Industry News

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NEWS RETIREMENT PLANNING AUG 01, 2017
The upside-down 401(k) world is about to change

Parts of the 401(k) plan that are currently customized will become mass-produced, and vice versa.

By Fred Barstein
NEWS RIAS AUG 01, 2017
RIAs less optimistic about economy and stock market

They have higher hopes for global economy, TD Ameritrade survey finds.

By Bloomberg
NEWS PRACTICE MANAGEMENT JUL 31, 2017
LPL Financial benefits from flight of Wells Fargo advisers

Independent broker-dealer signs up 15 teams from the bank's wirehouse in the second quarter.

By Bruce Kelly
NEWS RETIREMENT PLANNING JUL 31, 2017
Number of experienced defined-contribution plan advisers to grow with DOL fiduciary rule

The most specialized retirement plan advisers control nearly 70% of adviser-held DC assets.

By Greg Iacurci
NEWS REGULATION AND LEGISLATION JUL 31, 2017
DOL fiduciary rule already proving to be harmful and onerous

The Financial Services Institute has urged the DOL to delay full implementation of the rule until April 10, 2019. But a delay alone will not be enough, according to the trade group.

By Dale Brown
NEWS LIFE INSURANCE AND ANNUITIES JUL 31, 2017
SEC charges four former reps with fraud for VA sales targeting federal employees

Brokers implied government affiliation or approval, says enforcement action

By InvestmentNews
NEWS REGULATION AND LEGISLATION JUL 31, 2017
Stifel CEO raises doubts about future of DOL rule

Ron Kruszewski doesn't think the DOL rule will be implemented on schedule — and may never take effect.

By Jeff Benjamin
NEWS INDUSTRY NEWS JUL 31, 2017
LPL's Dan Arnold: 'Uberization' is coming to advisers' offices

CEO says he wants to adopt a shared economy model to lower advisers' costs and make them more efficient.

By Bruce Kelly
NEWS RIAS JUL 31, 2017
Fidelity Investments fires another salvo in the fee wars

Mutual fund company announces fee cuts to 14 of its stock and bond index funds, claiming they have less expensive comparable funds than archrival Vanguard.

By John Waggoner
NEWS RIAS JUL 31, 2017
HighTower's president resigns

By Jeff Benjamin
NEWS RIAS JUL 31, 2017
Why RIAs are the future of financial advising

By Gillian Albert
NEWS RETIREMENT PLANNING JUL 28, 2017
Government to wind down Obama-era retirement savings program

The myRA program was available to workers with no employer-sponsored retirement plan, such as a 401(k), and with little money to invest.

By John Waggoner
NEWS RETIREMENT PLANNING JUL 28, 2017
Americans' savings rate sinks to lowest level in 9 years

Chances are, you aren't saving the way you used to.

By Bloomberg
NEWS PRACTICE MANAGEMENT JUL 28, 2017
Raymond James looks to replicate recruiting success on West Coast

The firm is looking to match its success in the Northeast, including last year's acquisition of Alex. Brown and a 2013 agreement to partner with Steward Partners.

By Bruce Kelly
NEWS REGULATION AND LEGISLATION JUL 28, 2017
Massachusetts regulator blasts SEC's Piwowar over fiduciary rule

William Galvin reiterates support for fiduciary standard in letter to DOL.

By InvestmentNews
NEWS REGULATION AND LEGISLATION JUL 28, 2017
Former Aegis Capital broker barred for skipping hearing

Kenneth L. Jones had been terminated for not disclosing outside business.

By InvestmentNews
NEWS RETIREMENT PLANNING JUL 28, 2017
Treasury Department to wind down Obama-era myRA retirement program

The program, which was aimed at workers with no employer-sponsored retirement plan and little money to invest, suffered from low demand and high costs

By John Waggoner
NEWS PRACTICE MANAGEMENT JUL 28, 2017
LPL's head count drops by almost 100 advisers in 2Q

Recruiting was down due to regulatory uncertainty, particularly over the DOL fiduciary rule, according to CEO Dan Arnold.

By Bruce Kelly
NEWS RETIREMENT PLANNING JUL 28, 2017
U.S. plummets on global ranking for retirement security

Norway, Switzerland and Iceland hold on to the top three slots.

By Bloomberg
Most women flunk retirement income literacy quiz
NEWS RETIREMENT PLANNING JUL 28, 2017
Most women flunk retirement income literacy quiz

Only 18% of retirement age women can pass a basic quiz about how to make a nest egg last in retirement.

By Mary Beth Franklin