Coming Soon to RIAs: More Sales Calls From Asset Managers
More than 6 in 10 asset managers have a sales force dedicated to RIAs, up from less than half last year, reported kasina.
Over Half of House Democrats Call for Changes in DOL Fiduciary Plan
A comment letter signed by 96 House Democrats asks for a less prescriptive approach to fiduciary regulation.
Rivals Question Betterment’s New 401(k) Platform
Betterment's robo-advisory platform is raising questions in the 401(k) plan industry ranging from the use of ETFs to compliance with DOL’s QDIA disclosure requirements.
Is Market Volatility Spooking 401(k) Investors?
Balances in 401(k) accounts dropped due to recent volatility and unusual trading volume. Here's what happened and how recordkeepers dealt with nervous sponsors.
Early Social Security Claims Are Hurting Retirees
The vast majority of recent retirees are claiming Social Security benefits earlier than full retirement age, and it’s costing them significantly, a new study shows.
Huge Turnover of 401(k) Plans Possible in 2016
Providers of 401(k) plans will need to be prepared to defend their work — many plan sponsors are doing formal reviews next year, Cogent reports.
RIAs Continue ETF Push in Retail Market
Fee-based RIAs, who can deploy low-cost solutions without affecting their revenues, were a major driver of ETFs in Q2, Broadridge found.
Evensky: Fee-Only Advisors Face Annuity Dilemma
Fee-only pioneer Harold Evensky says fiduciary advisors will be obliged to recommend annuities — even if it means they won't get paid on those assets.
SEC’s Gallagher Doubts DOL’s Willingness to Listen
The proposed fiduciary rule is based on a "misguided notion" that fee-based compensation is always superior, the commissioner says.
Pension De-Risking Now Has IMF’s Attention
The trend of de-risking corporate pension plans calls into question the viability of the insurance companies that assume the obligations, an IMF report says.