FuturePlan EAP is intended to enhance plan onboarding and administration, while offering plans with less than 10 participants the ability to deal with fewer decision points.
The problem arose from the passage of the SECURE 2.0 Act late last year, which didn’t give financial institutions time to update their systems.
An advisor’s plain-language explanation of financial system intricacies can help allay fears, keep emotions under control and inform better decision-making.
If you missed the last issue of InvestmentNews, you can access it here.
Some members of an ad hoc group of lawmakers who are trying to fashion a deal say prospects have been diminished by President Joe Biden's accusations that Republicans want to cut benefits.
That's one year earlier than the trustees' report estimated last year; the report projects that 80% of benefits would be payable at that time.
Each of the measures failed to get enacted in the previous Congress. The tax bill starts off with just GOP support, while the other two come out of the gate with bipartisan backing.
An expansive network of platforms and services has evolved that's designed to support breakaway brokers.
At the end of last year, approximately $104 billion was saved in 35.5 million health savings accounts, a year-over-year increase of 6% for assets and 9% for accounts, a Devenir survey shows.
The urge among clients to help with emerging causes and longstanding passions hasn’t diminished—it’s just getting stronger. Advisors need to know the best ways to support them now, especially since it has become table stakes.
He is being replaced at Merrill Lynch by Lindsay Hans and Eric Schimpf, who have been appointed presidents and co-heads of Merrill Wealth Management.
It's doubtful many advisors are doing the same due diligence into who produces conference apps and what safeguards are in place that they do with other pieces of their tech stack.
The investment manager said Retiree’s software will bolster its existing capabilities to create a more comprehensive suite of retirement income solutions.
The strategy is meant to help advisors more precisely tailor a portfolio to a client's unique circumstances.
Internal lawyers attended plan committee meetings at 49% of companies in 2022, up from 11% in 2017, and external counsel attended meetings at 36%, up from 21%.
According to the latest report from Schwab Advisor Services, RIAs need to jump on the growth train in order to keep pace.
Schwab clients are moving funds from sweep accounts into money market funds at a rate of $20 billion a month, according to the Morgan Stanley report.
While stock and bond allocations hurt the performance of TDFs last year, fees declined and assets flowed to collective investment trusts, Morningstar found.
If financial advisors don't seek the firm's approval, they risk running afoul of securities regulators, Cetera said.
The legislation provides new credits and incentives that cover a significant portion of the cost of setting up a retirement plan, while also providing access to new 401(k) solutions.
