Just a few short years ago it looked like qualified longevity annuity contracts (QLACs) were ready to catch on with defined contribution (DC) plan sponsors. Notices and regulations from the Department of the Treasury and the Department of Labor...
A recent private letter ruling underscores the importance of being aware of the status of your client’s employer-sponsored qualified retirement account
The United States Supreme Court has determined that inherited IRAs are not protected from bankruptcy creditors. Although this development presents a serious risk for clients, it also presents a planning opportunity for financial advisors...
Betterment CEO Jon Stein.
Betterment for Business, the automated investing service’s foray into the 401(k) market, officially went live Wednesday with a group of 50 plan sponsors and participants. Boxed, a wholesale shopping app that signe...
Taking the leap into smart beta.
OppenheimerFunds announced that it's diving into the world of smart beta with its new Factor Weighted ETFs. Securities are weighted on the basis of top line revenue, which OppenheimerFunds said more closely...
For a plan’s QDIA, traditional target-risk funds are being rapidly eclipsed by target-date funds. Consultants need to help sponsors navigate the change.
Keep it simple.
Desperate times call for desperate measures. So complicated market environments call for complex investment strategies, right? At least that’s what investors (and asset managers) are hardwired to think, according to the la...
Pick door No. 3.
Private wealth management firms were in high demand in 2015, dominating the financial transaction landscape among asset management firms with a record 59 deals, according to a new report by Sandler O’Neill. The firm attrib...
