“BrightScope offers the Personal 401(k) Fee Report as the first and only way participants can easily determine what they are paying for maintenance in their plans,” said Mike Alfred, CEO and founder of BrightScope. “With a comprehensive database of more than 30,000 401(k) plans, we’re uniquely positioned to deliver a vital resource to millions of Americans unaware of how much of their retirement savings is going to fees each year. It’s one of the biggest, if not the biggest issue in the industry.”
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Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
2h ago -
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
4h ago -
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
4h ago -
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
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The accusations led to the end of 16 years at the firm.
July 15 -
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
July 15