401(k) suits filed against Mercedes, Takeda, American Trust

Plaintiffs allege excessive fees and other claims against the auto maker and drug company, while a participant in a plan using American Trust as trustee claims a major distribution was made without his permission. The University of Pennsylvania settled a long-running case over its 403(b).
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5 retirement planning resolutions for 2021

Learning from the lessons of 2020 and taking action to improve their retirement planning should be a key focus for advisers in 2021.
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Wall Street skimps on compensation despite pandemic windfall

Investment banks saw a rise in revenue per employee last year, but that doesn’t seem to have translated into big rewards for workers.
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37% of U.S. advisers consider ESG factors in every portfolio

U.S. registers biggest attitude shift in last three years, with about 75% of advisers putting more money into ESG strategies.
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Now that Wells Fargo has a plan, what’s in it for advisers?

CEO Charlie Scharf is making classic changes to streamline and reduce costs at Wells Fargo’s Wealth and Investment Management unit, which houses Wells Fargo Advisors.
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