Stark Statistics, Glimmers of Hope at DC Retirement Summit
The bad news: 4 out of 10 older Americans have no retirement savings. The good news: those with employer retirement plans are far more ready to retire. The challenge: getting Congress to act and lower-income savers to prepare.
3 Steps to Shore Up Retirement Security: Putnam CEO Bob Reynolds
Putnam Investments CEO Bob Reynolds hasn't been shy about decrying America’s broken retirement savings system, and now he offers three steps to help fix it.
Target-Date Funds Shrink in Number, but Popularity Is Growing
BrightScope and Target Date Analytics said in their “Popping the Hood VI” report that TDF assets are likely to quadruple by 2020.
Retirement Research Roundup: Savings, Not Income, Biggest Driver of Retirement Success
Americans are on track to replace about 61% of their income in retirement, a Putnam survey found.
LPL Names Russell’s Parker to Lead Investment and Planning Solutions
Parker will be based in San Diego and report to Robert Moore, the firm’s president of advisor and institution solutions.
New Hire Roundup: Christian Brothers Appoints Four
This week in new hires, Christian Brothers Investment Services announced four key appointments, and American Century welcomed Joseph Schultz.
Top Portfolio Products: Putnam Launches 6 New Funds
Other new products include new retirement share classes for seven of Neuberger Berman’s funds and an Islamic index series from Russell.
Advisors Big and Small Hitch on to Branding Trend
From LPL to Putnam to FPA members, advisors and the firms that serve them are seeking ways to do a better job of promoting themselves.
New Hire Roundup: Putnam Names New GAA Leadership Team
This week in new hires, Putnam announced a new leadership team for its global asset allocation organization, and Steve Antonakes became acting deputy director of the Consumer Financial Protection Bureau.
New Hire Roundup: LPL Financial Welcomes Lochan
This week in new hires, Brendt Stallings and Husam Nazer joined DoubleLine, the MSRB board announced that it is looking for a few good applicants, and Citi named two new co-presidents.