'“Many of the broker-dealers are still searching for a light switch in a dark room,” said James Lumberg of Envestnet, who, with Jeff Schwantz of Morningstar and Arjun Saxena of PwC, explained to asset managers in Boston how the DOL rule is impacting their distributors.
'Smart' is the recently-launched American branch of a British fintech with expertise in a kind of retirement savings plan that's called a 'master trust' in the UK and a 'pooled employer plan' or PEP in the US. RIJ interviewed two of its top executives.
Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.
A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.
'There may not be enough time before the next deep recession to lay the groundwork for effective negative interest rate policy or to phase in a higher inflation target. But that is no excuse for not starting to look hard at these options,' writes the Harvard economist.
When dealing with your HNW clients and prospects, success depends less on performance or fees than on solving clients’ problems and simplifying their complex lives.
'The shift to BBB-rated bonds has performed well over 2011 to 2015; yet the question remains as to how long that performance can continue,' said Conning insurance research chief Steve Webersen.
'Essential Portfolios' costs 30 basis points (0.3%) per year. Each of the five model portfolios consists of non-proprietary ETFs and cash with weighted average expense ratios of 0.06% to 0.08%.
The acquisition of BrightScope, founded in 2008 by Ryan and Mike Alfred, follows Strategic Insight’s recent acquisition of Market Metrics and Matrix Solutions.