About 76% of the average account was in stocks across the 4.7 million participants in plans that Vanguard keeps records for.

For advisors, this structure can deepen relationships and help bring interaction with new populations and prospects, writes Marianne Caswell.

Here's what you missed this week in the world of financial advice, including people moves, deals, enforcement, and research.

Two representatives in a New Jersey office made lewd comments and created a hostile work environment, the former employee says.

The Dallas-based hybrid RIA has more than 100 reps, and, if they follow the chief’s exit, it would be the the No. 1 IBD’s largest loss since 2019.

With the burden on participants to figure it all out, it's no surprise that more often than not, they just give up, Alexis Leondis writes.

A state treasurer’s program in collaboration with the Ford Foundation has attracted 18 firms including UBS, BlackRock, Morgan Stanley, Citi and Goldman Sachs.

The trio of advisors leaving Commonwealth for the regional firm are its largest “reverse breakaways” ever.

“If you have a superb value proposition and an incredible platform, you’re able to give more of that money back to shareholders,” said CEO Jane Fraser.

"Looking at boards, leadership representation, diversity representation and other indicators can guide advisors to consider investing in companies that align with their clients’ objectives," writes Eve Ellis.