PLANADVISER

Vanguard Vanguard Leans Into DC Adviser Outreach The recordkeeper and asset manager has made recent investments in consultant relationships as a tactic to grow its workplace plan and participant numbers. https://bit.ly/3XYAjom

J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings Stifel and Commonwealth ranked highest among employee advisers and independent advisers, respectively. https://bit.ly/4cVliaV

DOL’s ESG Rule Challengers Cite Chevron Reversal Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning of Chevron. https://bit.ly/4eQ9jgE

Broadridge Launches Retirement Income, Stable Value Evaluator The new tool allows plan fiduciaries to evaluate the growing list of in-plan DC annuity options. https://bit.ly/3XVfx8N

Retirement Industry People Moves McGlynn promoted to director of national partnership sales at Pacific Life; Munari named chief product officer at MSCI Inc.; Pentegra Retirement Services hires Maxwell as head of strategic accounts; and more. https://bit.ly/4danaNl

DOL’s ESG Rule Challengers Cite Chevron Reversal Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning of Chevron. https://bit.ly/4eQ9jgE

Don’t Overlook the Silent-to-Gen X Generational Wealth Transfer Hearts & Wallets' findings counter the idea that the Baby Boomer-to-Millennial wealth transfer should be advisers’ focus. https://bit.ly/3VSu9Dg

Considering the Hot Private Market Space for DC Plans As new Blackstone financial adviser surveying reiterates the growth in private market investing, can asset managers leverage the moment to champion its inclusion in defined contribution plans? https://bit.ly/3VHRlE8

Advisory M&A News – 7/1/24 NewEdge Advisors welcomes Fortis Wealth Advisors; 4 wealth managers join Savvy Advisors; Perigon Wealth Management acquires Creative Financial Planning; and more. https://bit.ly/3RO6lPO

The DOL, the IRS and the Chevron Reversal The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors. https://bit.ly/3VVK4B4