Beacon Capital Management is offering advisors who currently work with Curian Capital Advisors and are seeking an alternative RIA partner a new home. Beacon is a next-generation money manager that utilizes mechanical investment strategies to build and manage portfolios designed to capture market gains while attempting to minimize losses. With Curian’s recent announcement of plans to exit the business by Q1 2016, Beacon can provide a turnkey solution for the soon-to-be-displaced advisors.
“Beacon is uniquely equipped to handle these transitioning advisors as we have worked extensively with advisors who have switched from Curian to Beacon in the past, with our team having created and mastered a smooth transition process for all involved,” said Chris Cook, founder and CEO of Beacon Capital Management.
GoHealth, a private health insurance exchange for individuals and families, announced a strategic partnership with ADP®, a global provider of Human Capital Management (HCM) solutions. As a result, GoHealth will play an integral part in the new technology enabled ADP Private Exchange, a technology-based private exchange that is integrated with workforce management systems. The goal of this partnership is to help employers update their health benefits packages in the era of the Patient Protection and Affordable Care Act (PPACA) – maximizing cost savings and adapting to compliance requirements while providing value to employees. Together, ADP and GoHealth will offer a solution for the growing number of employers interested in non-group health benefits solutions, which can help reduce high health care costs.
The Guardian Insurance & Annuity Company, Inc.® (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America® (Guardian), introduced enhancements to its website to improve the administration, management and utilization of workplace defined contribution plans for small businesses. The enhanced 401k.GuardianLife.com introduces several new features designed to improve the overall experience for financial professionals, plan sponsors, third party administrators (TPAs) and participants, including a dashboard with easy access to key retirement plan health statistics, enhanced reporting options, intuitive navigation and a resource library. These features will provide education and guidance to positively influence how plan participants engage with their retirement plans. This is particularly important as 401(k)s and other defined contribution plans are the largest anticipated source of retirement income for plan participants.
LIMRA and the Society of Actuaries (SOA) announced the formation of a research partnership, formalizing the ongoing relationship between the two organizations. “For more than 20 years, LIMRA and the SOA have been collaborating on policy holder behavior experience studies for the industry,” said Robert A. Kerzner, president and CEO of LIMRA, LOMA and LL Global. “Companies rely on persistency and utilization research to better understand consumer behavior. The data help companies develop and price products more effectively and respond to potential regulatory requirements. Through this strategic partnership, we plan to expand the valuable research and insight we provide to the industry in the United States and around the world.”
Since 1995, LIMRA and the SOA have been providing the life insurance industry with policyholder behavior experience research. Specifically, LIMRA and SOA have studied individual life insurance and annuity surrender/lapse activity, annuity GLB utilization activity, and lapse activity for individual disability and long term care insurance.