The managed payout funds have an optional feature that automatically calculates and distributes an investor's RMD from the account.
Initiative is part of an effort to crack down on brokers who move from firm to firm and put investors at risk.
Plaintiffs alleged Merrill Lynch didn't apply fee discounts for mutual funds to which some small retirement plans were entitled.
The $16.75 million settlement comes after 10 years of litigation.
Kim Dee Isaacson also allegedly made unauthorized trades in the 71-year-old client's account.
While some give him high marks for his willingness to listen, other say it's time he put what he's heard into action.
All advisers should be taking steps to prepare clients for the reality of a correction.
As some provisions are implemented, the regulation's future remains a mystery. <i>(</i><b>More:</b><i>​ </i><i><b><a href="http://www.investmentnews.com/section/fiduciary-faq" style="color:#b10816" target="_blank">FAQs shed light on nuts and bolts of DOL rule</a></b></i><i>)</i>
Those who are already receiving benefits could get a boost from a cost-of-living adjustment projected for next year. But will it make up for the negative impact of rising inflation?
The team is comprised of four-advisers, working in Paramus, N.J.
Sheik F. Khan, formerly with Ameritas in Pasadena, Calif., misled private-deal investors.
Some wait for Trump to conclude review before telling clients about rule.
Making smart technology decisions can serve as a pre-emptive strike against the potential fallout from future cyberattacks.
Firms have trimmed their lineups of investment products, leveled broker compensation and standardized compensation across product lines
<i>InvestmentNews</i> senior reporter Mark Schoeff Jr. gets the skinny on the next phase of the fiduciary rule's rollout.
Relying on mainstream concepts is becoming dangerous for retirement plan advisers when working with clients.
The regulation will trigger a fiduciary acknowledgement from advisers. But, strangely, it's not a disclosure mandated by the rule itself.
Financial CHOICE Act faces long odds in Senate. Meanwhile, House and Senate Republicans introduce stand-alone legislation to scuttle the regulation.
Twenty-three year veteran Anthony Joseph Verzi decides not to testify during regulator's inquiry.
While Washington wrestles with the fate of the fiduciary rule, the financial advice landscape remains supremely dangerous.
