The firm allegedly engaged used an expensive proprietary fund to enrich itself at the expense of plan participants.
Plaintiff alleges plan participants would have paid at least $27 million less in fees if T. Rowe had selected cheaper, non-proprietary funds.
Putting together a new cost-benefit analysis could be tricky for DOL staff, who spent the last six years working on a regulation that already was assessed and has been upheld by three court decisions so far.
Regular and well-informed course corrections can help you become more comfortable financially and enjoy retirement even more.
Andrew Puzder withdrew Wednesday as President Donald J. Trump's labor secretary nominee as controversy deepened over his personal life and private sector background.
SEC approves Finra regulation to curb financial exploitation, but requirements are slim.
State's Department of Business Oversight examined only 6.2% of state-registered investment advisers and 0.8% of broker-dealers in 2015-16.
RIA Finhabits launches mobile platform in English and Spanish.
Wealth management platform now will offer adviser-client collaboration tool
Barred CEO Brian Keith Hardwick and firm ordered to pay $24.6M to investors
The wirehouse is settling charges related to single inverse ETF investments it recommended to advisory clients, many of whom experienced losses.
80-plus firms ready to help advisers decide where to spend their tech budgets
Some record keepers have the capability to rebate these fees and only charge the asset management fee, resulting in a lower net cost than some zero-revenue-share funds.
Illinois broker Matthew Maczko earned more than $640,000 from $3 million in assets
Many lives would be changed if pro bono financial planning could be brought to vulnerable people around the globe.
While private equity could become a positive force in the retail alternatives space, not all sponsors are created equal.
Blackstone executives have signaled their intent at breaking into the $5 trillion 401(k) market, and buying Aon Hewitt's DC record-keeping business may be the first step.
Asks Trump's nominee for secretary of Labor how he'll evaluate the retirement advice regulation.
