California prevailed Monday in a battle over its auto-IRA, CalSavers, when the Supreme Court refused to hear a challenge to the legality of the program. “The United States Supreme Court’s denial of review preserves the ability of millions of hard-working ...

Commonwealth Financial Network, a Waltham, Massachusetts-based independent broker-dealer, has launched a program to give its affiliated advisers administrative support on an as-needed basis. Called the virtual administration program, it pairs advisers requiring support in a range of operational areas with ...

Envestnet Inc. has been the reported target of a potential sale ever since the tragic death of its well-loved co-founder and CEO Jud Bergman more than two years ago.  The wealthtech tea leaves last week had the turnkey asset management ...

More intense SEC scrutiny of private equity funds could raise regulatory burdens and costs for the investment vehicles but probably won’t cause a slowdown in PE funds’ acquisitions of retail investment advisers. In early February, the Securities and Exchange Commission ...

Wealthtech deals hit record highs last year, and the explosive growth is expected to continue as clients demand improved technology from their financial advisers.  The biggest transactions from 2021 included mergers and acquisitions and funding rounds from some of the ...

As the war between Russia and Ukraine rolls into its second week, the ripple effects of the economic sanctions against Russia are pushing oil prices higher and giving investors a chance to hedge the falling equity markets. Crude oil prices, ...

Having a program of loan insurance in place for defined benefit plan participants who borrow from their plans could dramatically increase the security of the nation’s retirement programs, says a study from the Employee Benefit Research Institute. “The impact of ...

As the broad stock market stumbled in January, investors ran to alternative investments, buying a record amount — $10.5 billion — of nontraded real estate investment trusts, business development companies and other illiquid assets, according to investment bank Robert A. ...

Terry N. Estes, who managed $156 million at Edward Jones in Monroe, North Carolina, has gone independent and affiliated with Raymond James. Estes joined Freedom Street Partners, a partnership of independent advisers affiliated with Raymond James Financial Services Inc. and ...

Expect this proxy season to be a big one, likely with record levels for climate-related and social proposals targeting large public companies that have not done enough around urgent issues, a Broadridge and PWC report has found. Those proposals will ...