Firm will pay $650,000 for suitability, compliance and books and records violations.
Shortfall driven by longer life spans and disappointing investment returns.
Edward Jones and Wells Fargo invest in tech start-ups to find technology before competitors.
Investors want help with investments, but sometimes they look beyond financial advisers.
Traditional advisory firm to become the human element of hybrid-robo offering.
With executive orders, bureaucratic actions and unprecedented use of an obscure statute, the administration has killed or postponed dozens of regulations.
The rehearing was granted after the initial decision was appealed by former investment adviser Raymond Lucia, who was banned from the industry for life.
Digital firms warn investors so a correction down the road doesn't hit them as a shock.
Insurers are introducing fixed-rate deferred annuities with income guarantees to circumvent BICE.
Overall fees paid by investors are down. But the math can be tricky.
Robo-adviser's overhaul of its brand comes as traditional players start to employ more technology when providing investment advice.
Credit scores have a big impact on your daily life, often in ways you don't realize
In many circumstances, commission-based services offer clients a more economical and practical way to meet investment goals.
Mutual fund sales will be limited to T shares, while municipal bonds, preferred stock and international debt will be prohibited.
Some large brokerages such as Morgan Stanley, Edward Jones and Raymond James have seen a surge in advisory assets a year on from promulgation of the retirement regulation.
Once signed by governor, law will allow banks and securities firms not to process questionable transactions.
Put your request in writing, enlist help if needed and don't give up.
Retirement plan fee-disclosure rules from 2012 show that sponsors — and likely participants — rarely read such notifications and, if they do, don't understand them.
The secretary of Labor should improve the regulation, not repeal it
The DOL also hinted that clean shares may offer an avenue for an additional rule exemption, potentially as a replacement or alternative to BICE.
