Franklin Templeton has hired 25-year industry veteran Drew Carrington as Senior VP and head of its Defined Contribution – Institutional group based in San Mateo, CA. Carrington will report to Scott... Read More
Advertisement
Service Providers
BY NAPA Net Staff | 10/14/2013
John Hancock Retirement Plan Services recently announced the John Hancock Partnership Program, which will provide plan consultants with a one-time payment to help defray the costs incurred by a plan... Read More
BY NAPA Net Staff | 10/11/2013
A MassMutual national survey of American workers who are eligible to participate in an employer-based DC plan found there is a growing incidence of individuals utilizing social media to learn about... Read More
BY Fred Barstein | 10/3/2013
And the beat goes on. DC record keeping fees continue to decline sharply, according to a study of larger plans by consultant NEPC. Even as account balances continue to rise under favorable market... Read More
BY Fred Barstein | 10/1/2013
These are heady days for established mutual fund providers in the DC market, with an increase of almost 18% for the 12 months ending June 30, according to a P... Read More
BY Fred Barstein | 9/30/2013
At this past weekend’s LPL Retirement Partner Group meeting, 350 plan advisors gathered in Colorado Springs, including many of the 105 advisors recruited in 2013. Bill Chetney, SVP and group leader,... Read More
BY Fred Barstein | 9/18/2013
As part of the process by ING US to become more independent, the parent company recently announced its intent to sell stock currently held in an S1 filing with the Securities and Exchange Commission... Read More
BY Fred Barstein | 9/9/2013
While the tone and tenor of the “love letters” from Yale Law School Prof. Ian Ayres caused the retirement industry to question the letters’ effectiveness and Ayres’ intent, Kathleen McBride of... Read More
BY Fred Barstein | 9/6/2013
Compliance TPAs working with larger record keepers can be a valuable resource for advisors looking to improve their business in quantifiable ways. As the most popular service model for plans under $5... Read More
BY Fred Barstein | 9/6/2013
How do fund companies love advisors? Cogent actually counted the ways, outlining the seven most popular means of contact. So if advisors feel like they’re being overwhelmed by investment managers who... Read More
BY Fred Barstein | 8/27/2013
In a highly unusual move, T. Rowe Price has permanently banned 2,000 participants in the American Airlines 401(k) plan administered by J.P. Morgan from trading in the four funds available on the menu... Read More
BY Fred Barstein | 8/26/2013
A few providers are offering a service that levelizes fees for all participants and are claiming that this service will become popular and important with plan sponsors. The issue is that participants... Read More
BY Fred Barstein | 8/20/2013
Bucking industry trends and their own longstanding philosophy, Edward Jones will soon start selling a proprietary product on their $90 billion RIA platform. The fund, Bridge Builder Bond, will be... Read More
BY Fred Barstein | 8/19/2013
Bank of America, Merrill Lynch’s parent, is considering dissolving Merrill Lynch in Q4 just short of its 100th anniversary. Though the brand will remain and no negative impact is expected on advisors... Read More
BY Fred Barstein | 8/15/2013
As if the news is not bad enough for record keepers (especially regarding several recent court decisions), one legal expert at Drinker Biddle questions whether these service providers may need to... Read More
BY Fred Barstein | 8/13/2013
With assets growing to a record $4.23 trillion in 2012, who are the top 10 money managers in the DC market? Assets under management range from $523.9 billion for the top provider to $81.9 billion for... Read More
BY Fred Barstein | 8/2/2013
While retirement income products struggle to gain significant traction in DC plans, BlackRock has announced 10 indices to help people approaching retirement calculate how much their savings will... Read More
BY Fred Barstein | 7/24/2013
People are watching the Detroit bankruptcy filing carefully, wondering whether it is the start of a trend for other cities and municipalities in financial trouble – many driven by underfunded pension... Read More
BY John Ortman | 7/15/2013
Yesterday we posted about Walt Bettinger, Schwab’s CEO, lamenting how the current system is rigged against individuals buying stocks ("Individual Investors Flee Stocks"). As we noted, Bettinger is... Read More
BY Warren Cormier | 7/2/2013
Since 2000, the Boston Research Group’s DCP studies have been measuring plan sponsors’ loyalty and satisfaction with their record keepers and advisors (i.e., providers). The Number 1 driver of... Read More
BY Warren Cormier | 7/1/2013
Since 2000, the Boston Research Group’s DCP studies have been measuring plan sponsors’ loyalty and satisfaction with their record keepers and advisors (i.e., providers). The Number 1 driver of... Read More
BY John Ortman | 6/18/2013
Now that the back end of the record keeping business is fully commoditized, a significant portion of the competition for business is now based on fees for services. This is never a good sign — just... Read More
BY Fred Barstein | 6/17/2013
Who are the top 10 DC record keepers? This question and others are answered in the PlanSponsor’s 2012 annual survey now in its 15th year. Along with top 401(k) record keepers, the top 403(b), 457,... Read More
BY Fred Barstein | 6/12/2013
For participants in plans managed by Vanguard, the news was very good at the end of 2012. Account balances grew by 10%, with the median growing 67% since 2007, the worst investment period in recent... Read More
BY Fred Barstein | 5/30/2013
According to a recent Barron’s article, ING may be a legitimate candidate for a takeover. The article cites a report by a BTIG analyst who thinks the stock is undervalued. ING, now trading as Voya,... Read More
Recent Comments