The move is part of an enhanced digital approach the firm plans to roll out in stages over the next several months.
Clients in need of reassurance, according to a survey of financial advisers who custody assets with Charles Schwab.
The managed payout funds have an optional feature that automatically calculates and distributes an investor's RMD from the account.
Initiative is part of an effort to crack down on brokers who move from firm to firm and put investors at risk.
Plaintiffs alleged Merrill Lynch didn't apply fee discounts for mutual funds to which some small retirement plans were entitled.
The 88-year-old is still fully invested in U.S. securities, despite a chorus of market experts urging investors to look elsewhere.
The $16.75 million settlement comes after 10 years of litigation.
Volatile cryptocurrency down 13% Monday after sharp runup.
Lawrence M. Thomas refused to appear for testimony in connection with sales of the product.
What to consider when helping clients sufficiently insure their most significant asset
As some provisions are implemented, the regulation's future remains a mystery. <i>(</i><b>More:</b><i>​ </i><i><b><a href="http://www.investmentnews.com/section/fiduciary-faq" style="color:#b10816" target="_blank">FAQs shed light on nuts and bolts of DOL rule</a></b></i><i>)</i>
Those who are already receiving benefits could get a boost from a cost-of-living adjustment projected for next year. But will it make up for the negative impact of rising inflation?
The team is comprised of four-advisers, working in Paramus, N.J.
These strategies can help stave off the increase in taxes that required minimum distributions usually cause.
Lawrence Allen DeShelter faces 20 years in prison.
Some wait for Trump to conclude review before telling clients about rule.
Firms have trimmed their lineups of investment products, leveled broker compensation and standardized compensation across product lines
<i>InvestmentNews</i> senior reporter Mark Schoeff Jr. gets the skinny on the next phase of the fiduciary rule's rollout.
Relying on mainstream concepts is becoming dangerous for retirement plan advisers when working with clients.
The regulation will trigger a fiduciary acknowledgement from advisers. But, strangely, it's not a disclosure mandated by the rule itself.
