Industry News

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NEWS INDUSTRY NEWS APR 04, 2018
More Than a Trickle: Investment Implications of the Cape Town Water Shortage

Water scarcity is a pressing issue across the globe. Investing in companies that address these issues can help solve critical problems while also providing attractive investment opportunities.

By Andreas Fruschki, CFA, Portfolio Manager, Director of Equity Research Europe
NEWS REGULATION AND LEGISLATION APR 03, 2018
State efforts on fiduciary standards slow

Maryland senator pulls provision requiring such duty from bill, Nevada's time line for regulation remains uncertain.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING APR 03, 2018
What the 5th Circuit decision doesn't do

The ruling doesn't apply to services, so investment management services for retirement plans and IRAs remain fiduciary activities.

By Fred Reish
NEWS INDUSTRY NEWS APR 03, 2018
Lynn Tilton's Zohar III should be run by trustee, U.S. tells judge

The battles between Tilton and Zohar's creditors justify the appointment of a trustee, U.S. argues.

By Bloomberg
NEWS RIAS APR 03, 2018
Fisher Investments growing fast in 401(k) market

Its 401(k) Solutions business, only four years old, has amassed more than $400 million.

By Greg Iacurci
NEWS LIFE INSURANCE AND ANNUITIES APR 03, 2018
Finra institutes disciplinary proceedings against broker over alleged improper variable annuity sales

Regulator claims Frederick David Holloway replaced lower-cost variable annuities with higher-cost ones without ensuring they were suitable or in their clients' best interests.

By InvestmentNews
NEWS RETIREMENT PLANNING APR 02, 2018
Loosened rules at odds with efforts to cut 401(k) loans, hardship withdrawals

New law eases restrictions on loans from defined contribution plans, even as employers work to stem plan leakage.

By Meaghan Kilroy
NEWS FINTECH APR 02, 2018
Beyond payroll: What makes broker-dealers successful

Adviser compensation management is about more than adviser compensation.

By Michael Brodeur
New York state creates voluntary retirement savings program
NEWS RETIREMENT PLANNING APR 02, 2018
New York state creates voluntary retirement savings program

Program targets private-sector workers who don't have access to a retirement savings plan.

By James Comtois
NEWS RETIREMENT PLANNING APR 02, 2018
New rules for a 21st century retirement

New book for clients and advisers focuses on strategies to maximize retirement income.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING MAR 31, 2018
Have variable annuities sales hit rock bottom?

After six years of declines, sales could improve slightly if rising interest rates help insurers more easily support their guarantees.

By Greg Iacurci
NEWS RETIREMENT PLANNING MAR 31, 2018
Are annuities finally getting some respect?

A bipartisan effort in Congress to ease annuity use in 401(k)s follows years of related academic research.

By Greg Iacurci
NEWS RIAS MAR 30, 2018
Greg Fleming's latest venture bets on the Rockefeller brand

The Merrill Lynch and Morgan Stanley veteran has deep connections in the industry, which should help him as he sets out to build an independent firm with $100 billion in AUM.

By Jeff Benjamin
NEWS INDUSTRY NEWS MAR 30, 2018
Deutsche Bank reportedly names John Thain to its supervisory board

Former Merrill CEO is one of four nominees to stand for election in May.

By Bloomberg
NEWS RIAS MAR 30, 2018
Adviser's Consultant: Luring breakaway brokers to a hybrid RIA

Goss Advisors makes the case for economies of scale leading to higher payouts.

By Jeff Benjamin
NEWS INDUSTRY NEWS MAR 30, 2018
It's almost wedding season, and it could cost you thousands

Members of a wedding party spend an average of $728 for costs including travel, attire and a gift, a survey finds.

By Bloomberg
Retirement-savings bill draws broad support, optimism for passage this year
NEWS RETIREMENT PLANNING MAR 30, 2018
Retirement-savings bill draws broad support, optimism for passage this year

Industry groups and investor advocates alike seek enactment of the measure that increases workplace plans, eases annuity inclusion.

By Mark Schoeff Jr.
NEWS WIREHOUSES MAR 30, 2018
Morgan Stanley continues its mutual fund overhaul

The firm is working on reducing the number of funds on its platform further and will be converting some funds investors hold from C shares into A shares.

By Bruce Kelly
NEWS PRACTICE MANAGEMENT MAR 30, 2018
Charitable planning for business owners in transition

As baby boomers exit their businesses, they're good prospects for charitable tools such as donor-advised funds.

By Phil Cubeta
NEWS REGULATION AND LEGISLATION MAR 29, 2018
What does the new CFP standard mean for a CFP at a wirehouse?

The revised fiduciary standard will make it simpler to answer the increasingly common client question, 'Are you a fiduciary?'

By Dan Candura