Brokers will be paid a flat rate based on clients' retirement assets, not transactions.
New SEC Chairman Jay Clayton makes request for comment on fiduciary duty one of his first actions, as DOL reasseses its measure.
Experts in the financial industry, unsurprisingly, have a lot of suggestions for smart financial gifts.
The securities industry faces plenty of legal risks and compliance pitfalls following June 9, the official start date for the DOL fiduciary rule. <b>Plus,<a href="http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH/dol-fiduciary-rule-what-you-need-to-know-about-acostas-decision" style="color:#b10816" target="_blank"> what you need to know from the DOL's latest FAQs</a>.</b>
"Don't blindly provide it because you're asked for it," says one expert.
Any trend toward smaller homes would be welcome news in many U.S. housing markets.
Changes include level compensation on fixed annuities and unit investment trusts.
Sterne Agee fired James Holbrook, Jr. in May 2014 for allegedly misusing company assets and spending lavishly on perks.
Fidelity and Empower announced first-of-their-kind services in recent months, hoping to capitalize on demand for greater personalization and generate new sources of revenue.
Commission seeks public comment on investment-advice standards; move suggests more coordination with Labor Department on fiduciary rule.
If investors are frustrated now, just wait until the Trump DOL comes out with an overhaul of the rule later this year.
The firm will pilot the program with 500 advisers in July and expects to roll it out to all of them by year-end.
The New York state pension fund put the brokerage on its approved list after Kelley's lavish gifts.
The win could provide fodder in other legal defenses, and supports the contention that comparing fund costs to Vanguard doesn't always provide an accurate barometer.
Veteran female team joins employee unit in Orlando, Fla.
If you are a wirehouse adviser who has counted a giant recruiting package as part of your net worth, you need to recalculate.
Your website must differentiate you from your competitors. What makes you special?
