Most independent advisors report satisfaction with their technology capabilities, but they still see opportunities for improved technology to better meet their practice goals.  According to survey results of more than 400 U.S. financial advisors, 83% argue that better technology tools would... READ MORE

Sustainable funds in the U.S. broke nearly every previous record in 2021, according to Morningstar’s annual Sustainable Funds U.S. Landscape report.  According to the firm’s data, sustainable funds attracted nearly $70 billion in net flows in 2021, which was a 35% increase over the previous record... READ MORE

U.S professionally managed assets grew nearly 11% year over year in 2020, and boast an 8% 10-year compound annual growth rate, according to a new report by Cerulli.  As a result, the total U.S. professionally managed market opportunity jumped to $59.3 trillion, from $53.5 in 2019.  Yet, while the... READ MORE

A new study identifies a set of scorable retirement income factors that can help define preferences for an overall retirement income style, which can point toward an appropriate retirement income strategy. In “Selecting a Personalized Retirement Income Strategy,” published in the Retirement... READ MORE

Financial advisors will need to adapt their business models to be prepared for the ever-expanding multigenerational wealth transfer set to occur over the coming decades, a new report advises.  In fact, multigenerational wealth transfer is one of the most significant factors affecting the high-net-... READ MORE

The ability of DC recordkeepers to build accurate, detailed participant profiles is key to serving clients’ overall financial needs, a new report from Cerulli suggests.    With recordkeepers having access to more participant data than ever before, and leveraging that data, they can help providers... READ MORE

Securities and Exchange Commission staff is developing recommendations targeted at strengthening the financial sector’s cybersecurity hygiene, the SEC chairman said Jan. 24.   Speaking before the Northwestern Pritzker School of Law’s Annual Securities Regulation Institute, Chairman Gary Gensler... READ MORE

With Wall Street having another banner year, 2021 apparently was the year of standing pat, as 401(k) investors were content to watch their balances grow, according to the Alight Solutions 401(k) Index. Net trading activity for the year was only 0.53% of balances, the lowest on record for the 401(k... READ MORE

Even with a long-term view of retirement among savers, the difficulties of the past year were enough to prompt changing outlooks on retirement and a significant shift in employment trends, according to a new survey.   Examining the attitudes and savings of working adults and retirees, Allspring... READ MORE