But without enough votes to overturn a threatened presidential veto, assistant secretary of Labor Phyllis Borzi calls the action 'the usual Washington Kabuki theater.'
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
In the past two weeks, the tech giant has seen its stock tank 16.3% thanks to disappointing earnings report.
<i>Breakfast with Benjamin</i> The message is being put out loud and clear: investors want lower-cost investment products.
Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues
In the latest sign of the changes to come in the wake of the new DOL fiduciary rule, Charles Schwab is taking mutual funds with sales loads off its shelves.
Hopes to change name to S&P Global on Wednesday
Advisers should encourage clients to avoid taking on too large a loan in the first place, and implement repayment strategies to quickly pay down debt.
Fifty-two percent of Americans are at risk of a shortfall in retirement, based on data that includes an average student debt load of $18,000.
College graduates who studied medicine are in a far better position to pay back their student loans than grads who studied psychology, according to a new study.
Experts say the complexity of retirement income planning can set human advisers apart and justify their fees.
Advisers say taking a year off needs to be structured to pay off.
His six funds on average beat more than 90% of rivals
Plus: Hillary gets no love from T. Boone Pickens, former Treasury Secretary Larry Summer embraces Bitcoin, and Obama takes credit for changing Wall Street
File and suspend's elimination doesn't mean advisers should put Social Security planning on the shelf.
<i>Breakfast with Benjamin</i> Two types of investors are driving stocks' rally: Those who fear missing out on the rally, and those who see no alternatives to stocks.
The first installment of InvestmentNews' new <i>Fiduciary Focus</i> column looks inside the political wrangling taking place as the fiduciary rule nears finalization.
Revenue from commissions declined in the fourth quarter, as it has across the brokerage industry.
Retirement expert reflects on how she and her husband chose the number-one state for pre-retirees without even knowing it.
<i>InvestmentNews</i> senior columnist Bruce Kelly talks about the challenges facing indie B-Ds and what many firms are doing to survive.
