Industry News

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Should you fire a middling employee?
NEWS INDUSTRY NEWS OCT 01, 2019
Should you fire a middling employee?

If you allow mediocrity to define your business, you aren't doing yourself, your firm, your team members or your clients any favors.

By Bloomberg
Schwab cuts online brokerage fees to zero
NEWS INDUSTRY NEWS OCT 01, 2019
Schwab cuts online brokerage fees to zero

U.S. stocks, ETFs and options will be free to trade on the platform starting next Monday.

By Jeff Benjamin
Traders punish Schwab, TD, ETrade for move away from commissions
NEWS INDUSTRY NEWS OCT 01, 2019
Traders punish Schwab, TD, ETrade for move away from commissions

The market sees Schwab's announcement of commission-free trading as a direct hit to revenues.

By Jeff Benjamin
NEWS INDUSTRY NEWS OCT 01, 2019
HSA fees drop, investment design shows improvement

Fund menusare important as financial advisers recommend clients invest HSA assets for the long term.

By Greg Iacurci
NEWS INDUSTRY NEWS OCT 01, 2019
Hybrid broker managing $130 million switches to LPL from Amerprise

Joshua Lambert took over his father's Ohio-based business after 15 years.

By InvestmentNews
NEWS INDUSTRY NEWS OCT 01, 2019
TD Ameritrade fires back at Schwab by cutting commissions to zero

After seeing its stock price drop 25%, TD charges headlong into the latest low-fee battle.

By Jeff Benjamin
NEWS INDUSTRY NEWS SEP 30, 2019
Wells Fargo's New York CEO fuels questions about its West Coast base

The bank's leadership team is decentralized, and it has more than five times as many Charlotte-based job openings on its website as San Francisco listings

By Bloomberg
NEWS INDUSTRY NEWS SEP 30, 2019
Trump officials play down reports of limits on China investments

A Treasury spokeswoman said in an email that there are no current plans to stop Chinese companies from listing on U.S. exchanges

By Bloomberg
NEWS INDUSTRY NEWS SEP 30, 2019
New rules make it easier to access 401(k) funds

Treasury and the IRS issued rules that will expand employees' access to their 401(k) funds in cases of financial hardship.

By Greg Iacurci
NEWS INDUSTRY NEWS SEP 30, 2019
Negative yields find their way into U.S. investor portfolios

Some bond index funds have no choice but to maintain large weightings in bonds with negative yields.

By Jeff Benjamin
NEWS INDUSTRY NEWS SEP 30, 2019
SALT tax-cap challenge by New York and New Jersey is tossed

The judge said the federal government has 'exhaustive' power to impose and collect income taxes

By Bloomberg
NEWS INDUSTRY NEWS SEP 30, 2019
What 'householding' means for advisers, and why it's the holy grail for technology

For many, the future of advice means effectively managing all a family's accounts.

By Ryan W. Neal
A new twist on Medicare open enrollment
NEWS RETIREMENT PLANNING SEP 30, 2019
A new twist on Medicare open enrollment

The government projects a decline in premiums next year for Medicare Advantage and drug plans.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING SEP 28, 2019
Income annuities provide retirees longevity protection

An excerpt from Wade Pfau's new book, 'Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement'

By Wade Pfau
NEWS INDUSTRY NEWS SEP 28, 2019
Trump wrong to challenge workplace savings plans

Programs that enhance retirement saving should be encouraged, not assailed.

By Investment News Team
NEWS PRACTICE MANAGEMENT SEP 27, 2019
Wells Fargo names BNY Mellon's Charles Scharf CEO

The new CEO will lead the efforts to turn the bank around after a series of scandals.

By Bloomberg
NEWS INDUSTRY NEWS SEP 27, 2019
Wells Fargo lures new CEO by boosting pay 40%

Scharf's annual target compensation was set at $23 million, up from his $16.5 million target pay in his final full year at BNY Mellon.

By Bloomberg
NEWS INDUSTRY NEWS SEP 27, 2019
White House weighs limits on U.S. portfolio flows into China

A U.S. crackdown on capital flows would create a new pressure point in the trade war.

By Bloomberg
Voya Financial Advisors settles with more than a dozen clients of former broker
NEWS INDUSTRY NEWS SEP 27, 2019
Voya Financial Advisors settles with more than a dozen clients of former broker

So far, the firm has paid more than $900,000 on complaints about the REITs and variable annuities the broker used in clients' portfolios.

By Bruce Kelly
NEWS INDUSTRY NEWS SEP 27, 2019
Finra censures Newbridge Securities and fines firm $225,000

The firm consents to having inadequately supervised sales of complex products.

By InvestmentNews