Target-Date Funds Boost Assets but Underperform in Q2: Morningstar
The industry continues to lower expenses as passive management grows in popularity.
TDFs Most Popular Among Women, Young Investors
More than half of millennials' savings were in asset allocation accounts in the first quarter, MassMutual found.
Middle-Class Retirement ‘Under Siege’: IMCA 2014
The middle class is burdened by unemployment, debt and a sluggish housing market, Marcia Wagner, of the Wagner Law Group, said at the IMCA conference.
Tax Planning Tool Shows Impact on Retirement Plans
MassMutual launched a tool for advisors working with small business owners to help show their clients the way tax changes that take effect this year will impact their retirement plans.
New Hire Roundup: Commonwealth Named as a Top Place to Work—Again
This week in new hires, Commonwealth Financial Network once again made the Boston Globe’s list of top places to work in Massachusetts; Ellen Turf announced she would depart NAPFA next year; and Intech announced a new hire and promotions.
The Hartford to Exit Retirement-Plans Biz
The Hartford Financial Services Group agreed to sell its Retirement Plans business to Massachusetts Mutual Life Insurance Co. for $400 million in early September.
The Hartford Sells Retirement Plans Unit to MassMutual in $400 Million Deal
The agreement marks the second of three planned business sales, says Chairman, President and CEO Liam McGee.
New Hire Roundup: Casares Joins Genworth; Stratos Adds Three
This week in new hires, Rico Casares joined Genworth Wealth Management, and Stratos Wealth Partners welcomed three advisors to two new offices.
MassMutual Introduces Pension Scorecard to Compare LDI, Traditional Portfolios
MassMutual announced that it had launched a pension funding scorecard that allowed its defined-benefit plan sponsors and advisors to compare the quarter-by-quarter performance of a liability-driven investing portfolio with a traditional 60% equity/40% fixed income portfolio.
New Hire Roundup: Dubois and Wassmann Join LPL; Jenks Goes to Putnam; Adams to EBRI
This week in new hires, Dubois and Wassmann join LPL; Stephen Jenks went to Putnam Investments; Nevin Adams joined EBRI; Donald L. McDonald became CEO at Prime Advisors; HighTower brought in Ann Rieder; and Barclays added 6 new advisors.