The platform offers sponsors several plan options: the 401(k), Safe Harbor 401(k), Simple 401(k), 403(b), profit sharing and money purchase.
Designed to have the look and feel of a large-company retirement plan, it includes educational tools and is meant to be easy to enroll in. Participants can enroll with a paper form, online or on the telephone.
It allows employers to set pre-selected contribution amounts, and participants to automatically increase contributions based on certain parameters.
The new money will be used primarily to pay off investors who provided capital when Reverence first bought a majority stake in the former Advisor Group in 2019.
When the same buzzwords — "fiduciary," "holistic," "goals-based," "client-driven" — appear on most wealth firms' websites, they do little to help firms stand out in a crowded market, experts say. There are, however, tactics that work.
The influential planning entrepreneur and the FPA are leading an effort to change a tiered fee structure for continuing education providers that started three years ago.
Schwab services 16,000 RIAs with 2,000 different fee structures. According to the industry's largest custodian, the exact costs come down to "a very personalized negotiation" with the firms.
For our Know Your Niche series, Steve Mason, with Bank of America's Private Bank, has developed a client base out of horse lovers like himself.
After experiencing $14 billion in assets outflows in the last quarter of 2025, UBS brought in more than $5 billion in the first quarter of this year.
