LPL among the firms to benefit from the expanded distribution of financial advice
Picks up two Merrill Lynch groups with nearly $2 billion in assets; more deals might be on the horizon.
The deals promised tax deductions worth four to four-and-a-half times a person's investment.
Lobbyists say the move could come as soon as Friday afternoon, or Monday, in the form of a directive to acting agency heads to postpone and review regulations that aren't yet operational.
The company's founders, who hail from Financial Engines, have grown the new business to $100 million in assets.
Allegations include receiving travel, prostitutes and drugs for steering business to two broker-dealers.
Bobby Eugene Guess, who promoted himself as a financial maven through radio advertising and financial seminars, was indicted on charges related to the multi-million-dollar sale of investments in an internet advertising company.
Severance pay does not count, nor do trailing insurance commissions.
Letter to 33 companies asks six questions, including whether they support the delay or would reverse course on changes already implemented if a delay occurs.
And passive once again clobbers active.
Severance pay does not count, nor do trailing insurance commissions.
Donald Trump can undo the new rules on financial advisers but not the new skepticism of their advice.
Seventy percent of Americans get a refund after filing their income taxes, yet many of us would rather go to the dentist than do the paper work.
Bid/ask spreads fall as volume rises.
The most surprising aspect of the second round of adviser FAQs is they concentrate on behaviors that will legally and appropriately circumvent fiduciary accountability.
Ms. White is departing the agency at noon on Friday, just as President-elect Donald Trump is sworn-in.
A Consumer Federation of America report says broker-dealers and trade groups claim they are advisers when marketing to the public but salesmen when fighting the DOL fiduciary rule in court.
If granted, the change would make it easier for some indexed annuity distributors to sell commission products under the Labor Department regulation.
Advicent's Naviplan software will broaden advisers' view of client financial picture.
Differentiating themselves from brokers would be easier now that debate has raised investor awareness of the role of a fiduciary
