The advisory world is moving toward a fiduciary standard with or without the DOL rule, financial technology firms contend.
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Donald Lee Watson Jr. allegedly claimed he produced more than $700,000 in revenue when hired last year.
Largely ignored now, changes could make MEPs popular among retirement plan advisers.
Plus, the strategy can help reduce required minimum distributions and cut taxes.
Advisers will get loans to help cover earnings shortfall following firm's decision to ban commissions. <b><i>(More: <a href="http://www.investmentnews.com/article/20161101/FREE/161109984/bank-of-america-merrill-lynch-tells-advisers-to-stop-selling-mutual" target="_blank">Merrill tells advisers to stop selling mutual funds in brokerage IRAs</a>)</i></b>
Financial advisers are telling clients to make these moves before the end of 2016.
But chief regulator will continue to carry out current agenda until she steps down when Obama leaves office.
Allegations in the lawsuit largely resemble those of a separate one filed in August this year.
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. <b><i>(More: <a href="//www.investmentnews.com/article/20160524/FREE/160529970/sigfig-raises-40-million-in-funding-led-by-eaton-vance-asserting"" target=""_blank"" rel="noopener noreferrer">SigFig raises $40 million in funding led by Eaton Vance</a>)</b></i>
Two sets of benefits exist for ex-spouses depending on their birth dates.
By picking up 883 Transamerica advisers and $25 billion in client assets, its Signator Investors B-D now has the scale to compete profitably in era of increased regulation and rising costs.
Edmond Walters, the founder and former CEO of eMoney Advisor, brings a background in technology to the broker-dealer network.
The transition will be completed by the time the Department of Labor fiduciary rule takes effect.
Paul Atkins, chief executive of compliance consultant Patomak Global Partners and a former SEC commissioner, could select from among his coworkers or even recommend himself.
Her nearly four-year tenure has been highlighted by high-profile enforcement cases and plagued by internal battles that stalled controversial policies.
The bond market selloff is getting more serious, with some popular funds down nearly 20% since the summer.
Digital-advice firms tell the Securities and Exchange Commission they put clients' interests first and that some regulatory updates are needed as digitization of the industry grows.
