By failing to adequately explain how inflation, compounded over time, significantly reduces our spending power, we leave clients vulnerable to the false assumption that the income they have today will still be adequate in 10 or 20 years.
The biggest surprise in Biden’s tax proposal is that it assumes an increase in the capital gains rate would be retroactive to April 2021, which would prevent wealthy people from selling off their assets quickly to avoid the hike.
The measure, which would have established a special roster of arbitrators to hear broker requests to clear their records, was criticized by PIABA as being too limited to address the problem.
The State Street plan did not include the lowest-cost share classes of the Target Retirement Securities Lending series, and there were some options from third parties with stronger performance records, according to the complaint.
Opening its own broker-dealer gives the firm room to recruit advisers who don't hold RIA assets at Raymond James.
Investors are curious about crypto and meme stocks, but most advisers say that clients do not understand the volatility of these investments.
If the governor signs the bill, the state's six public pension funds would be prohibited from investing in financial products that boycott energy companies.
The Employee Benefits Security Administration gives the firm a green light to oversee retirement plan assets despite its 1MDB misdeeds
The total number of advisory firms with a fee-only model has risen 20% since 2019, according to an analysis of the latest data from the SEC.
How a UMH improves financial outcomes for investors, advisers and firms, and why it’s important to determine the optimal series of 'next best actions.'
The online trading app sued to overturn the state's fiduciary rule after Massachusetts accused Robinhood of manipulating customers.
The budget will assume the increase in the top capital gains tax rate to 43.4% that Biden has proposed will be effective retroactive to late April.
The bills amend the Investment Advisers Act and federal retirement law to promote sustainable investing. The document must describe the factors advisers use in making investment decisions and they must 'align with an ESG framework'
Two impending hikes that would boost premiums for existing CalPERS Long-Term Care insurance customers by 90% make coverage hard to justify, one policyholder said.
The agency likely will propose disclosure rules and has already outlined compliance shortfalls, according to experts at the InvestmentNews Global ESG Summit.
An aggregator with close to 50 deals since 2016, Mercer already had custody agreements with Schwab, TD Ameritrade, National Advisors Trust and Fidelity.
But unemployment resulting from Covid could temporarily reverse that positive trend.
Impact Benefits & Retirement and Strategic Employee Benefit Services will be folded in.
Three sole practitioners managing $297 million in total are also moving to the firm.
People want to work with advisers who show they’re proactive and reliable by identifying problems that could have easily gone under the radar. Custom targeting reinforces the idea that you are capable of helping.
