‘We’re the Kasparov Inside’

‘I’ve been on the bleeding edge as much as I’ve been on the leading edge, and it’s not always a comfortable place to be,’ said Judson Bergman, Chairman and CEO of Envestnet (above).

What’s Cooking at ‘Income Lab’?

At their software start-up, Income Lab, three former Jackson National Life executives want to help advisers help clients optimize retirement income. They enter a financial planning field dominated by MoneyGuidePro and eMoney Advisor.

Security Benefit Life’s Secret Sauce

Joe Wittrock, CIO at Security Benefit Life, explains how the firm's investments outperform. Eldridge Industries, run by ex-Guggenheim president Todd Boehly, owns SBL, Billboard magazine (right, with Billie Eilish on the cover) and lots else.

Research Roundup

Here's new research on tax avoidance among the very rich, the logic that millionaires use when buying equities, considerations for plan sponsors when estimating income from 401(k) balances, and a worst-case scenario for future tax rates.
Featured

A Safe Harbor is in Jeopardy

We shouldn’t deprive workers of 'bread' on the chance that brokers will be able to sell 'cake' to their employers.

How Ticos Turn DC Savings to Income

Retirees can take a monthly income equal to 1/12 of the earnings on their DC savings, or they can take a “scheduled withdrawal” where their accumulation is divided by their life expectancy, and they receive that amount each year.
News

Where HR meets social media, Blackstone will be there

Blackstone's private equity funds have purchased human resource administration platform Aon Hewitt from Aon plc for $4.8 billion, at a time when HR is moving to the 'cloud' and tapping into social media data.

Voya launches ‘Journey’ indexed annuity

Returns are pegged to either the J.P. Morgan Meridian Index and the Citi Dynamic Asset Selector 5 Excess Return Index, Voya said in a release this week.

Wealth, like cream, keeps rising to the top

The investable assets of households with between $1 million and $10 million grew by $809 billion last year, to a total of $17.8 trillion, according to a study of wealth distribution in the U.S. by Phoenix Marketing International.