Advisers choosing models with the most support forgo up to 25% of profits.
If a firm's transition to the Best Interest Contract Exemption is done using paper contracts and disclosure forms, it could be costly, difficult and risky to manage.
More than 30,000 non-traditional ETF transactions, totaling approximately $1.7 billion, were carried out by Oppenheimer representatives, according to the regulator.
The fine relates to an ex-broker, Galen Marsh, who took data from hundreds of thousands of the wirehouse's clients, some of which ultimately ended up online.
These ideas for programs could significantly reduce the complexity of advisers' jobs.
Earnings test complicates choice between retirement and survivor benefits.
Bipartisan legislation would make it possible for students to save funds from stipends or fellowships in an IRA.
Experts weigh plaintiffs' likely arguments versus Labor Department's legal standing and odds in court.
There are two different versions in the exemption, each with respective limitations and benefits that advisers and their institutions must master.
Deputy assistant secretary Tim Hauser said the Labor Department has room to adjust the rule if problems arise.
By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
If the industry was really serious about getting rid of rogue brokers, it would do more both individually and through Finra.
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
Encourage clients to think ahead about how much financial responsibility they're willing to assume for their aging parents.
Financial wellness is one of the hottest topics in the retirement industry today and at top of mind for many plan sponsors.
Advisers and firms must clearly reference and link to regulator's search tool on their websites.
Advisers need to scrutinize any sort of markup on a platform they're recommending, making sure it is reasonable.
When things go awry among family members or with the assets held in trust, trustees can get sued
