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Pershing names Hardwick COO as Dolly steps into CEO role
NEWS RIAS FEB 04, 2016
Pershing names Hardwick COO as Dolly steps into CEO role

Lori Hardwick is joining from Envestnet and will start at the end of the month.

By Christine Idzelis
Obama proposes curbs to retirement-savings tax incentives for wealthy, heirs
NEWS RETIREMENT PLANNING FEB 04, 2016
Obama proposes curbs to retirement-savings tax incentives for wealthy, heirs

The measures, which affect 401(k) and IRA limits and beneficiary withdrawals, have been proposed in previous budgets to no avail, but still worry financial industry groups.

By Mark Schoeff Jr.
Legislative efforts to stop DOL fiduciary rule destined to fail, ERISA attorney says
NEWS REGULATION AND LEGISLATION FEB 04, 2016
Legislative efforts to stop DOL fiduciary rule destined to fail, ERISA attorney says

Flurry of legislative efforts to kill the controversial rule likely to fail, and the rule is a question of when, not if.

By InvestmentNews Staff
TD Ameritrade to acquire FA Insight for big data
NEWS FINTECH FEB 04, 2016
TD Ameritrade to acquire FA Insight for big data

The research firm was acquired to help TD better deliver big data capabilities to RIAs.

By Alessandra Malito
Advisers need to bone up on DOL fiduciary
NEWS REGULATION AND LEGISLATION FEB 04, 2016
Advisers need to bone up on DOL fiduciary

Independent financial advisers should heed two upcoming rules that may require operational changes, as well as recognize the overall aggressive regulatory environment coming out of the SEC.

By Liz Skinner
Senators introduce three bills to stop DOL fiduciary rule
NEWS REGULATION AND LEGISLATION FEB 04, 2016
Senators introduce three bills to stop DOL fiduciary rule

While the House has been active considering similar legislation, this marks the first time the Senate is jumping into the fray.

By Mark Schoeff Jr.
Two bills to stop DOL fiduciary rule advance in House
NEWS RETIREMENT PLANNING FEB 04, 2016
Two bills to stop DOL fiduciary rule advance in House

The two bills would require Congress to approve the rule. Fight on a best-interests standard is now split straight down party lines.

By Mark Schoeff Jr.
Retirement income hit with highest effective tax rates
NEWS RETIREMENT PLANNING FEB 04, 2016
Retirement income hit with highest effective tax rates

New software helps advisers maximize spendable income for clients.

By Mary Beth Franklin
What robo-advisers do right
NEWS FINTECH FEB 04, 2016
What robo-advisers do right

Retail robos have a lot to offer investors, but are they really as good as they seem?

By Sheryl Rowling
NEWS BROKER DEALERS FEB 04, 2016
Independent broker-dealers prepare for the reality of the DOL fiduciary rule

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING FEB 04, 2016
DOL fiduciary rule could take $2.4 billion bite out of financial services industry

Implementing the standard on retirement accounts could reduce annual revenues by more than twice current estimates, according to a Morningstar report.

By Bruce Kelly
NEWS PRACTICE MANAGEMENT FEB 04, 2016
Advisers: Luke Skywalker you are not, Yoda you must be

A common mistake is painting yourself as the hero instead of your clients.

By Brad Johnson
Apollo, Schorsch's AR Capital call off $378M deal
NEWS BROKER DEALERS FEB 04, 2016
Apollo, Schorsch's AR Capital call off $378M deal

The REIT czar is not selling his real estate management business to the private equity giant.

By Bruce Kelly
Social Security details new rules on claiming strategies
NEWS RETIREMENT PLANNING FEB 03, 2016
Social Security details new rules on claiming strategies

But the Social Security Administration still has no guidelines for file-and-suspend deadlines.

By Mary Beth Franklin
U.S. stocks rise amid dovish Yellen
NEWS INDUSTRY NEWS FEB 03, 2016
U.S. stocks rise amid dovish Yellen

U.S. stocks rose in choppy trading, while Treasuries and the dollar were little changed as Janet Yellen indicated the Federal Reserve won't be in a rush to tighten monetary policy amid heightened financial-market turmoil. Strength in the yen spurred intervention warnings.

By Bloomberg
NEWS EQUITIES FEB 03, 2016
Survey: African-American investors optimistic

African-Americans are more bullish on the stock market than they have ever been, but still feeling sting from the U.S. real estate crash.

By John Waggoner
NEWS RETIREMENT PLANNING FEB 03, 2016
How much money is your spouse hiding from you?

A new study finds about 13 million Americans have squirreled away a checking, savings or credit-card account from live-in partners.

By Bloomberg
BlackRock's Fink says 400 energy companies may not survive cheap oil
NEWS INDUSTRY NEWS FEB 03, 2016
BlackRock's Fink says 400 energy companies may not survive cheap oil

Laurence D. Fink, chairman of BlackRock Inc., the world's largest money manager, said as many as 400 energy companies may not survive because oil prices are not high enough for them to meet their debt obligations.

By Bloomberg
ETF launches test the limits of creativity and logic
NEWS EQUITIES FEB 03, 2016
ETF launches test the limits of creativity and logic

If there's a will, there's a way to package it into an ETF.

By Jeff Benjamin
SEC's White says private placement fundraising booming, but fraud is not
NEWS INDUSTRY NEWS FEB 03, 2016
SEC's White says private placement fundraising booming, but fraud is not

She notes that advertising of sophisticated investments has been muted.

By Bruce Kelly