-dealer member firms and obtained $89 million in restitution for nearly 110,000 charitable and retirement accounts resulting from its mutual fund fee waiver initiative.  According to FINRA’s July 17 announcement, all... READ MORE
By Ted Godbout | 7/18/2019
A key House committee has moved forward on a package of bills that, among other things, would expand the Securities and Exchange Commission’s civil monetary penalty authority and extend the statute of limitations for imposing such penalties.   The House Financial Services Committee on July 16... READ MORE
By Ted Godbout | 7/17/2019
A steady stream of trades in one direction made for the heaviest quarter of net trading since the third quarter of 2016, according to the Alight Solutions 401(k) Index. The firm’s second-quarter observations show that net transfers for the quarter were 0.61% of balances, compared to 0.50% for the... READ MORE
By Ted Godbout | 7/16/2019
The cost of investing in equity and hybrid mutual funds through 401(k) plans fell again in 2018, continuing a trend that has persisted for nearly 20 years.  In 2000, 401(k) plan participants incurred an average expense ratio of 0.77% for investing in equity mutual funds, but by 2018, that figure ... READ MORE
By Ted Godbout | 7/15/2019
Most DC plan sponsors feel a high level of responsibility for participants’ financial wellness, but a new survey finds that many are not taking proactive measures to position them for success.   J.P. Morgan Asset Management’s fourth biennial survey of U.S. defined contribution plan sponsors finds... READ MORE
By Ted Godbout | 7/15/2019
  Patrick Pizzella, the current Deputy Secretary of the Department of Labor, will take over as the Acting Labor Secretary in the wake of Alexander Acosta’s July 12 resignation.   Pizzella, who has served as the Deputy Secretary since April 2018, will likely serve as the Acting Secretary until a... READ MORE
By Ted Godbout | 7/15/2019
  The wealth management industry is facing a generational crisis, and the support younger advisors want to develop a successful practice looks very different from that of earlier generations, a new study emphasizes.    According to J.D. Power’s 2019 U.S. Financial Advisor Satisfaction Study, the... READ MORE
By Ted Godbout | 7/15/2019
A new multinational survey finds that retirement benefits are considered a top factor among individuals when deciding on a job offer, and a separate multinational survey contends a company’s workplace culture is just as important.   Survey results from Accenture covering 5,000 employees across 10... READ MORE
By Ted Godbout | 7/11/2019
The so-called Butch Lewis Act to address funding problems facing multiemployer pension plans continues to work its way through the legislative labyrinth, with a second House committee approving the legislation in recent weeks.    In what at times was a hotly debated markup session, on July 10 the... READ MORE
By Ted Godbout | 7/11/2019
Most DC plan sponsors feel a high level of responsibility for participants’ financial wellness, but a new survey finds that many are not taking proactive measures to position them for success.   J.P. Morgan Asset Management’s fourth biennial survey of U.S. defined contribution plan sponsors finds... READ MORE
By Ted Godbout | 7/10/2019
Closely correlated in the minds of plan sponsors, consolidating platforms and streamlining the advisor experience once again rank as the highest priorities, according to a new report by Cerulli Associates.   In fact, 90% of managed account sponsors surveyed identified simplifying and streamlining... READ MORE
By Ted Godbout | 7/9/2019
Wealth management M&A activity reached a new quarterly high in the second quarter of 2019, and could be on pace for another record year.  ECHELON’s M&A Deal Tracker report shows that there were 52 transactions recorded during the second quarter of 2019, surpassing the previous quarterly... READ MORE
By Ted Godbout | 7/5/2019
Despite economic growth and declining unemployment, new research suggests that cash-strapped Americans are failing to save for retirement, struggling with student loan debt and facing decreasing financial literacy. “The State of U.S. Financial Capability,” a national comprehensive study –from the... READ MORE
By Ted Godbout | 7/5/2019
  For many, the independent registered investment advisor (RIA) channel is as attractive as ever to brokers seeking greater control over their careers and their ability to serve their clients. According to TD Ameritrade Institutional’s “2019 Breakaway to Independence” survey, 44% of potential... READ MORE
By Ted Godbout | 7/5/2019
A new study finds persistent investor concerns that a recession is nearing, but most investors say they feel “prepared” if that happens.    According to the latest Wells Fargo/Gallup Investor and Retirement Optimism Index, a solid majority of investors (61%) describe the economy as “booming” or “... READ MORE
By Ted Godbout | 7/5/2019
One strategy that’s often recommended to increase plan contributions in plans without automatic enrollment is to “stretch the match,” but a recent study suggests that may not achieve the desired results. When plan sponsors stretch the match, they apply an existing dollar match to a higher... READ MORE
By Ted Godbout | 7/2/2019
  If your clients haven’t started factoring in how much they’ll need to cover health care costs in retirement, a new report might convince them to start doing so. Annual estimates about the potential cost of retiree health care produced by consulting firm Milliman show that a healthy 65-year-old... READ MORE
By Ted Godbout | 7/2/2019
More than 20 years after the last such overhaul, on July 1 President Trump signed into law bipartisan legislation to revamp the Internal Revenue Service. Among other things, the newly enacted Taxpayer First Act of 2019 (H.R. 3151)overhauls the IRS’s operations and tax administration systems and... READ MORE

Pages

Advertisement