Advisor News

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RETIREMENT PLANNING JUN 23, 2016
The fate of your retirement could be determined by this election

New retirement-saving laws will face a challenge if incoming lawmakers are leery of mandates on employers.

By Bloomberg
RETIREMENT PLANNING JUN 23, 2016
How many marriages will really end in divorce?

Millennials have different attitudes toward marriage than their parents. But will they be better at keeping their vows?

By Bloomberg
Merrill Lynch to pay $415M to settle SEC charges it misused customer cash
REGULATION AND LEGISLATION JUN 23, 2016
Merrill Lynch to pay $415M to settle SEC charges it misused customer cash

In responses to charges it misused customer cash, the wirehouse agreed to the payment and to admit wrongdoing in violations of the customer protection rule.

By Christine Idzelis
Jackson National's new variable annuity hints at annuities' future post-DOL fiduciary rule
RETIREMENT PLANNING JUN 23, 2016
Jackson National's new variable annuity hints at annuities' future post-DOL fiduciary rule

The firm is developing its first fee-based variable annuity, which many experts say is the future of the product line in the qualified market.

By Greg Iacurci
MUTUAL FUNDS JUN 23, 2016
Bank of America Merrill Lynch to trim mutual fund offerings

The firm hopes to make it easier for clients and advisers to understand sales charge reductions and waivers.

By John Waggoner
RETIREMENT PLANNING JUN 23, 2016
MetLife is second major insurer to exit the brokerage business, in the sale of adviser unit to MassMutual

MetLife is the second major insurer to exit the brokerage business, in the sale of its adviser unit to MassMutual. Mergers may be on the rise due to the Labor Department's proposed fiduciary rule.

By Christine Idzelis
RETIREMENT PLANNING JUN 23, 2016
How LGBT investors can take advantage of new financial opportunities

Legal recognition of same-sex couples means fewer complications and new options for investing.

By Peter Waterloo
RETIREMENT PLANNING JUN 23, 2016
Social Security update for gay couples

Legalizing same-sex marriage nationwide opens the door for spousal, survivor, disability and Medicare benefits.

By Mary Beth Franklin
How noncitizens can access Social Security benefits
RETIREMENT PLANNING JUN 22, 2016
How noncitizens can access Social Security benefits

Foreign workers and dependents retiring abroad face complicated rules.

By Mary Beth Franklin
RETIREMENT PLANNING JUN 22, 2016
Social Security benefits for noncitizens

Foreign workers and dependents retiring abroad face complicated rules.

By Mary Beth Franklin
John Oliver and Congress square off over DOL fiduciary rule
REGULATION AND LEGISLATION JUN 22, 2016
John Oliver and Congress square off over DOL fiduciary rule

Rule advocates say it would save investors $17 billion a year. House Republicans call it 'Obamacare for financial planning.'

By Bloomberg
TIAA's Roger Ferguson breaks with rivals to support Obama fiduciary rule
PRACTICE MANAGEMENT JUN 22, 2016
TIAA's Roger Ferguson breaks with rivals to support Obama fiduciary rule

Former Fed vice chairman says he doesn't support litigation over the controversial regulation.

By Bloomberg
Former LPL broker suspended for supervisory failure, Finra says
PRACTICE MANAGEMENT JUN 22, 2016
Former LPL broker suspended for supervisory failure, Finra says

Peter Neuberg agreed to a six-month suspension and $15,000 fine.

By Christine Idzelis
Senator Elizabeth Warren proposes bill to help workers track down old 401(k)s
RETIREMENT PLANNING JUN 22, 2016
Senator Elizabeth Warren proposes bill to help workers track down old 401(k)s

Legislators cite a recent TIAA study finding 30% of employees neglect accounts at previous employers when they switch jobs.

By Mark Schoeff Jr.
RETIREMENT PLANNING JUN 22, 2016
Baby boomers reach required minimum distribution milestone for retirement accounts

The first wave of boomers turns 70½ starting July 1, and must start taking distributions from their retirement savings.

By Mary Beth Franklin
RETIREMENT PLANNING JUN 22, 2016
John Oliver's criticism helps fiduciary duty go prime time

Recent 'Last Week Tonight' segment is just one example of the growing awareness of this issue.

By Mark Schoeff Jr.
Beating robo-advisers at their own game
FINTECH JUN 22, 2016
Beating robo-advisers at their own game

Complacency over adopting new technology will only lead to a declining business, technology expert Joel Bruckenstein said at the Morningstar Investment Conference this week.

By Sheryl Rowling
RETIREMENT PLANNING JUN 22, 2016
How clients can add $8,000 a year to their retirement income

By Mary Beth Franklin
GL Capital Partners' former CEO Daniel Thibeault pleads guilty to $15 million fraud tied to loan fund
REGULATION AND LEGISLATION JUN 22, 2016
GL Capital Partners' former CEO Daniel Thibeault pleads guilty to $15 million fraud tied to loan fund

Mr. Thibeault solicited investors to a fund that reported fake consumer loans.

By Christine Idzelis
Indexed annuity distributors weigh launching B-Ds due to DOL fiduciary rule
RETIREMENT PLANNING JUN 21, 2016
Indexed annuity distributors weigh launching B-Ds due to DOL fiduciary rule

The move would allow insurers to sidestep additional risk in distributing through independent agents.

By Greg Iacurci