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2019 top independent broker-dealers ranked by revenue
NEWS BROKER DEALERS APR 24, 2019
2019 top independent broker-dealers ranked by revenue

By Ellie Zhu
Franklin plans to cut up to 5% of workforce
NEWS PRACTICE MANAGEMENT APR 23, 2019
Franklin plans to cut up to 5% of workforce

Fund company attempts to cut costs as it faces continued outflows.

By Bloomberg
Centerbridge said to be in talks to buy Advisor Group
NEWS ALTERNATIVES APR 23, 2019
Centerbridge said to be in talks to buy Advisor Group

Advisor Group's independent broker-dealer network in the U.S. has more than 7,000 advisers.

By Bloomberg
Fidelity sales tactics called out in settlement of retirement plan lawsuit
NEWS RETIREMENT PLANNING APR 23, 2019
Fidelity sales tactics called out in settlement of retirement plan lawsuit

Attorney Jerry Schlichter won a provision that prevents Fidelity from using participants' data to cross-sell products to them.

By Greg Iacurci
Wells Fargo annual meeting besieged by hecklers
NEWS INDUSTRY NEWS APR 23, 2019
Wells Fargo annual meeting besieged by hecklers

Interim CEO C. Allen Parker interrupted by shouts and demands from activists over bank abuses.

By Bloomberg
Merrill Lynch team managing $400 million moves to Raymond James
NEWS INDUSTRY NEWS APR 23, 2019
Merrill Lynch team managing $400 million moves to Raymond James

Trio in Auburn Hills, Mich., join firm's employee unit.

By InvestmentNews
Warren proposes canceling student debt for millions
NEWS INDUSTRY NEWS APR 22, 2019
Warren proposes canceling student debt for millions

Her campaign proposal would link the extent of loan forgiveness to individuals' household income.

By Bloomberg
Wells Fargo annual meeting 'less relevant' amid bank's CEO search
NEWS PRACTICE MANAGEMENT APR 22, 2019
Wells Fargo annual meeting 'less relevant' amid bank's CEO search

The bank's shares have fallen 3.1% since CEO Tim Sloan resigned, compared with a 6.5% gain for the KBW Bank Index.

By Bloomberg
Older Americans are twice as likely to work now as in 1985
NEWS RETIREMENT PLANNING APR 22, 2019
Older Americans are twice as likely to work now as in 1985

Retirement-age workers' participation rate in the labor force has cracked the 20% mark

By Bloomberg
The drawback of Richard Thaler's 401(k)-Social Security idea? Social Security itself
NEWS RETIREMENT PLANNING APR 22, 2019
The drawback of Richard Thaler's 401(k)-Social Security idea? Social Security itself

Observers think Congress would need to address Social Security's funding levels and offer enhanced protections for the concept to work.

By Greg Iacurci
Social Security funding outlook improves slightly
NEWS RETIREMENT PLANNING APR 22, 2019
Social Security funding outlook improves slightly

Retirement reserves extended one year; disability fund by 20 years

By Mary Beth Franklin
A new way to look at retirement income planning
NEWS OPINION APR 22, 2019
A new way to look at retirement income planning

Bucketed investing gives retirees an intuitive understanding of their finances, but administering this approach can be time-consuming for advisers

By Natalie Wolfsen
Finra reminds brokerages of a client's right to a straight answer
NEWS BROKER DEALERS APR 20, 2019
Finra reminds brokerages of a client's right to a straight answer

It's all about transparency: New guidance could help brokers on the move retain loyal clients.

By crain-api
IBD report: Another impressive year
NEWS BROKER DEALERS APR 20, 2019
IBD report: Another impressive year

Despite a stock market decline, revenue is up. And the streak isn't expected to end anytime soon.

By Bruce Kelly
Smart money is pouring into fixed income
NEWS RIAS APR 19, 2019
Smart money is pouring into fixed income

Tighter yield spreads, market risk and the threat of higher taxes are seen driving financial advisers toward bonds.

By Jeff Benjamin
When disclosing conflicts of interest, wiggle words like 'may' may not be good enough
NEWS RIAS APR 19, 2019
When disclosing conflicts of interest, wiggle words like 'may' may not be good enough

SEC's case pending in D.C. Circuit Court could change how ADVs are written

By Mark Schoeff Jr.
Variable annuity sales up big among independent broker-dealers
NEWS BROKER DEALERS APR 19, 2019
Variable annuity sales up big among independent broker-dealers

Interest-rate environment, growth of buffered annuities and loss of the DOL fiduciary rule helped grow sales by $3.7 billion last year.

By Greg Iacurci
Mariner to acquire $1.3 billion RIA in Florida
NEWS INDUSTRY NEWS APR 18, 2019
Mariner to acquire $1.3 billion RIA in Florida

Singer Xenos Schechter Sosler, based in Coral Gables, is firm's sixth acquisition this year.

By InvestmentNews
Richard Thaler wants to use 401(k)s to boost Social Security payments
NEWS RETIREMENT PLANNING APR 18, 2019
Richard Thaler wants to use 401(k)s to boost Social Security payments

The Nobel laureate wants to simplify drawing down retirement assets, which he thinks is 'way harder' than saving the money.

By Greg Iacurci
NEWS RETIREMENT PLANNING APR 18, 2019
Grown children may be hazardous to your wealth

Boomers continue to subsidize adult offspring at the expense of their own retirement.

By Mary Beth Franklin