A High-Tech Challenge for High-Touch Advisors
Wealth management firms know they need next-gen ‘fintech.’ But many of them don’t know exactly which digital tools to buy or where to apply them in their businesses, tech vendors say.
T. Rowe Price Reopens the Market for Payout Funds
Managed payout funds haven't gotten much traction in the last decade. But T. Rowe Price hopes that its target-date fund/payout fund hybrid, the Retirement Income 2020 Fund, will help it retain money that rolls out of its retirement plans.
Cloudy with a Chance of Lawsuits
If the fiduciary rule and its Best Interest Contract Exemption are here to stay, will they trigger a wave of lawsuits against advisory firms? No one seems to know for sure.
This Couple Needs Your Advice
These two people, ages 64 and 63, have a combined net worth of about $2.5 million. They're looking for ways to generate income in retirement. Here are some specifics about their finances. What would you recommend?
Featured
The Pleasant Inflation Surprise — Will It Last?
'The core inflation rate is likely to exceed the Fed’s 2.0% inflation target by the end of next year, which should keep the Fed on its path of gradual increases in the funds rate,' writes our guest columnist.
News
Lawsuit accuses oil and gas firm of not using Vanguard’s cheapest funds
Participants in Pioneer Natural Resources USA's 401(k) plan accuse the sponsor of offering them Vanguard's retail share class funds instead of institutional share class funds and failing to negotiate lower recordkeeping fees. Vanguard isn't a defendant.
Cloudy with a Chance of Lawsuits
If the fiduciary rule and its Best Interest Contract Exemption are here to stay, will they trigger a wave of lawsuits against advisory firms? No one seems to know for sure.
1Q2017 bank annuity fee income up 4.2% from 1Q2016
Of 624 bank holding companies (BHC), 280 or 44.9% sold annuities during first quarter 2017. Their $788.5 million in annuity commissions and fees constituted 35.1% of total BHC insurance sales volume of $2.24 billion.
KeyCorp buys HelloWallet from Morningstar
The $134.5 billion bank holding company may be the first bank to move into the financial wellness space, which has been dominated by retirement companies. Financial terms of the transaction were not disclosed.
Honorable Mention
Brief or late-breaking items about Northwestern Mutual and the NFL, Milliman's robo-human hybrid research and Voya's new 401k chief.
