Betterment, the largest independent retail robo-advisor, said Wednesday that it has entered the small company segment of the 401(k) market. But will its model confine it to the shallow end of the pool?
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
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.
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.
A new study shows that about 29% of single women with less than a high school education and 90.2% of married women with at least a college degree education are prepared for retirement in the U.S.
'The world’s financial intermediaries are not properly steering long-term saving into long-term investments,' writes Sachs, author of 'The End of Poverty' and professor of Sustainable Development at Columbia University.
The prospect of a rising dollar should make U.S. equities attractive to Europeans, and investors will expect active strategies to perform better than passive funds in volatile markets, Cerulli analysts said in a release.