Dave Ramsey, the popular financial author and personality, initiated a Twitter firestorm by attacking a number of financial advisers who questioned his investment advice. Mr. Ramsey had some choice words for professional advisers, lashing out and even colorfully referring to himself as the 'big dog' that was 'biting back' at his vocal critics. Here are the juiciest tweets from the Ramsey-advisers exchange:
Reporter Greg Iacurci and managing editor Christina Nelson discuss the biggest uncertainties springing from the Fifth Circuit Court of Appeals' decision to vacate the regulation.
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Firms that have enjoyed AUM growth because of the runup in stocks may find it hard to adjust to declining revenues if the market suffers a major correction.
Future developments will hinge on whether the Labor Department continues the fight to remake the regulation its own way.
Groups on both sides of the fiduciary debate had plenty to say.
In split decision, judges say agency exceeded authority.
The wirehouse has seen 14 individuals or teams leave and five join for a net loss of $2.4 billion in AUM