Mr. Lew, who served under the Obama administration from 2013 through the start of 2017, acknowledged the rule has "unintended consequences."
Advisers to gain better risk analysis to help meet DOL fiduciary rule requirements.
The plaintiff claims roughly 95% of investment options offered in the plan since 2011 were "unduly expensive" proprietary funds that led to less retirement savings for participants.
Finding the "right" amount depends on your other holdings, your appetite for risk and how close you are to retirement.
The big news, announcements and underlying trends and developments in technology for financial advisers and wealth management.
Mr. Block last year pleaded not guilty to charges, including conspiracy and securities fraud, stemming from accounting at the REIT once controlled by Nicholas Schorsch.
Many advisers are embracing an exemption they've frequently derided, even though a less-contentious one is available for annuity sales.
More than a dozen retirement experts weigh in with their advice.
Outside business activities are a vital component of the value independent financial advisers offer to their clients and communities.
Highlighting 'fragmentation and overlap,' department suggests establishing one lead agency to align federal and state efforts.
Allocating a portion of savings in the right accounts can help manage costs.
Nearly half of advisers are doing more and charging the same, according to the survey of 912 independent advisers.
The National Association of Insurance Commissioners is taking a fresh look at the suitability standard for annuities and considering making it a best-interests standard.
The Treasury Department urges federal agencies to re-write scores of regulations that bankers have frequently complained about in the seven years since the passage of the financial reform law.
The RIA was previously affiliated with Kestra Investment Services.
The move is part of an enhanced digital approach the firm plans to roll out in stages over the next several months.
Some advisory firms are using 81-100 trusts as a way to deliver scalable fiduciary investment services to the small 401(k) market.
Initiative is part of an effort to crack down on brokers who move from firm to firm and put investors at risk.
The managed payout funds have an optional feature that automatically calculates and distributes an investor's RMD from the account.
Plaintiffs alleged Merrill Lynch didn't apply fee discounts for mutual funds to which some small retirement plans were entitled.
