Advisor Technology

With the hand-off of trillions of dollars from baby boomers to younger generations over the next 20 years, the future of wealth management is expected to involve a hybrid model where AI enhances the capabilities of human advisors.

Sen. Elizabeth Warren's new report, "Cancun, Cruises and Cash," found that "perks and kickbacks" allow fiduciaries to work against the best interests of "Americans who work hard and save for retirement."

When asked what solutions would increase their confidence in their retirement plans, workers' top response was an in-plan protected retirement solution, says Cathy Marasco at Nationwide, which published a new Protected Retirement survey.

In latest SEC investigation, 11 firms will pay more than $88 million to settle charges related to off-channel texting communications and widespread recordkeeping failures against investment advisors and broker-dealers.

Citing data security concerns, Fidelity has informed advisors that it intends to block their access to customers' employer-sponsored 401(k) accounts via credential sharing.

More plan sponsors are prioritizing retirement income and considering managed accounts as an opt-in option in 401(k)s, according to T. Rowe Price's 4th annual consultant study.