On July 29, the Government Accountability Office (GAO) published findings from a recent study undertaken at the request of retiring U.S. Rep. George Miller (D-Calif.). The report, “401(k) Plans... Read More
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Managing a Practice
BY Fred Barstein | 7/30/2014
The hybrid model for advisors is growing quickly, especially in the DC market. But will that trend catch on with broker dealers? According to a report in RIABiz, results at Wells Fargo’s... Read More
BY Jerry Bramlett | 7/30/2014
In a recent article in The New York Times, “In Investing, 'When' Matters Just as Much as 'What,'” the author illustrates a hard truth about investing: When investors start... Read More
BY John Adams | 7/30/2014
Nationwide Financial is now offering the Nationwide Diverse Managers Fund (NWWFX) to retirement plan clients. The fund seeks to provide capital appreciation and income by investing in a globally... Read More
BY John Ortman | 7/28/2014
Is there good reason to fear robo-advisors? While Vanguard is getting traction with their $13 billion Vanguard Personal Advisor Services, and Schwab is preparing to step up to the... Read More
BY Fred Barstein | 7/28/2014
While traditional financial advisors might scoff at the viability of pure robo-advisors, even with an estimated $15.7 billion AUM, it’s hard to ignore the efforts of indexing giant Vanguard and... Read More
BY John Iekel | 7/28/2014
Behavioral finance expert and Swiss professor Thorsten Hens is refining behavioral finance tools to make it possible for advisors and financial institutions to use them in an even more precise manner... Read More
BY Fred Barstein | 7/28/2014
It has been reported that three 401(k)Advisors staffers joined Bill Chetney’s newly formed Global Retirement Partners OSJ, which is affiliated with LPL, late last week. Earlier this month,... Read More
BY Fred Barstein | 7/25/2014
Hundreds of millions of dollars are spent on supplying advisors and broker dealers with value-added services and tools for free by providers. But what’s their impact? A new study by Chatham,... Read More
BY Jon Vogler | 7/25/2014
A policy change affecting inherited, or “stretch,” IRAs — which currently allow distributions to be extended over the life of the beneficiary, potentially many years for young... Read More
BY Fred Barstein | 7/24/2014
Claiming that he’s more hurt than angry with Financial Telesis founder Jim Williams for selling his firm to LPL, RPAG CEO Vince Giovinazzo said that his firm was scrambling to help RPAG members... Read More
BY Fred Barstein | 7/24/2014
The SEC adopted new rules affecting the $2.6 trillion money market industry July 23, imposing a floating NAV like other mutual funds rather than a fixed $1 value. The purpose of the rules is to alert... Read More
BY Don Trone | 7/24/2014
ERISA requires fiduciaries to demonstrate their procedural prudence. Besides being a legislated and regulated requirement, it also makes good business sense. We can reduce the risk associated with a... Read More
BY John Adams | 7/24/2014
Voya Financial, Inc. has launched myOrangeMoney, the latest in the company’s suite of retirement readiness capabilities, which allows individuals to see how accumulated savings translate into... Read More
BY John Ortman | 7/24/2014
Transamerica Retirement Solutions has appointed Bill Feldmaier as division vice president for the company's central region retirement plan sales. Feldmaier will lead Transamerica's team of... Read More
BY Fred Barstein | 7/23/2014
In another indication of how mainstream and important 401(k) plans have become, Bloomberg has jumped into the market, ranking the plans of the 250 largest companies. Using 2012 DOL data, reporters... Read More
BY John Adams | 7/23/2014
BlackRock has recently published new research exploring the economics supporting a “to” approach to target date funds rather than a “through” approach, or reaching the final... Read More
BY John Adams | 7/21/2014
MassMutual Retirement Services has appointed eight new relationship managers, making for a total of 98 managers who serve more than 36,000 retirement plans. The appointments are part of a plan to... Read More
BY Nevin E. Adams, JD | 7/18/2014
I’ve been hooked on the convenience of GPS systems since the first time one was included in the price of a rental car on a family trip in unfamiliar territory. There are, of course, horror... Read More
BY John Ortman | 7/18/2014
Joseph Dunbar has joined SageView Advisory Group’s not-for-profit team as an investment adviser based in the firm’s Boston office. He will focus on building out financial wellness... Read More
BY Thomas Rowley | 7/17/2014
Recently my oil indicator light in my car blinked on, confronting me with a critical decision — take care of it immediately or risk serious damage. Ditto when brake or coolant warning lights... Read More
BY John Ortman | 7/15/2014
Are graft and fraud the next big thing for state pension plans? An industry segment already beset by massive underfunding, bankruptcy court proceedings and other litigation, politics and pension envy... Read More
BY John Iekel | 7/15/2014
Beware: July 31 is right around the corner. That’s the day by which most plans must file the dreaded and onerous Form 5500. The clock is ticking on filing the form that reports on 2013.... Read More
BY Michael Bushnell | 7/14/2014
Envestnet Retirement Solutions, a leading provider of unified retirement technology and services to retirement advisors, has completed its acquisition of Klein Decisions Inc. Klein is a firm that... Read More
BY John Iekel | 7/14/2014
More than one-third of RIAs have doubled their assets under management since 2009, according to a new Charles Schwab study. In “The Power of the Independent Advice Business Model,” Schwab... Read More
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