Financial CHOICE Act faces long odds in Senate. Meanwhile, House and Senate Republicans introduce stand-alone legislation to scuttle the regulation.
While Washington wrestles with the fate of the fiduciary rule, the financial advice landscape remains supremely dangerous.
Twenty-three year veteran Anthony Joseph Verzi decides not to testify during regulator's inquiry.
The concept of the rule has divided our industry in ways no one could have predicted.
The fact that the impartial conduct standards are the sole requirement of BICE during the transition period speaks volumes to their importance to retirement advisers.
A request for information sent yesterday to the Office of Management and Budget is the first step in reviewing the rule, Mr. Acosta said. <b>Plus, <a href="http://www.investmentnews.com/article/20170607/FREE/170609954/investment-adviser-association-members-take-complaints-about-dol" style="color:#b10816" target="_blank">Investment Adviser Association members take complaints about DOL rule to Capitol Hill</a>.</b>
The tool is part of a series of upgrades that the Los Angeles-based firm is making to its technology platform for advisers.
The organization supports the underlying goals of the DOL rule, but thinks it should be "more appropriately tailored" to investment advisers.
The brokerage cites "additional flexibility" granted by the DOL in recent guidance as a determining factor.
Tuition versus cost of living in the U.S., state by scary state.
Digital tool to include environmental, social and governance screens.
The firm is cutting more than 1,500 funds that no longer meet its due diligence standards.
Robo-platforms are projected to have about $385 billion in client assets by the end of 2021, according to Cerulli Associates.
One retirement study needs to make its results more meaningful in terms of actually identifying voluntary poor behavior.
But a significantly higher increase would not make up for the negative impact rising inflation has had on seniors' buying power.
The SEC extracted almost $3 billion in disgorgement payments in 2016.
Agency says Utah broker-dealer failed to document suspicious microcap stock trades
Biggest concern is threat of excessive litigation due to best-interest contract exemption.
