Industry News

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Investment firms jostle to manage $100 billion at endowments
NEWS INDUSTRY NEWS AUG 26, 2016
Investment firms jostle to manage $100 billion at endowments

By Bloomberg
Advisers should help millennials understand hazards of tapping 401(k) savings
NEWS RETIREMENT PLANNING AUG 26, 2016
Advisers should help millennials understand hazards of tapping 401(k) savings

Even the lesser evil of taking loans from retirement accounts requires close attention, and often should be a financial solution of last resort.

By Liz Skinner
NEWS EQUITIES AUG 26, 2016
Blaming the 401(k) for lack of retirement savings

Plus: U.S. oil production could derail oil rally, a cash management strategy ahead of October's rule change, and bond ladders still make sense

By Jeff Benjamin
4 ways you could be getting shortchanged on your 401(k)
NEWS RETIREMENT PLANNING AUG 26, 2016
4 ways you could be getting shortchanged on your 401(k)

A mounting number of lawsuits against retirement plans allege excessive fees and a lack of attention to plan design.

By Bloomberg
The risky but necessary bet on dividends for income
NEWS EQUITIES AUG 26, 2016
The risky but necessary bet on dividends for income

Advisers should not forget overall portfolio construction objectives when chasing dividend yields.

By Jeff Benjamin
Surprising trials of passing down vacation homes
NEWS RETIREMENT PLANNING AUG 26, 2016
Surprising trials of passing down vacation homes

Advisers can help clients work out sibling issues and transfer homes successfully

By Liz Skinner
NEWS EQUITIES AUG 26, 2016
Morningstar demystifies 401(k) loans

Plus: DOJ move sends prison stocks to the hole, SEC wants cleaner earnings reports, and proof that faster food can be healthier food

By Jeff Benjamin
U.S. interest rates will rise soon - perhaps rapidly: Alan Greenspan
NEWS INDUSTRY NEWS AUG 26, 2016
U.S. interest rates will rise soon - perhaps rapidly: Alan Greenspan

By Bloomberg
Key principles to guide corporate governance procedures for the IBD space
NEWS BROKER DEALERS AUG 26, 2016
Key principles to guide corporate governance procedures for the IBD space

A board of directors should exist to serve the interests of the company and its key stakeholders — not the other way around.

By Robert Moore and Larry Roth
NEWS FIXED INCOME AUG 26, 2016
The Fed might have to give money directly to consumers

Plus: Honoring SPY, you will be voting for bigger deficits, and broke millennials as a voting bloc

By Jeff Benjamin
NEWS PRACTICE MANAGEMENT AUG 26, 2016
Despite lawsuits, DOL is working with advisers to help implement fiduciary rule

By Mark Schoeff Jr.
The SEC bars Logos Wealth Advisors founder, fund manager for fraudulently raising money
NEWS RIAS AUG 25, 2016
The SEC bars Logos Wealth Advisors founder, fund manager for fraudulently raising money

Paul Mata gave presentations to church groups promising “Finances God's Way,” the SEC said.

By Christine Idzelis
World's biggest pension fund takes $52 billion hit as stocks sink
NEWS EQUITIES AUG 25, 2016
World's biggest pension fund takes $52 billion hit as stocks sink

Japan's Government Pension Investment Fund loses 3.9%, erasing gains from previous six quarters.

By CNELSON
California poised to pass state retirement savings law
NEWS RETIREMENT PLANNING AUG 25, 2016
California poised to pass state retirement savings law

Within days, the governor of America's largest state is expected to provide access to nearly 7 million people without a retirement plan through the workplace.

By Greg Iacurci
Edward Jones faces proposed class action lawsuit over excessive 401(k) fees
NEWS RETIREMENT PLANNING AUG 25, 2016
Edward Jones faces proposed class action lawsuit over excessive 401(k) fees

The lawsuit continues a barrage of litigation filed in recent weeks related to fiduciary breaches in retirement plans.

By Greg Iacurci
Social Security drops cell phone mandate
NEWS RETIREMENT PLANNING AUG 25, 2016
Social Security drops cell phone mandate

Agency apologizes and says it will pursue other security authentication options.

By Mary Beth Franklin
Wells Fargo names David Kowach to head brokerage business
NEWS INDUSTRY NEWS AUG 25, 2016
Wells Fargo names David Kowach to head brokerage business

Mr. Kowach replaces Mary Mack, who now oversees community banking.

By Christine Idzelis
California, fund industry spar over automatic retirement savings plan Secure Choice
NEWS RETIREMENT PLANNING AUG 25, 2016
California, fund industry spar over automatic retirement savings plan Secure Choice

The Investment Company Institute blasts the state over its plans to exclude mutual funds from the proposed Secure Choice program.

By John Waggoner
Americans vote 'yes' to free college, 'no' to taxes to pay for it
NEWS INDUSTRY NEWS AUG 25, 2016
Americans vote 'yes' to free college, 'no' to taxes to pay for it

While 62% said they support debt-free university tuition in a recent poll, 48% said they would not be willing to pay more in federal taxes to fund free college.

By Bloomberg
NEWS BROKER DEALERS AUG 25, 2016
Medical Capital executive gets 10-year sentence for private placement fraud

Joseph J. Lampariello also ordered to pay nearly $40 million in restitution.

By Bruce Kelly