Industry News

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NEWS BROKER DEALERS APR 24, 2015
LPL to weigh in on tax reform with new federal policy push

Nicole Petrosino, LPL's new head of federal government relations, outlines the firm's agenda, including getting advisers in front of their own elected officials

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING APR 23, 2015
Which is better, an active or passive target date fund?

Over the long term the two types of funds have similar returns, Morningstar finds.

By Robert Steyer
NEWS RETIREMENT PLANNING APR 23, 2015
Active or passive target-date funds have similar returns, Morningstar finds

Actively managed and passively managed target-date funds produce similar investment returns over longer time frames, new research shows.

By Robert Steyer
NEWS RETIREMENT PLANNING APR 23, 2015
Target date funds are working but they can be expensive

Target date funds are throwing off solid returns and protecting investors from their worst instincts. But they can be expensive.

By Bloomberg
DOL fiduciary rule fails by only focusing on fees and expenses
NEWS OPINION APR 23, 2015
DOL fiduciary rule fails by only focusing on fees and expenses

Fees and expenses matter, but in a procedurally prudent investment process, their management should account for less than 10% of a fiduciary's total efforts

By Don Trone
NEWS RIAS APR 23, 2015
Schorsch's RCS Capital closes Cetera Financial Group acquisition

The $1.15 billion deal brings in 6,600 reps and four B-Ds under the RCAP umbrella.

By Bruce Kelly
NEWS FINTECH APR 22, 2015
The challenge of becoming paperless

A tale of finding a solution to the yellow pad.

By Sheryl Rowling
Lessons to learn from the last Nasdaq bubble
NEWS EQUITIES APR 22, 2015
Lessons to learn from the last Nasdaq bubble

<i>Breakfast with Benjamin</i>: The Nasdaq is back to 2000 levels, but everything else is different.

By Jeff Benjamin
LPL cuts cash bonuses for top three executives in 2014
NEWS BROKER DEALERS APR 22, 2015
LPL cuts cash bonuses for top three executives in 2014

CEO Mark Casady takes biggest hit; $1.5M bonus is down 41% from previous year

By Bruce Kelly
Mario Gabelli signs on to Eaton Vance's NextShares
NEWS ETFS APR 22, 2015
Mario Gabelli signs on to Eaton Vance's NextShares

$47 billion money manager takes first move in burgeoning exchange-traded product world

By Trevor Hunnicutt
Going paperless: Advice industry takes on challenge
NEWS FINTECH APR 22, 2015
Going paperless: Advice industry takes on challenge

In an industry notorious for documents and signatures, firms welcome chance to automate

By Joyce Hanson
More workers feel confident about retirement: EBRI
NEWS RETIREMENT PLANNING APR 21, 2015
More workers feel confident about retirement: EBRI

New report also finds more people expect to retire after 65 but the median retirement age remains stuck at 62.

By Bloomberg
More workers feel confident about their retirement: EBRI
NEWS RETIREMENT PLANNING APR 21, 2015
More workers feel confident about their retirement: EBRI

New report also finds more people expect to retire after 65 but the median retirement age remains stuck at 62.

By Bloomberg
The 3 surprises billionaire investor Stan Druckenmiller is expecting
NEWS INDUSTRY NEWS APR 21, 2015
The 3 surprises billionaire investor Stan Druckenmiller is expecting

Former hedge fund manager, with one of the best long-term track records, thinks a rate hike is still a long way off.

By Bloomberg
Millennials to financial advisers: #DoingitWrong
NEWS INDUSTRY NEWS APR 21, 2015
Millennials to financial advisers: #DoingitWrong

A millennial working in financial services says advisers need to 'comprehensively' change their business models and practices to gain that generation as clients.

By Jessica Lynn Rabe
NEWS BROKER DEALERS APR 21, 2015
Schorsch shows he's a major player in the independent broker-dealer industry

Nick Schorsch, who over the past five years grew to dominate the nontraded REIT business, this week put the independent broker-dealer industry on notice that he is a force to be reckoned with in that industry as well, with two deals in two days that would put his network second to LPL in rep headcount.

By Bruce Kelly
NEWS LIFE INSURANCE AND ANNUITIES APR 20, 2015
Mutual of Omaha jumps into hot indexed universal life insurance market

IUL now makes up the majority of all universal life insurance sales, and more insurers are looking to take advantage of the rising popularity.

By Greg Iacurci
NEWS LIFE INSURANCE AND ANNUITIES APR 20, 2015
Allianz refreshes fixed-index universal life insurance lineup

Insurer will update an index and add a bonus in the eleventh year.

By Trevor Hunnicutt
NEWS FINTECH APR 20, 2015
Question for advisers: Why did Verizon buy dial-up dinosaur AOL?

Because the company has its sights on mobile, and so should you.

By Alessandra Malito
NEWS FINTECH APR 20, 2015
Where are people searching for financial advisers, planners and brokers?

By Ellie Zhu