A forthcoming PEP from National Professional Planning Group, Lincoln Financial and Morningstar Investment Management will have the distinction of providing in-plan guaranteed income, the companies announced Thursday. Lifetime income, particularly as part of a plan’s qualified default investment option, is ...

SEC Chairman Gary Gensler has expressed concern that payment for order flow may create conflicts of interest for online trading apps and has hinted the agency may consider ending it. A leading Capitol Hill Republican on regulatory oversight wants to ...

The ongoing debate over whether sustainable investing can add performance alpha got another boost in the third quarter, when some ESG fund categories leapt ahead of broad market funds. But while the short-term data might work to make one point, ...

Walgreen Co. is settling a lawsuit over its 401(k) plan for more than $13 million, recently filed court records show. The company, which was sued in 2019, allegedly failed in its fiduciary duty by opting to keep the Northern Trust ...

After a busy year-and-a-half striking deals to provide retail brokerage and advisory services to banks and credit unions, LPL Financial will continue to fish in the market of financial institutions, as it is known in the brokerage industry. Since 2020, ...

By nature, women tend to be caring and careful. But the same tendencies that prompt them to nurture and protect their families may result in some women sabotaging their own retirement preparedness. Now the impact of Covid may further undermine ...

A Merrill Lynch team managing $216 million has moved to the employee unit of Raymond James in Manalapan, New Jersey. Gus Fingado, a 37-year veteran of Merrill Lynch, and Matthew Walter, who has 32 years of experience as an adviser ...

Citigroup Inc. will require all U.S. employees be vaccinated against Covid-19 as a condition of their employment, citing President Joe Biden’s directive to federal contractors.  The Wall Street giant asked staffers to submit proof of vaccination by Dec. 8, and ...

Kenneth Welsh, a former broker and investment adviser, was arrested Thursday at his home in River Edge, New Jersey, for stealing more than $2.8 million from five clients to pay for his gambling and to buy personal luxury items. Welsh ...

Three advisers managing $565 million at Merrill Lynch in Bloomington, Minnesota, have moved to RBC Wealth Management and its Wayzata, Minnesota branch, which is outside Minneapolis. The three advisers are Mark L. Johnson, who has nearly 30 years of experience ...