Advisor News

Displaying 26927 results
EQUITIES OCT 27, 2016
IRA investors may disappear from IPOs

The Department of Labor's fiduciary rule prohibits individual IRA investors from participating in initial public offerings with the assistance of their financial adviser.

By Ronald J. Kruszewski
Help your clients make retirement sweeter
RETIREMENT PLANNING OCT 27, 2016
Help your clients make retirement sweeter

By paying for things they absolutely need with income sources that won't run out, clients can enjoy the best treat of all: peace of mind in retirement.

By Philip E. Caminiti
RIA NEWS OCT 27, 2016
SEC charges Broidy Wealth Advisors with overbilling clients, stealing from their trusts

The firm and owner Marc Broidy, of Beverly Hills, Calif., allegedly had more than $1.4 million of ill-gotten gains.

By Christine Idzelis
PRACTICE MANAGEMENT OCT 27, 2016
DOL releases first batch of FAQs on fiduciary rule

Agency answers 34 adviser questions pertaining to the regulation's exemptions, including the best-interest contract exemption. <b><i>(More: <a href=&quot;http://www.investmentnews.com/section/fiduciary-focus&quot; target=&quot;_blank&quot;>The most up-to-date information on the DOL fiduciary rule</a>)</i></b>

By Greg Iacurci
RIA NEWS OCT 27, 2016
Janus in a double whammy as assets flee and revenue drops

Plus: How Clinton and Trump won't save Social Security, more scrutiny for sales charges, and taking the 5% challenge.

By Jeff Benjamin
Advisers failing to comprehend impact of DOL fiduciary rule: Massachusetts regulator William Galvin
REGULATION AND LEGISLATION OCT 27, 2016
Advisers failing to comprehend impact of DOL fiduciary rule: Massachusetts regulator William Galvin

The Massachusetts Securities Division came to that conclusion after surveying 327 RIAs, whom the commonwealth is offering to train for free.

By Bruce Kelly
Ameriprise will stick with IRA commissions under DOL fiduciary rule
RETIREMENT PLANNING OCT 27, 2016
Ameriprise will stick with IRA commissions under DOL fiduciary rule

CEO says the commission model, which will require more compliance work on the company's part, serves both clients and advisers well. <b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-focus&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">The most up-to-date information on the DOL fiduciary rule</a>)</i></b>

By Bruce Kelly
Ameriprise spends another $7 million in Q3 to get ready for the DOL fiduciary rule
REGULATION AND LEGISLATION OCT 27, 2016
Ameriprise spends another $7 million in Q3 to get ready for the DOL fiduciary rule

Company has spent nearly $19 million this year preparing for the regulation.

By Bruce Kelly
RETIREMENT PLANNING OCT 26, 2016
Tax planning for the wealthy would get more difficult under a Clinton presidency

The Democratic presidential nominee is proposing higher taxes on Americans who make more than $250,000, including a 4% &#8220;fair share surcharge&#8221; on incomes over $5 million a year.

By Bloomberg
RETIREMENT PLANNING OCT 26, 2016
Big gap between Social Security cost-of-living adjustment and retiree inflation

Miniscule benefit hike won't protect seniors' buying power.

By Mary Beth Franklin
RETIREMENT PLANNING OCT 26, 2016
The next 10 years will be ugly for your 401(k)

Expecting a 5% or higher return? You better get used to disappointment, according to a new report.

By Bloomberg
RIA NEWS OCT 26, 2016
Advisers offer tips for surviving a cybersecurity exam

Firms shouldn't wait for an inspection notice from the SEC to begin fortifying their online systems.

By Mark Schoeff Jr.
RETIREMENT PLANNING OCT 26, 2016
DOL expects to issue final rule on city retirement programs by year end

Following on a rule issued over the summer concerning state plans, the DOL is forging ahead with one governing city-based programs.

By Greg Iacurci
RETIREMENT PLANNING OCT 26, 2016
The next 10 years will be ugly for your 401(k)

Expecting a 5% or higher return? You better get used to disappointment, according to a new report.

By Bloomberg
REGULATION AND LEGISLATION OCT 26, 2016
New book offers advice on how to navigate the post-DOL rule world

Forty industry leaders offer insights in crowd-sourced guide.

By Mary Beth Franklin
RIA NEWS OCT 26, 2016
Former Oppenheimer broker pleads guilty to insider trading

David Hobson exploited inside information provided by his friend, who worked at a pharmaceutical company.

By Christine Idzelis
Commonwealth Financial eliminates commission-based retirement products in wake of DOL rule
RETIREMENT PLANNING OCT 26, 2016
Commonwealth Financial eliminates commission-based retirement products in wake of DOL rule

Commonwealth Financial Network late Monday said it would stop offering commission-based products in IRAs and qualified retirement plans, making it the latest BD to move more decidedly toward to an advisory platform to avoid what some see as the more onerous provisions of the Labor Department's fiduciary rule.

By InvestmentNews Staff
Some firms opting to sell fixed annuities under best-interest contract exemption to keep trips, bonuses intact
RETIREMENT PLANNING OCT 26, 2016
Some firms opting to sell fixed annuities under best-interest contract exemption to keep trips, bonuses intact

While financial institutions are able to sell deferred-income and immediate annuities under a less onerous exemption, some are opting to sell under BICE to keep certain compensation arrangements intact.

By Greg Iacurci
Advisers warming up to the DOL rule, see business opportunity: Fidelity poll
INDEPENDENT BROKER DEALERS OCT 26, 2016
Advisers warming up to the DOL rule, see business opportunity: Fidelity poll

Nearly a third now say the rule can help expand their business, up from 17% in January. <b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-faq&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">A comprehensive, searchable database of advisers' fiduciary FAQs</a>)</i></b>

By Grete Suarez
Get ready for more whistleblowers in the financial advice sector
PRACTICE MANAGEMENT OCT 26, 2016
Get ready for more whistleblowers in the financial advice sector

The SEC and states like Indiana believe company insiders can provide better insights on fraud and wrongdoing than aggrieved investors can.

By Mark Schoeff Jr.