Industry News

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NEWS RETIREMENT PLANNING MAR 01, 2017
IRS guidance on 401(k) hardship withdrawals clarifies uncertain terrain

Some see the guidelines as a way to button up rules and ensure participants aren't using 401(k) plans as a "piggy bank."

By Greg Iacurci
NEWS INDUSTRY NEWS FEB 28, 2017
Fidelity cuts commissions for online stock and ETF trades by nearly 40%

The new pricing is 50% lower than standard commission trades at E*Trade and Ameritrade and 28% lower than at Charles Schwab Corp.

By Bloomberg
NEWS REGULATION AND LEGISLATION FEB 28, 2017
OMB concludes review of measure delaying DOL fiduciary rule

In a posting on its <a href=&quot;https://www.reginfo.gov/public/do/eoDetails?rrid=127214&quot; style=&quot;color:#b10816&quot; target=&quot;_blank&quot;>website on Tuesday morning</a>, the Office of Management and Budget also noted that it changed the designation of the delay to &quot;economically significant.&quot;

By Mark Schoeff Jr.
Strict timeline governs health savings accounts and Medicare
NEWS RETIREMENT PLANNING FEB 28, 2017
Strict timeline governs health savings accounts and Medicare

Beware of a six-month look-back period and tax penalties.

By Mary Beth Franklin
NEWS INDUSTRY NEWS FEB 28, 2017
Fee war rages on as Schwab slashes commissions to match Fidelity

Charles Schwab cuts its online retail trade commission to $4.95 from $6.95, matching a cut Fidelity made about 10 hours earlier.

By Bloomberg
NEWS RIAS FEB 28, 2017
RIAs embrace the tough-love feedback of advisory boards

Letting clients help direct practice management decisions can have many upsides.

By Jeff Benjamin
NEWS REGULATION AND LEGISLATION FEB 28, 2017
Delay of DOL fiduciary rule faces new challenges

Office of Management and Budget designates the delay 'economically significant,' making it more difficult for DOL to justify stall.

By Mark Schoeff Jr.
NEWS FINTECH FEB 28, 2017
Digital marketing strategies take years to perfect, but can yield prospects galore

Inbound marketing involves creating an impactful website, attracting interest to that site and building trust with visitors to inspire them to become clients.

By Liz Skinner
NEWS RETIREMENT PLANNING FEB 28, 2017
Empower telling 401(k) clients it won't be a fiduciary when DOL rule kicks in

Some observers question the move and at least one believes the firm may still be a fiduciary no matter what it claims.

By Greg Iacurci
NEWS EQUITIES FEB 27, 2017
Markets looking for policy details in Trump's speech

Some say it is critical for president to start outlining specifics on his pro-growth agenda to keep the rally going &#8203;&#32;

By Bloomberg
NEWS REGULATION AND LEGISLATION FEB 27, 2017
Fate of fiduciary rule rides on regulators' political savvy

Acting Securities and Exchange Commission Chairman Michael Piwowar outlines ways to help 'forgotten investor,' but fiduciary duty is conspicuously absent.

By Mark Schoeff Jr.
NEWS INDUSTRY NEWS FEB 27, 2017
How value investors succeed during market volatility

A disciplined value strategy may provide investors with a more tolerable experience in the downward-trending phase and a potentially rewarding experience across the full market cycle.

By Kimball Brooker, Jr.
NEWS PRACTICE MANAGEMENT FEB 27, 2017
5 ways to build quality financial plans amid DOL fiduciary rule uncertainty

The firms and advisers that are able to embrace the shift from a sales culture to one comprised of goals-based planning will thrive.

By Kevin Knull
NEWS RIAS FEB 27, 2017
More reps plan shift to fees post-DOL: Cerulli report

Nearly two-thirds (64%) of broker-dealer advisers plan to shift more of their business to a fee-based model if the Department of Labor's fiduciary rule is put into effect, according to a report from Cerulli Associates.

By InvestmentNews
NEWS PRACTICE MANAGEMENT FEB 27, 2017
DOL rule slows down wirehouse recruiting and crimps bonuses

Even though the fiduciary rule's future is in doubt, wirehouses are downsizing the bonuses they are offering veteran brokers to jump ship.

By Bloomberg
NEWS PRACTICE MANAGEMENT FEB 27, 2017
Wells Fargo loses $375M team to Raymond James

Preston Covington III and team expand firm's coverage to Columbia, S.C.

By Bloomberg
NEWS INDUSTRY NEWS FEB 26, 2017
College planning programs in need of financial aid

Schools tell firms to hand over some funds if they want to have advisers down the road.

By Liz Skinner
NEWS RETIREMENT PLANNING FEB 26, 2017
State, local auto-IRA initiatives benefit 'forgotten' workers

Automatic-enrollment IRA programs would encourage employees to save for retirement.

By crain-api
NEWS INDUSTRY NEWS FEB 24, 2017
Trump rally on verge of setting a record

By Bloomberg
NEWS RETIREMENT PLANNING FEB 24, 2017
Demographic shift of retirees to affect consumer spending

Major demographic shifts over the next decade will have a dramatic affect on U.S. consumer spending, which in turn will influence the overall economy, specific industry sectors and individual stocks, according to a new report from The Conference Board.

By Mary Beth Franklin