Advisor News

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Finra failing to protect investors from bad advisers, Senator Elizabeth Warren says
REGULATION AND LEGISLATION JUN 13, 2016
Finra failing to protect investors from bad advisers, Senator Elizabeth Warren says

Letter directs top regulator Richard Ketchum to do more to stop repeat offenders and the firms that hire them.

By Liz Skinner
An original critic, Finra's Ketchum praises improvements in final DOL fiduciary rule
PRACTICE MANAGEMENT JUN 13, 2016
An original critic, Finra's Ketchum praises improvements in final DOL fiduciary rule

Finra's CEO was one of the sharpest critics of the proposed rule, but now he's praising the Labor Department. <i><b>(More: <a href=&quot;http://www.investmentnews.com/section/fiduciary-focus&quot; target=&quot;_blank&quot;>Coverage of the DOL rule from every angle</a>)</i></b>

By Mark Schoeff Jr.
LinkedIn ProFinder links financial advisers with prospective clients
FINTECH JUN 13, 2016
LinkedIn ProFinder links financial advisers with prospective clients

LinkedIn rolled out a new feature this month to help its users find professionals, including wealth managers and Certified Financial Planners.

By Alessandra Malito
REGULATION AND LEGISLATION JUN 13, 2016
What's on tap in 2016 for adviser regulation?

On tap for 2016: Fiduciary duty comes to fruition?

By Mark Schoeff Jr.
Attention baby boomers: Time to start taking your required minimum distributions
RETIREMENT PLANNING JUN 12, 2016
Attention baby boomers: Time to start taking your required minimum distributions

The first wave of boomers turns 70&frac12; and must start taking distributions from their retirement savings.

By Mary Beth Franklin
Firms on the hook for hiring bad brokers
INDEPENDENT BROKER DEALERS JUN 12, 2016
Firms on the hook for hiring bad brokers

Sweep reminds broker-dealers they're going to be held accountable for hiring brokers who prove not fit to work in the industry.

By Andrew Leigh
RETIREMENT PLANNING JUN 12, 2016
DOL fiduciary rule can also be applied to insurance

Finding a policy that works in the best interests of your clients not as hard as you think

By Barry Flagg
RETIREMENT PLANNING JUN 10, 2016
The most important part of a young person's estate plan

Advisers should push young clients, or clients with young-adult children, to get powers of attorney governing health care and financial assets.

By Greg Iacurci
RETIREMENT PLANNING JUN 10, 2016
How to prepare for the aftermath of a loved one's death

Even if you have prepared, following a death there are several steps that generally require immediate attention.

By Steven M. Saraisky
Why giving every 21-year-old $16,500 may solve America's retirement crisis
RETIREMENT PLANNING JUN 10, 2016
Why giving every 21-year-old $16,500 may solve America's retirement crisis

Set aside that money at the beginning of workers' careers in order to leverage the magic of 50 years of compounding returns in a 50-50 portfolio. Of course, they'd have to pay the money back.

By Nir Kaissar
Obama vetoes resolution against DOL fiduciary rule; court sets date for NAFA's lawsuit
REGULATION AND LEGISLATION JUN 10, 2016
Obama vetoes resolution against DOL fiduciary rule; court sets date for NAFA's lawsuit

Congressional threat to the Labor Department's retirement advice regulation gets nixed by White House, while D.C. court says it will hear a case against the rule.

By Mark Schoeff Jr.
401(k) savings options come with tax consequences
RETIREMENT PLANNING JUN 10, 2016
401(k) savings options come with tax consequences

Choosing between a traditional and Roth 401(k) is essentially a bet on how your clients' future income tax rates will compare to their current rate.

By Tim Steffen
FINTECH JUN 09, 2016
Adviser case against RIA and Redtail highlights lack of data ownership rules

After the firm terminated its relationship with the adviser, it denied him access to client information.

By Alessandra Malito
Advisers to start recommending ABLE plans to clients
RETIREMENT PLANNING JUN 09, 2016
Advisers to start recommending ABLE plans to clients

Four states introduce accounts that help families save for special needs children

By Liz Skinner
Most recent retirees do not regret claiming Social Security early
RETIREMENT PLANNING JUN 09, 2016
Most recent retirees do not regret claiming Social Security early

Plus, one of the biggest shocks to current retirees is the cost of health care, according to a new survey.

By Mary Beth Franklin
Broker-dealers face rising compliance costs from DOL rule, pricing competition from robo-advisers
INDEPENDENT BROKER DEALERS JUN 09, 2016
Broker-dealers face rising compliance costs from DOL rule, pricing competition from robo-advisers

Pershing COO says B-Ds are caught in a vise and need help with easing internal expenses.

By Bruce Kelly
Software to make compliance easy for financial advisers
FINTECH JUN 09, 2016
Software to make compliance easy for financial advisers

Two software providers are working to document ongoing compliance tasks: BasisCode Compliance and RIA in a Box.

By Sheryl Rowling
Insurance groups ACLI and NAIFA sue DOL over fiduciary rule's impact on annuities
REGULATION AND LEGISLATION JUN 09, 2016
Insurance groups ACLI and NAIFA sue DOL over fiduciary rule's impact on annuities

Third legal complaint against the Labor Department's regulation to raise retirement advice standards is filed in a Texas court by insurance-industry organizations.

By Mark Schoeff Jr.
How to optimize Medicare for those who have served in the military
RETIREMENT PLANNING JUN 09, 2016
How to optimize Medicare for those who have served in the military

How can active-duty, veteran, or retired military servicemen get the most from their healthcare benefits? Find out in this article.

By Ramon Berenguer
Social Security, divorce and remarriage
RETIREMENT PLANNING JUN 09, 2016
Social Security, divorce and remarriage

Who gets which benefits when? It depends.

By Mary Beth Franklin