Industry News

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NEWS RETIREMENT PLANNING APR 26, 2018
AARP seeks to defend DOL fiduciary rule in 5th Circuit

Massive interest group has concerns the Labor Department will not request a rehearing of its vacated regulation by April 30 deadline.

By Mark Schoeff Jr.
NEWS PRACTICE MANAGEMENT APR 26, 2018
Why your top producers aren't happy

Three ways to unleash advisers and boost their satisfaction.

By Donna Bristow
NEWS RIAS APR 26, 2018
401(k) record-keeper consolidation is about to heat up

Advisers who don't prepare could suffer severe reputational harm.

By Fred Barstein
NEWS RIAS APR 26, 2018
LPL announces another round of price cuts at its corporate RIA

The move, in line with other price reductions at the broker-dealer, could help LPL attract advisers.

By Bruce Kelly
NEWS REGULATION AND LEGISLATION APR 26, 2018
California, New York, Oregon and AARP petition court to defend DOL fiduciary rule

The state attorneys general and AARP are asking for the full 5th Circuit Court of Appeals to rehear the case.

By Mark Schoeff Jr.
NEWS FINTECH APR 26, 2018
Cetera using financial planning technology to help advisers sell insurance

Cetera Financial Institutions sees insurance as a unique growth opportunity for bank and credit union wealth management programs.

By Ryan W. Neal
NEWS REGULATION AND LEGISLATION APR 26, 2018
SEC advice rule: Jay Clayton says brokers must adhere to 'fiduciary principles'

However, he believes they also deserve a different standard of care from investment advisers.

By Greg Iacurci
NEWS RIAS APR 26, 2018
Hybrid managing $325 million at Royal Alliance switches to Triad

Cirrus Wealth Management in Cleveland has four advisers, four staff.

By InvestmentNews
NEWS RIAS APR 25, 2018
DOL fiduciary rule spurred IRA rollover improvements, state regulators say

NASAA report finds broker-dealers are better informing investors.

By InvestmentNews
NEWS INDUSTRY NEWS APR 25, 2018
Vanguard divides record-keeping duties amongst 2 firms

Record-keeping duties of firm's self-directed brokerage and non-qualified plan business to be transferred to TD Ameritrade and Newport Group, respectively.

By Robert Steyer
NEWS RETIREMENT PLANNING APR 25, 2018
Future retirees expect Social Security to be main source of income

Survey found many clients would switch advisers to get claiming advice.

By Mary Beth Franklin
NEWS INDUSTRY NEWS APR 25, 2018
Why Schwab's CEO bets you won't be trading stocks on Amazon

Entering the financial services space means inviting 'the Federal Reserve into every single thing you do,' Bettinger says.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES APR 25, 2018
Indexed annuities likely to rebound after dip in sales last year

An increase in market volatility, higher interest rates and dissipating anxiety around the Labor Department's fiduciary rule are improving the product outlook.

By Greg Iacurci
NEWS INDUSTRY NEWS APR 24, 2018
Merrill loses $123 million adviser to hybrid

Ric Kellogg joins IHT Wealth Management in Texas.

By Bloomberg
NEWS REGULATION AND LEGISLATION APR 24, 2018
Finra touts improvements during first year of Finra 360 operational review

Critics say the changes so far don't go far enough.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING APR 24, 2018
Employees say workplace retirement plan will be a major retirement income source

Workers are less confident about the role Social Security will play in their retirement, EBRI survey shows.

By Robert Steyer
Labor Department says ESG investments aren't always `prudent'
NEWS RETIREMENT PLANNING APR 24, 2018
Labor Department says ESG investments aren't always `prudent'

Socially responsible investors say rules could sow confusion among managers

By Bloomberg
NEWS RIAS APR 24, 2018
The unique nature of working with celebrity clients

Athletes and entertainers are just like everyone else — aside from complex tax issues, a lack of financial savvy and a need for prenups

By Jeff Benjamin
NEWS REGULATION AND LEGISLATION APR 24, 2018
Ameriprise CEO James Cracchiolo welcomes new SEC advice rule

He says the proposal is more appropriate than the DOL fiduciary rule.

By Bruce Kelly
NEWS WIREHOUSES APR 24, 2018
Merrill Lynch fires Chicago star broker Bruce Lee

A perennial member of Barron's list of top financial advisers, his team managed nearly $3 billion in client assets

By Bruce Kelly