A bipartisan bill has been introduced in the Delaware House of Representatives that would create a state-sponsored retirement plan for private-sector workers.
The program, called Delaware EARNS, for Expanding Access for Retirement and Necessary Savings, is intended to serve the 52% of workers in the state who do not have access to a retirement program at work.
The proposed state program, which would be administered by the state treasurer’s office, would automatically enroll employees unless they elect to opt out.
Businesses with more than five employees would be required to participate in Delaware EARNS through a payroll process. Employers who already offer employees some other form of retirement option would not need to participate.
Illinois and New York recently said they are amending their auto-IRA programs to encourage greater participation.
It's a showdown for the ages as wealth managers assess its impact on client portfolios.
CEO Ritik Malhotra is leveraging Savvy Wealth's Fidelity partnership in offers to Commonwealth advisors, alongside “Acquisition Relief Boxes” filled with cookies, brownies, and aspirin.
Fraud losses among Americans 60 and older surged 43 percent in 2024, led by investment schemes involving crypto and social manipulation.
The alternatives giant's new unit, led by a 17-year veteran, will tap into four areas worth an estimated $60 trillion.
"It's like a soap opera," says one senior industry executive.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
