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DOL clarifies that insurance firms qualify for best-interest contract exemption under fiduciary rule
NEWS PRACTICE MANAGEMENT JUL 07, 2016
DOL clarifies that insurance firms qualify for best-interest contract exemption under fiduciary rule

The agency posted 13 technical corrections Thursday, one of which deletes six words that have caused confusion about use of the BICE.

By Mark Schoeff Jr.
Court date set for lawsuit against DOL fiduciary rule
NEWS RETIREMENT PLANNING JUL 07, 2016
Court date set for lawsuit against DOL fiduciary rule

Market Synergy's lawsuit, one of several targeting the Labor Department regulation, is set for Aug. 24 in a Kansas district court.

By Greg Iacurci
Managed futures funds took some of the sting out of Brexit
NEWS MUTUAL FUNDS JUL 07, 2016
Managed futures funds took some of the sting out of Brexit

Safe haven currencies, bonds and metals soothed some wounds.

By John Waggoner
Treasury bonds beat stocks the past 10 years. You heard it right
NEWS MUTUAL FUNDS JUL 07, 2016
Treasury bonds beat stocks the past 10 years. You heard it right

By John Waggoner
Democratic platform draft includes financial transactions tax, defense of DOL fiduciary rule
NEWS REGULATION AND LEGISLATION JUL 07, 2016
Democratic platform draft includes financial transactions tax, defense of DOL fiduciary rule

The party is set to endorse a levy on securities sales and to defend the DOL fiduciary rule when it meets at its national convention in Philadelphia later this month.

By Mark Schoeff Jr.
TIAA acquires business-to-business robo-adviser MyVest
NEWS FINTECH JUL 07, 2016
TIAA acquires business-to-business robo-adviser MyVest

The deal follows a collaboration the two companies established in 2009 to provide clients with investment and tax management services.

By Alessandra Malito
NEWS PRACTICE MANAGEMENT JUL 07, 2016
$1.2 billon adviser team leaves Morgan Stanley for Bank of America Merrill Lynch

The group is led by Andrew Zimmerman, who's making a return to Merrill

By Christine Idzelis
Bond shop may have to drop clients due to DOL rule
NEWS RETIREMENT PLANNING JUL 07, 2016
Bond shop may have to drop clients due to DOL rule

The rule changes will likely result in dramatically higher fees for many smaller clients, and one bond shop is already reacting.

By Jeff Benjamin
401(k) plan advisers take more of an interest in record keepers' cybersecurity practices
NEWS RETIREMENT PLANNING JUL 06, 2016
401(k) plan advisers take more of an interest in record keepers' cybersecurity practices

Clients also have heightened concerns about securing the personal data of their employees.

By Greg Iacurci
Market volatility raises the bar for retirement income savers
NEWS RETIREMENT PLANNING JUL 06, 2016
Market volatility raises the bar for retirement income savers

Lower interest rates also affect Social Security trust fund cushion.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING JUL 06, 2016
Finra panel directs N.J.'s Garden State Securities to pay damages to elderly investor

Finra directs the brokerage firm to pay $142,168 due to allegations of unsuitable investments and overtrading.

By Christine Idzelis
NEWS ALTERNATIVES JUL 06, 2016
Moore Capital tells hedge fund manager to pound sand after raucous Hamptons party

<i>Breakfast with Benjamin</i> The saga of a Moore Capital fund manager involves a $27,000 Airbnb rental, a $1 million lawsuit, and &#8220;dwarfs with Champagne guns.&quot;

By Jeff Benjamin
Social Security out of step with many modern families
NEWS RETIREMENT PLANNING JUL 06, 2016
Social Security out of step with many modern families

Family benefits account for a much smaller percentage of Social Security outlays today than they did in the past.

By Mary Beth Franklin
Janus' Bill Gross goes off on central bankers, again
NEWS INDUSTRY NEWS JUL 06, 2016
Janus' Bill Gross goes off on central bankers, again

By Bloomberg
Ameritas to buy Guardian's 401(k) plan business
NEWS RETIREMENT PLANNING JUL 06, 2016
Ameritas to buy Guardian's 401(k) plan business

The life insurer is the latest record-keeping firm trying to build platform scale through acquisition.

By Greg Iacurci
This simple retirement spending strategy takes on the 4% rule
NEWS RETIREMENT PLANNING JUL 06, 2016
This simple retirement spending strategy takes on the 4% rule

Divide your age by 20 to ensure you won't outlive your savings.

By Mary Beth Franklin
NEWS EQUITIES JUL 06, 2016
DoubleLine's Jeffrey Gundlach says Donald Trump would be huge for stocks, not so much for bonds

<i>Breakfast with Benjamin</i> DoubleLine's Jeffrey Gundlach says a Donald Trump presidency would be bad for bonds, but good for stocks.

By Jeff Benjamin
SEC charges brothers with $2.7 million Ponzi scheme targeting elderly
NEWS RETIREMENT PLANNING JUL 06, 2016
SEC charges brothers with $2.7 million Ponzi scheme targeting elderly

Daniel Rivera allegedly ran a $2.7M phony real-estate venture targeting about 30 investors over six years.

By Christine Idzelis
Advisers identify wrong state on ADV filings
NEWS RIAS JUL 06, 2016
Advisers identify wrong state on ADV filings

SEC cracks down on claiming Wyoming location but practicing elsewhere.

By Mark Schoeff Jr.
NEWS REGULATION AND LEGISLATION JUL 05, 2016
Judge's questions show inclination to uphold DOL fiduciary rule

In first of five lawsuits against the measure, federal judge Randolph Moss not likely to grant preliminary injunction sought by the National Association of Fixed Annuities.

By Mark Schoeff Jr.