Practice

Auto enrollment, escalation and target-date features in 401(k) plans are effective in boosting savings substantially, especially for lower-income workers, according to a report from the Employee Benefit Research Institute (EBRI) and the Defined Contribution Institutional Investment Association.

Asset manager will continue to recruit more advisors in the Dallas area.

Hartford Financial Services Group Inc. has been selected to launch and manage a new advisor-sold 529 college savings program in Connecticut, the state’s treasurer announced Wednesday.

Mutual of Omaha is holding 401(k) sales seminars, or boot camps, for advisers to 401(k) plans over the next year. The first six cities where the seminars will be held are Lansing, Mich., Pittsburgh, Orlando, Minneapolis, Kansas City and Dallas. Following the seminars, participants will receive a year’s worth of educational e-newsletters, and access to webinars and tools.

Despite the fact that the numbers of financial services executives have been slashed by the financial market downturn, Robin Judson sees enough demand for hedge fund, private equity and investment banking know-how to launch her own recruiting firm.

UBS Wealth Management Americas announced on Thursday it hired a pair of New Jersey advisors from Morgan Stanley Smith Barney.

CHET Advisor is the first advisor-sold 529 plan sponsored by the state. TIAA-CREF will continue to run the Connecticut Higher Education Trust, a direct-sold 529 college savings plan first launched in 1998.

Municipal market participants should not expect the Treasury Department to simply rubber-stamp the existing tax-exempt bond rules for issue price when it comes to Build America Bonds, a Treasury official told bond lawyers at a recent meeting.

The Securities and Exchange Commission issued a proposal Wednesday to require new disclosures for asset-backed securities.

There is a 20-year age difference between Shelly Church and Ilona Sawin, yet they have found enough common ground to form their own financial advisory team at Raymond James & Associates.