Advisor News

Displaying 26916 results
RETIREMENT PLANNING MAY 19, 2017
Guess who's saving the most: Millennials

Houses and retirement? Not so much – personal freedom tops concerns.

By Bloomberg
REGULATION AND LEGISLATION MAY 19, 2017
Democratic senators criticize Acosta for rushing to conclusion on DOL fiduciary rule

Sens. Murray, Warren, Booker and interest groups say that the labor secretary has only met with opponents of the regulation.

By Mark Schoeff Jr.
RETIREMENT PLANNING MAY 19, 2017
Use of multiple record keepers could hurt defendants in 403(b) lawsuits

In a potential indication of how judges will rule in the other university lawsuits, Emory and Duke will have to defend allegations that using multiple record keepers breaches their fiduciary duty.

By Greg Iacurci
RETIREMENT PLANNING MAY 18, 2017
President Trump signs resolution killing state auto-IRA rule

Five states have vowed to forge ahead with plans to create retirement programs, but the president's actions may slow development in other states.

By Greg Iacurci
RIA NEWS MAY 18, 2017
Wells Fargo FiNet loses $275 million team to Raymond James

Five-person Holloway Harman & Associates is based in Kansas City, Mo.

By InvestmentNews
RETIREMENT PLANNING MAY 18, 2017
Would Trump's tax plan make your mortgage break worthless?

Only the wealthiest homeowners would benefit from itemizing.

By Bloomberg
RETIREMENT PLANNING MAY 18, 2017
Rich retirees reluctant to spend cash

On average and adjusting for inflation, retirees are entering their 80s richer than they were in their 60s and 70s.

By Bloomberg
REGULATION AND LEGISLATION MAY 18, 2017
DOL fiduciary rule opponents, lawmakers call for further delay at House hearing

Opponents cite new evidence of harm to small account holders

By Mark Schoeff Jr.
LIFE INSURANCE AND ANNUITIES MAY 18, 2017
Indexed, variable annuity sales slump as DOL fiduciary rule looms

Uncertainty around the rule may be contributing to tentativeness from advisers and distributors.

By Greg Iacurci
REGULATION AND LEGISLATION MAY 17, 2017
Finra set to invest more in examiner training, provide more clarity on enforcement choices

CEO Robert Cook responds to concerns he's hearing during listening tour, Finra360 initiative.

By Mark Schoeff Jr.
FINTECH MAY 17, 2017
SEC alerts advisers on WannaCry ransomware cyberattacks

Regulator stresses vulnerability testing and timely system upgrades.

By Liz Skinner
WIREHOUSES MAY 17, 2017
Finra fines Merrill Lynch $650,000 for bond trading violations

Regulator censures firm for handling of customer orders for nonconvertible preferred securities

By InvestmentNews
PRACTICE MANAGEMENT MAY 17, 2017
How to serve clients during a Trump presidency

Help your clients see that overrating Mr. Trump's impact — for good or ill — could result in biased financial decisions.

By Bloomberg
RETIREMENT PLANNING MAY 17, 2017
401(k) managed account competition heats up as Fidelity expands reach

Fidelity, responding to demand for fiduciary services, will be competing with third-party providers such as Financial Engines and Morningstar for distribution.

By Greg Iacurci
REGULATION AND LEGISLATION MAY 17, 2017
Crapo calls for 'bipartisan, common-sense' reform of financial regulations

Senate Banking Committee chairman says regulatory burden 'is becoming as big an issue as the tax code.'

By Mark Schoeff Jr.
ALTERNATIVES MAY 17, 2017
Addepar acquires AltX to expand in alternatives

Addition of machine-learning technology is intended to enhance value to advisers and clients.

By InvestmentNews
RETIREMENT PLANNING MAY 16, 2017
Why rich retirees are so reluctant to spend their money

Even as retirees live longer, healthier lives, they've become more pessimistic about the economy, the stock market, and their own financial situation.

By Bloomberg
INDEPENDENT BROKER DEALERS MAY 16, 2017
Broker-dealers are seeing a cut in annual SIPC assessments; will advisers see the same?

The Securities Investor Protection Corp. has replenished its coffers from the financial crisis and is now cutting its assessments to B-Ds. Will the savings stop there?

By Bruce Kelly
RETIREMENT PLANNING MAY 16, 2017
Courts' interpretations of 401(k) fiduciary laws are changing

The prudence requirement in being gauged based on the portfolio in aggregate but also on individual investment options.

By Bloomberg
REGULATION AND LEGISLATION MAY 16, 2017
Finra chairman John Brennan says DOL rule has raised standard for financial advice

Says fiduciary rule will become the 'way business is done' — even if it is repealed.

By Mark Schoeff Jr.