Employee benefits

The move brings wealth building and retirement planning advice to a large, underserved population of new clients.

Employees will receive personalized insights, guidance and tools to build a financially secure retirement.

Pandemic-driven laws eased tax burdens on loans and withdrawals from 401(k) and IRAs, leading some clients to tap into their accounts while many others avoided a raid.

The vision is to democratize “high-quality, personalized advice at scale, just as the independent advisor has disrupted wealth management,” the companies said in a statement.

Employers have evolved and recognize the importance of discussing and supporting employee well-being.

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

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.

While after-tax funds in employer-sponsored plans are tracked by plan administrators, clients are on their own with traditional IRAs, Jeffrey Levine writes.

When the millions left unemployed due to COVID-19 return to work, research suggests they will cash out of their former employers’ plans, Spencer Williams writes.

The private equity-backed wealth and 401(k) manager drew away an ex-Hightower team as part of its surging growth in the past year.