New Hire Roundup: Principal Financial Names Houston President, COO
Meanwhile, iCapital Network has added a senior vice president and vice president of fund manager due diligence.
Top Portfolio Products: iShares Introduces Currency-Hedged ETFs
WisdomTree launches floating-rate Treasury ETF, while Direxion rolls out an MLP high-income product.
New Hire Roundup: CFPB Names Antonakes Deputy Director
Justin Frys became a branch manager for Zeigler in Minnesota, and Chad Parks joined Beacon Research as sales director.
New Hire Roundup: Benartzi to Serve as Achaean Academic Advisor
This week in new hires, Achaean Financial announced that Professor Shlomo Benartzi would become its first academic advisor, and Michele Wein Layne was named regional director of the SEC’s Los Angeles regional office.
Americans Physically, Not Fiscally Fit
Americans feel they’re in good shape physically but don't have them same confidence about their financial health.
Advisors Wanted: 403(b) Plans Need ‘Modernizing’
Aaron Friedman of Principal Financial says that in areas like investment options, investment policy statements and participant education, advisors have a role to play in “modernizing” 403(b) plans.
Weighing Buckets vs. Systematic Withdrawals for Retirees
One of the key strategic decisions advisors who work with retiring clients face is whether to use systematic withdrawals or the “bucket” approach to serve retirement investors. An analysis reveals that one approach is psychologically more satisfying while the other offers superior financial results.
Big Opportunity in Small 403(b) Plans
Aaron Friedman, national nonprofit practice leader for the Principal Financial Group, says it is the smaller plans that have not refined their investment lineups or matched the level of participant education where advisors can add the most value.
Deficit Tax Proposals Would Radically Change 401(k)s: EBRI
If enacted, two major tax-reform proposals aimed at shrinking the federal deficit would reduce 401(k) plan contributions and likely send retirement account balances tumbling, according to the nonpartisan EBRI.
The Great Retirement Rethink
Retirement was once such a tidy thing. You worked, you saved, you retired. Not anymore. As an affluent investor in a new study by Hearts & Wallets puts it: “I don’t think retirement is the buzzword it once was. ‘Okay, yeah right, retirement. Okay, yeah right, I’ll win the lottery.’...