Industry News

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NEWS REGULATION AND LEGISLATION MAR 21, 2018
What to watch for next with the DOL fiduciary rule

Much hinges on whether the Labor Department appeals the 5th Circuit decision by April 30.

By Mark Schoeff Jr.
NEWS WIREHOUSES MAR 21, 2018
Firms exiting broker protocol will suffer, reps say

Firms that help reps make change are more attractive, Fidelity survey finds.

By Bloomberg
NEWS RETIREMENT PLANNING MAR 21, 2018
Aon Hewitt wins 401(k) lawsuit over robo-adviser kickbacks

It's the fourth time a retirement-plan record keeper has prevailed in a lawsuit scrutinizing fees received from Financial Engines.

By Greg Iacurci
NEWS INDUSTRY NEWS MAR 21, 2018
Wells Fargo loses rep managing $170 million to Raymond James

Jason Hemeon joins firm's employee unit in the Washington suburbs.

By InvestmentNews
NEWS INDUSTRY NEWS MAR 21, 2018
Federal Reserve hikes interest rates

Policy makers forecast more hikes than previously in 2019 and 2020, citing an improving economic outlook.

By Bloomberg
NEWS INDUSTRY NEWS MAR 21, 2018
Finra bars former Royal Alliance rep who skipped hearing

Gary Basralian resigned after a client accused him of fraud and breach of contract.

By Bloomberg
NEWS INDUSTRY NEWS MAR 21, 2018
Jim Rogers says trade war is making him even more bearish

Veteran asset manager currently favors investments in Russia, China, Japan and Vietnam.

By Bloomberg
NEWS ETFS MAR 20, 2018
ETF outflows show growing distaste for U.S. dollar

Investors pull assets from funds that guard against foreign exchange risk.

By Bloomberg
NEWS REGULATION AND LEGISLATION MAR 20, 2018
Finra looks to streamline broker-dealer exams

CEO Robert Cook says three examination teams may be consolidated.

By Mark Schoeff Jr.
NEWS INDUSTRY NEWS MAR 20, 2018
LPL expands securities-based loans through Goldman Sachs

Some clients using Goldman's program will be able to obtain a loan in days, instead of weeks.

By Bruce Kelly
NEWS RETIREMENT PLANNING MAR 20, 2018
Social Security benefits losing buying power

Low inflation combined with rising Medicare costs threaten the adequacy of seniors' income.

By Mary Beth Franklin
NEWS RIAS MAR 19, 2018
Going independent — what does that really mean?

Advisers don't always understand the pros and cons of the various business structures available to them.

By Jodie Papike
NEWS REGULATION AND LEGISLATION MAR 19, 2018
SEC forging ahead on fiduciary rule despite DOL rule decision in 5th Circuit

Chairman Jay Clayton says 'the sooner the better' when asked when an SEC fiduciary rule will be ready.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING MAR 19, 2018
Senior Wells Fargo exec: No FBI interviews here

Memo denies Journal's claim that the FBI interviewed employees in the bank's wealth management group.

By Bruce Kelly
NEWS OPINION MAR 19, 2018
Why money managers are paid so much is a mystery

There are many possible reasons, but market-beating performance isn't one of them

By Noah Smith
NEWS RIAS MAR 19, 2018
Future for RIAs bright and challenging

United Capital's Matt Brinker talks about the outlook for independent financial advisory firms.

By Jeff Benjamin
NEWS OPINION MAR 17, 2018
Your role in people's happiness

Financial wellness brings a lot more to an individual than peace of mind.

By Warren Cormier
NEWS RETIREMENT PLANNING MAR 17, 2018
Growing pains for 401(k) advisers

Support for newbies dwindles as fees decline and profits shrink.

By Fred Barstein
NEWS RETIREMENT PLANNING MAR 17, 2018
Questions to ask to stay compliant as rules change

Advisers must figure out how state, SEC and insurance regulations will affect their businesses

By David N. Levine and Kevin L. Walsh
NEWS RETIREMENT PLANNING MAR 17, 2018
Passive target-date funds? No such thing

Glide path requires active decisions from a manager

By John Waggoner