Advisor News

Displaying 26926 results
WIREHOUSES JUN 15, 2018
Merrill re-evaluates commission ban in retirement accounts

The wirehouse's wealth management group announces a fresh look at the ban now that the DOL rule is on the brink of death.

By Jeff Benjamin
RETIREMENT PLANNING JUN 14, 2018
DOL fiduciary rule on brink of death as key deadline passes

Justice Department didn't petition the Supreme Court to rehear the case. A mandate from the 5th Circuit would finally lay the fiduciary rule to rest.

By Greg Iacurci
REGULATION AND LEGISLATION JUN 14, 2018
SEC advice rule: Industry, investor advocates split

At SEC meeting, both sides say agency must better define what 'best interests' means.

By Mark Schoeff Jr.
RETIREMENT PLANNING JUN 14, 2018
Roth conversions can boost Medicare premiums

But one year of higher health care costs may be worth it to lower RMDs and taxes in the future.

By Mary Beth Franklin
Senate Democrats call for investigation of SEC's Piwowar
REGULATION AND LEGISLATION JUN 14, 2018
Senate Democrats call for investigation of SEC's Piwowar

Senators cite reports that the outgoing commissioner pressured Citigroup officials over the bank's decision to limit business with gun firms.

By Hazel Bradford
RETIREMENT PLANNING JUN 14, 2018
Guaranteed retirement income campaign launched

Industry coalition seeks to educate the public and advisers about the value of annuities.

By Mary Beth Franklin
RIA NEWS JUN 14, 2018
RIA sentenced to 57-month prison term for theft barred by SEC

Eric Erb was ordered to pay restitution of $5.4 million to his defrauded clients.

By Bloomberg
INDEPENDENT BROKER DEALERS JUN 14, 2018
Vermont hybrid managing $330 million moves from Lincoln to LPL

Flood Financial Services switches broker-dealer and RIA platforms.

By InvestmentNews
FINTECH JUN 14, 2018
Crypto coins surge on SEC reprieve

Regulator says transactions involving ether aren't subject to federal securities rules

By Bloomberg
RIA NEWS JUN 14, 2018
ProEquities introduces cybersecurity to protect even the least tech-savvy advisers

Developed by Entreda, the platform will ensure every computer and mobile device is secure when accessing client data.

By Ryan W. Neal
INDEPENDENT BROKER DEALERS JUN 14, 2018
Finra to overhaul broker information system, cut compliance costs for broker-dealers

The move is intended to cut compliance costs for firms as well as make the registration and disclosure process more efficient.

By Bruce Kelly
REGULATION AND LEGISLATION JUN 13, 2018
Court ruling may limit New York's powerful anti-fraud weapon

New York State Court of Appeals scales back $11 billion lawsuit against Credit Suisse.

By Bloomberg
RETIREMENT PLANNING JUN 13, 2018
BlackRock, Wells Fargo reportedly preparing ESG funds for 401(k) plans

Both companies are said to be developing target-date funds with this focus.

By Bloomberg
RETIREMENT PLANNING JUN 13, 2018
Labor Department partners with two life insurers on abandoned plans

Will try to determine whether more than 2,000 retirement plans are abandoned.

By Brian Croce
RIA NEWS JUN 13, 2018
United Capital's new CIO has had an 'unlikely' career path

Kara Murphy never thought she'd end up on Wall Street — or be in one of the World Trade Center towers attacked on 9/11.

By Jeff Benjamin
RETIREMENT PLANNING JUN 13, 2018
SEC rule proposal doesn't include 401(k) sponsors in 'best interest' advice

Plan sponsors are left out of the equation because they don't appear to fall within the definition of "retail" investor, legal experts say.

By Greg Iacurci
INDEPENDENT BROKER DEALERS JUN 13, 2018
Advisers with billions in AUM leaving Wall Street

Merrill Lynch has seen two teams exit recently, each with more than $4 billion in client assets.

By Bruce Kelly
REGULATION AND LEGISLATION JUN 13, 2018
SEC proposal will curb brokers putting clients into products solely for highest revenue, Clayton says

At investor town hall in Atlanta, the agency's head urges clients to press advisers on fees

By Mark Schoeff Jr.
FINTECH JUN 12, 2018
Morgan Stanley gives close-up look at new adviser technology suite

Firm betting tech will increase wallet share and move brokers towards financial planning.

By Ryan W. Neal
REGULATION AND LEGISLATION JUN 12, 2018
Merrill Lynch ordered to pay $15 million to settle mortgage securities charges

SEC says firm employees misled customers into overpaying for RMBS debt.

By InvestmentNews