Industry News

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NEWS RETIREMENT PLANNING FEB 16, 2017
Many millennials see debt as a dating deal breaker

Thirty-nine percent of millennials would rather disclose a preexisting sexually transmitted disease to a potential partner than reveal their debt.

By Bloomberg
NEWS RETIREMENT PLANNING FEB 16, 2017
New York Life settles 401(k) lawsuit for $3 million

The firm allegedly engaged used an expensive proprietary fund to enrich itself at the expense of plan participants.

By Greg Iacurci
NEWS INDUSTRY NEWS FEB 16, 2017
Trump nominates ex-NLRB member R. Alexander Acosta as Labor secretary

President Donald J. Trump named R. Alexander Acosta as his new nominee for Labor secretary, the first Hispanic in his cabinet.

By Bloomberg
NEWS REGULATION AND LEGISLATION FEB 16, 2017
Awaiting new Labor secretary, staff takes on larger role in fiduciary rule's fate

Putting together a new cost-benefit analysis could be tricky for DOL staff, who spent the last six years working on a regulation that already was assessed and has been upheld by three court decisions so far.

By Mark Schoeff Jr.
Lifestyle changes can add up to big savings for retirement
NEWS RETIREMENT PLANNING FEB 16, 2017
Lifestyle changes can add up to big savings for retirement

Regular and well-informed course corrections can help you become more comfortable financially and enjoy retirement even more.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING FEB 15, 2017
House votes to kill DOL's state, city auto-IRA rules

By Greg Iacurci
NEWS INDUSTRY NEWS FEB 15, 2017
Finra slaps LPL with $900,000 fine for record-keeping snafu

Firm failed to send, or create records that it had sent to customers more than 1.6 million required account notices during the previous 36-month period.

By Bruce Kelly
NEWS FINTECH FEB 15, 2017
Robo-advice goes bilingual

RIA Finhabits launches mobile platform in English and Spanish.

By InvestmentNews
NEWS INDUSTRY NEWS FEB 15, 2017
Riskalyze introduces portfolio construction, other tools

New products intended to enhance client engagement, account automation

By InvestmentNews
NEWS IRA ALERT FEB 14, 2017
How to help millennials avoid big mistakes with their IRAs

Steer young investors away from these common moves that can have a significant negative impact in retirement.

By Ed Slott
NEWS FINTECH FEB 14, 2017
Fintechs feature DOL fiduciary tools at T3

80-plus firms ready to help advisers decide where to spend their tech budgets

By Liz Skinner
NEWS RETIREMENT PLANNING FEB 14, 2017
Funds with revenue-sharing fees can be cheapest option in 401(k) plans

Some record keepers have the capability to rebate these fees and only charge the asset management fee, resulting in a lower net cost than some zero-revenue-share funds.

By Greg Iacurci
Working to spark a global movement for pro bono financial planning
NEWS OPINION FEB 14, 2017
Working to spark a global movement for pro bono financial planning

Many lives would be changed if pro bono financial planning could be brought to vulnerable people around the globe.

By Jon Dauphiné
NEWS INDUSTRY NEWS FEB 13, 2017
4 questions to improve your target date fund selection process

As TDFs continue to grab more 401(k) assets, it's important to have a sound fund selection process with clients.

By Aaron Pottichen
NEWS INDUSTRY NEWS FEB 13, 2017
Former broker barred for bilking elderly client

Kelly Clayton Althar allegedly generated $91K in commissions from elderly client with $308K in assets

By Bruce Kelly
3 questions independent broker-dealers should ask private equity product sponsors
NEWS BROKER DEALERS FEB 13, 2017
3 questions independent broker-dealers should ask private equity product sponsors

While private equity could become a positive force in the retail alternatives space, not all sponsors are created equal.

By Clive Slovin
NEWS INDUSTRY NEWS FEB 13, 2017
Higher Medicare and household expenses biggest financial shockers in retirement

Mix of spending changes but total outlays don't go down, retirees say

By InvestmentNews
NEWS RETIREMENT PLANNING FEB 13, 2017
Blackstone acquisition of Aon Hewitt could signal push by private equity into 401(k) plans

Blackstone executives have signaled their intent at breaking into the $5 trillion 401(k) market, and buying Aon Hewitt's DC record-keeping business may be the first step.

By Greg Iacurci
NEWS REGULATION AND LEGISLATION FEB 13, 2017
Sen. Elizabeth Warren presses Andrew Puzder on DOL fiduciary rule

Asks Trump's nominee for secretary of Labor how he'll evaluate the retirement advice regulation.

By Mark Schoeff Jr.
NEWS MUTUAL FUNDS FEB 13, 2017
Lower taxes could hit municipal bond yields

Individual and corporate tax reform add uncertainty to staid market.

By John Waggoner