Honorable Mention
Brief or late-breaking items from Accenture, Envestnet, T. Rowe Price, Voya Financial, Ernst & Young and Cerulli Associates.
Reminder: Solve our retirement income case
Last week we presented the case of a couple, ages 64 and 63, with over $1 million in investable assets but no clue as to how to generate retirement...
Wealthfront angles for upmarket clients
The robo-advice firm has launched Advanced Indexing, a service that holds individual stocks to reduce costs and enhance 'tax-loss harvesting.' There are two levels of service, for clients with...
Research supports investing Social Security funds in equities
“Investing a portion (a maximum of 40%) of Social Security trust fund assets in equities would reduce the need for greater payroll tax contributions or benefit reductions,” said a...
Most advisors still many megabytes shy of a digital practice, says Fidelity (owner of eMoney)
Only 40% of advisors are tech-savvy, according to the Fidelity 2016 eAdvisor Study sponsored by Fidelity Clearing & Custody Solutions (FCCS), a unit of Fidelity Investments.
Honorable Mention: Cimini goes to Voya, ‘smart beta’ coming to TDFs, and more
Brief or late-breaking items from Voya, Cerulli Associates, Financial Engines, and Nestle.
Don’t cut Medicaid, say Ivy League doctors
The Medicaid cuts envisioned under the ACHA and the Trump budget would cause widespread harm, three health care experts wrote in the New York Times this week.
In fiduciary suit, Northrop Grumman settles with participants for $16.75 million
The settlement does not cover claims raised in Marshall v. Northrop Grumman Corp., a second case against Northrop filed by Schlichter, Bogard & Denton on September 9, 2016.
A target date fund for RMDs, from Fidelity
Investors in Simplicity RMD Funds can set up distributions through Fidelity’s automatic withdrawals service. Fidelity calculates and distributes the investor’s RMD each year.
Political turmoil sidelines UK pension reform
'If you’re under 40 your income has been eroding and your ability to grow wealth assets is almost non-existent,' said one official. 'The parties’ promises need to catch up...
Honorable Mention
Brief or late-breaking items from TIAA, Transamerica, Milliman and the Investment Company Insitute.
Variable Annuities Suffer Steep Net Outflows
But a 6.07% burst of first-quarter growth in the S&P 500 boosted total VA assets under management to $1.86 trillion, up 2.73% from the previous quarter and 4.49% from...
Jackson National switches to DoubleLine from PIMCO for a VA subaccount
Pimco's flagship Total Return investment strategy had been one of Jackson National’s variable annuity subaccount options since 1998.
BlackRock enhances iRetire platform for advisors
iRetire is an “end-to-end retirement planning framework that financial advisors can use to take clients to and through retirement,” a BlackRock release said.
To attract youth, TIAA’s new robo offers socially-responsible investments
The service requires a minimum account balance of $5,000 and charges annual advisory fees of just 30 basis points (0.3%).
Honorable Mention
Brief or late-breaking items from T. Rowe Price, The American College, Nationwide and Natixis.
