The average 401(k) gained for the second quarter in a row, inching up 2% in the third quarter.
Chairwoman Mary Jo White said a proposal for such exams has been circulated, but two other commissioners may be reluctant to act. <b><i>(More: <a href="//www.investmentnews.com/article/20161011/FREE/161019981/sec-sets-record-in-enforcement-actions-against-investment-advisers"" target=""_blank"" rel="noopener noreferrer">SEC sets record in enforcement actions against investment advisers</a>)</b></i>
One year after the Bipartisan Budget Act of 2015 was signed into law on Nov. 2, advisers and clients still brushing up on new rules.
F3 shares trim expense ratios by about 37 basis points.
The wirehouse's advisers will lose trail commissions on all but grandfathered brokerage IRA accounts, but may not be hard-hit due to certain procedures to be implemented.
Huge fines against the likes of MetLife and Raymond James are putting the watchdog on a trajectory to beat its prior record by about 20%. <b><i>(More: <a href="http://www.investmentnews.com/article/20160503/FREE/160509980/metlife-to-pay-record-finra-fine-for-misleading-annuity-customers" target="_blank">So far this year Finra has levied four fines greater than $5M</a>)</b></i>
Some firms are rethinking a shift to fee-based compensation and instead are sticking with commission structures that will trigger the need for best interest contract exemptions.
Plus: Forecasting a Trump victory, the reality of retirement healthcare costs, and getting your emails opened
The 401(k) ratings provider has been snapped up by an asset management data and research provider that's also the parent company of a publication for financial advisers.
Robo-adviser's assets under management trailing key competitors could have been a factor in Adam Nash's replacement as CEO, fintech experts say.
FTV Capital takes small stake and board seat in risk software provider.
Deal combines two of the largest online brokerages and expands US operations of Canada's second-largest lender.
Also, with the exception of some metals funds, most funds don't own the actual commodity.
The robo-adviser claims the new service could boost a portfolio's return by 0.48% a year, or 15% over 30 years.
Experts at Insider's Forum in San Diego also questioned the generally sluggish pace of robo adoption across the advice industry.
While open to using robos for basic investing, they want traditional wealth managers for complex needs.
With bankruptcy case concluded, investors stand to recover $400 million.
