The rule is likely to unleash a wave of software upgrades and business relationships that will result in greater efficiencies for advisory firms.
One of the most intractable issues facing the advisory business is the severe imbalance in examination frequency between broker-dealers and RIAs.
RCS Capital Corp. said it planned to file for bankruptcy by the end of the month. The current chief executive of RCAP, Larry Roth, will remain the CEO of the new Cetera.
But without enough votes to overturn a threatened presidential veto, assistant secretary of Labor Phyllis Borzi calls the action 'the usual Washington Kabuki theater.'
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
<i>Breakfast with Benjamin</i> The message is being put out loud and clear: investors want lower-cost investment products.
In the past two weeks, the tech giant has seen its stock tank 16.3% thanks to disappointing earnings report.
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In the latest sign of the changes to come in the wake of the new DOL fiduciary rule, Charles Schwab is taking mutual funds with sales loads off its shelves.
Hopes to change name to S&P Global on Wednesday
Increased SEC scrutiny may be making ETF providers uncomfortable, and the industry may soon have to adapt to new regulations. </br><b><i>(More: <a href="http://www.investmentnews.com/section/specialreport/20160417/ETF042016" target="_blank">The full Spotlight on ETFs special report</a>)</b></i>
Advisers should encourage clients to avoid taking on too large a loan in the first place, and implement repayment strategies to quickly pay down debt.
Fifty-two percent of Americans are at risk of a shortfall in retirement, based on data that includes an average student debt load of $18,000.
College graduates who studied medicine are in a far better position to pay back their student loans than grads who studied psychology, according to a new study.
Experts say the complexity of retirement income planning can set human advisers apart and justify their fees.
Advisers say taking a year off needs to be structured to pay off.
His six funds on average beat more than 90% of rivals
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File and suspend's elimination doesn't mean advisers should put Social Security planning on the shelf.
<i>Breakfast with Benjamin</i> Two types of investors are driving stocks' rally: Those who fear missing out on the rally, and those who see no alternatives to stocks.
