Top 25 401(k)s for NYC-Based Companies: Where Are the Big Banks?
Say goodbye to BlackRock, Goldman Sachs, Morgan Stanley and other finance giants—this year's list of the best plans is seriously competitive.
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: Beale, Kayajanian Join Security Benefit; DOL Picks New ERISA Council Members
This week in new hires, Security Benefit welcomed George Beale and Jeffrey Kayajanian, CapWealth named Phoebe Venable president and COO, and the DOL named five new ERISA Advisory Council members.
Warning on VAs to Advisors: Be Afraid. Be Very Afraid.
Glenn Daily, insurance expert and variable annuity dissenter, says the complexity of these products’ guaranteed benefits is beyond most advisors’ ability to assess.
Best and Worst 529 College Plans for 2012: Morningstar
What’s striking this year is the big pool of winners, a reflection of the improvement in the 529 industry since it hit bottom in 2008—and seven of the 27 medalists are advisor-sold.
Madame Ex: Advising ‘Gray Divorcees’
We all know the cliché of the older divorcing couple: The husband, in the throes of a midlife crisis, dumps his aging wife for a younger cutie. But Boomers are turning this cliché on its head.
Public Sector Employees Lack Retirement Confidence, Despite DB Plans
Over one-quarter of public sector employees are not confident they’ll have enough money for a comfortable retirement, according to a study by the Center for State and Local Government Excellence and TIAA-CREF.
TDF Trends: Falling Fees, Blossoming Asset Diversity
BrightScope and Target Date Analytics recently released their newest study in the “Popping the Hood” series, providing a detailed analysis of TDFs and fund families.
No Jargon, Please: Think 401(k) Investors Know What ‘Fund’ Means? Think Again
Plain English, it turns out, is the key to getting employees to save more for retirement, says a survey of retirement plan participants released by State Street Global Advisors.
New Hire Roundup: Orizon Joins Mariner
This week in new hires, Mariner Wealth Advisors announced its acquisition of a majority interest in Orizon Investment Counsel’s wealth management division, and Lynne Ford joined Calvert Investments.