'We’re targeting a ‘soft launch’ in early November... followed with an official market release about a month later,” said Derek Trimble, CEO of JourneyGuide, a spin-off from Fort Wayne, In.-based Ash Brokerage.
Icon will offer a portable IRA to workers at small companies as well as to independent contractors. State Street Global Advisors and Dimensional Fund Advisors will provide low-cost investments. Aspire will be the third-party administrator.
Western & Southern Group's IncomeSource immediate annuity joins comparable products from Guardian, MassMutual, New York Life and The Principal on the Fidelity Insurance Network, an online direct-to-consumer sales platform.
Workers who enroll in Goldman's Honest Dollar IRA will pay only fund fees (9 to 13 bps) and custodial fees until 2019.
Experts at the CFA Institute, PIMCO, Alliance Bernstein, Standard & Poors', IMCA (now the Investment and Wealth Institute), State Street Global Advisors and elsewhere produced a lot of great retirement research over the past two years. Here's a sampler.
Despite expectations of another interest rate hike this year, taxable bond remained the leading category group in September with $34.9 billion in flows overall, up from $27.5 billion in the previous month.
'We asked ourselves, ‘Who would be the best choice for a partner for a joint venture?’ We made a strategic map and the Investment and Wealth Institute was the first choice,' said Francois Gadenne, founder of the Retirement Income Industry Association.
You can find links to these reports here.
Stash has a new banking app, Cerulli reports higher CIT sales, David Blanchett's prize-winning paper, and new hirings/promotions at Voya Financial and MassMutual.