It seems that there are big winners and losers every decade in the 401(k) market, and the victors in the 2020s are still to be determined. Winners pivot and adapt, leaning into change and not wasting time and energy trying ...

At the fourth annual RPA Aggregator Roundtable and Think Tank last Wednesday and Thursday in New York City and virtually, the focus was on the convergence of wealth and benefits at the workplace and in the industry, and the need ...

In a move that should accelerate the convergence of wealth and retirement at work and concern all RPA aggregators that lack a robust wealth management practice, Creative Planning has acquired Lockton’s retirement division. The transaction, which marks the first time ...

Like a tropical storm threatening to become a hurricane as it picks up power, record-keeper consolidation in the adviser-sold 401(k) market continues. Last week’s announcement that Ascensus was purchasing Newport Group comes on the heels of Empower’s acquisitions of the ...

As the convergence of wealth, retirement and benefits at work gains momentum, the essential issue is how to help employees who can’t afford traditional ongoing financial planning. That’s more than 95% of the workforce. There’s an opportunity to reach people ...

At the heart of the convergence of wealth, retirement and benefits at the workplace are the professionals at broker-dealers who service retirement plans and advisers. Though their work is crucial, these broker-dealer professionals struggle to get the necessary resources and ...

The 401(k) record-keeper industry is following the path outlined in the brilliant 2002 Harvard Business Review article, “The Consolidation Curve,” which predicts that fragmented industries go through four stages of consolidation over a 25-year-period. The process ends with three to ...

The 401(k) world is poised to explode as wealth, retirement and benefits converge at work. Government mandates, such as state-sponsored auto-IRA programs, are expected to supercharge the micro market. Pooled employer plans, along with multiple employer plans and groups of ...

The convergence of wealth and retirement at the workplace is obvious to defined-contribution plan sponsors, providers and RPAs — but that message hasn’t reached wealth managers and RIAs. The workplace seems to be an obvious means to acquire new wealth ...

Record keepers expressed excitement and concern about the future of the defined-contribution industry at the third annual InvestmentNews RPA Convergence Record Keeper Roundtable and Think Tank. which included the leading providers and supporting sponsors most interested in collaborating with retirement ...