Fintech firm will make the Marstone digital-advice platform available to the 13,000 financial institutions it works with.
Scrapping or revising the law could lead to the disappearance of the Harkin Amendment, which would pave the way to indexed annuities being classified as securities rather than insurance products.
Working longer and postponing benefits can increase future payments.
Client data-gathering tool also links with Redtail and LaserApp
The new president wants to get rid of the tax, but details are sketchy, leaving estate-tax planning in limbo. <b><i>(More: <a href="http://www.investmentnews.com/article/20170205/FREE/170209957" target="_blank">Estate-tax flux could boost grantor trusts</a>)</b></i>
President Trump's initial draft memo, later revised, may have spelled out the administration's coming plans: to delay the rule for six months and seek a stay in the legal proceedings.
Delaying implementation of the Labor Department rule is the first step Republicans and the finance industry are eyeing as part of a broader overhaul of the measure.
By asking these questions, investors can avoid financial advisers who don't put their interests first.
Many broker-dealers &mdash; including Merrill Lynch, Morgan Stanley and Wells Fargo &mdash; are preparing for the changes in operations the rule would have created. <b>Plus: <a href="//www.investmentnews.com/section/video?playerType=INTV&bctid=5309561439001&date=20170203"" target=""_blank"" rel="noopener noreferrer">Advisers react to Trump's DOL rule decision</a></b>
Not all digital advice platforms are created equal. But which one ultimately serves your clients best will take a bit more time to tease out.
The move scrambles the fierce six-year battle over the rule, which would require financial advisers to act in the best interests of their clients in retirement accounts. <b>Plus: <a href="//www.investmentnews.com/section/video?playerType=INTV&bctid=5309561439001"" target=""_blank"" rel="noopener noreferrer">Advisers react to Trump's DOL fiduciary rule decision</a></b>
A final version of the document does not direct the DOL to delay the rule for six months, nor does it tell the agency to consult with the Department of Justice to seek a stay of the litigation surrounding the rule.
The claimants alleged the Connecticut investment bank negligently supervised its broker.
President Trump's decision to halt the DOL fiduciary rule drew mixed reactions from industry professionals.
The DOL is expected to prepare an updated economic and legal analysis concerning the likely impact of the rule.
Couples spend an average of $78,464 to get married in the most expensive wedding location &mdash; and the honeymoon isn't included.
TD Ameritrade Institutional will add new tools to its Veo One platform that employ analytics to help financial advisers understand their practices better and a dashboard to pinpoint client-service issues.
Divorce distribution and management fees
Social Security simply doesn't provide enough income for people without defined benefit pensions and 401(k)s who can't afford to save, or to save more.
