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 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>
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.
Divorce distribution and management fees
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.
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.
The chairman of the House Rules Committee said in a letter that the rule would foist “mountains of paperwork” on financial planners while denying “access to quality investment advice” to millions of investors.
How advisers charge needs to start matching up with their value.
Offers guarantee on services.
Adviser Investments buys Braver Wealth Management, creating 80-person firm
While some call the annuities 'odious' due to complexity, others believe they're more straightforward than other annuity products.
In a lawsuit that has ramifications for financial advisers actor Johnny Depp has sued his former business managers, The Management Group, claiming that the firm engaged in gross mismanagement, self-dealing and fraud.
There are several ethical breaches in this tale, and not all of them land at the feet of the adviser.
Some experts anticipate the Trump administration will abandon the legal fight, but that hasn't happened yet.
A number of factors — DOL fiduciary, low interest rates and longevity — are coming together in favor of annuities if certain impediments are eliminated.
The wirehouse will break out fees for asset management services and products including mutual funds, alternative investments and commodities when it mails January account statements later this week
The record keeper joins three others &mdash; Fidelity, Voya and Xerox &mdash; in being sued over its relationship with the advice provider.
Adviser's approach can overcome client worries, such as that children won't have an incentive to work if they know how much they will inherit.
