Greg was a reporter for InvestmentNews from 2015 to 2019, covering defined-contribution plans, retirement planning, insurance, taxes and estate planning, before then moving to CNBC as a Personal Finance Reporter. He tweets at: @GregIacurci
Advisers can use a mathematical formula to more safely guide a client's retirement income portfolio.
The organization set up a new group, the FPA of Metro New York, which is in the process of establishing a board of directors.
The new language, which is still subject to change, explicitly states what had largely been assumed.
The decisions mean the continuation of many services put in place due to the DOL fiduciary rule.
The funds offer direct competition but also a way for small or actively managed players to get a piece of the pie.
Some advisers think this indicates other providers will pivot in light of DOL fiduciary rule's death.
Observers say that advisers delivering financial wellness programs to 401(k) plans should take note.
The private-equity firm has previously invested in such companies as Mercer Advisors and AssetMark.
The record keeper joins some other big competitors in offering participants their money back if their accounts get hacked.
Rothification, which set off a furor in 2017 as Congress debated tax reform, could find its way into new bills next year, experts say.
