Technology can help plan sponsors and advisors, and others, respond more swiftly to market shifts and changes in accounting procedures.
It may sound over-simplistic, perhaps even trite, but investment managers must be clear about why they want to automate and have defined the outcomes they are seeking.
You can lie to your auditors if you’re a publicly traded company, but you’ll likely be found out at some point, and now you’ve broken the law.
Auto-portability is the routine, standardized and automated transfer of a retirement plan participant’s 401(k) savings account from their former employer’s plan to an active account associated with their current job.
Upon closing of the transaction, Matrix is expected to have approximately $420 billion in assets under administration and over 118,000 plan accounts in custody.
As data analytical capacities increase, data driven lending is emerging across the globe, and companies providing digital loans are quickly growing.
Of the 315 advised clients under 40 we surveyed, almost 70 per cent were either currently using, or said they were likely to use, a robo-adviser alongside their financial adviser.
This move, which saw private pensions lose 6% of their assets in three months’ time, put the economic futures of “tens of millions of people at a higher degree of risk than previously understood,” as Pomp explained.