The move is another sign that the days of high-cost funds are numbered, and that the Department of Labor's new rule is speeding that decline.
The rule is likely to unleash a wave of software upgrades and business relationships that will result in greater efficiencies for advisory firms.
One of the most intractable issues facing the advisory business is the severe imbalance in examination frequency between broker-dealers and RIAs.
But without enough votes to overturn a threatened presidential veto, assistant secretary of Labor Phyllis Borzi calls the action 'the usual Washington Kabuki theater.'
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues
In the latest sign of the changes to come in the wake of the new DOL fiduciary rule, Charles Schwab is taking mutual funds with sales loads off its shelves.
Increased SEC scrutiny may be making ETF providers uncomfortable, and the industry may soon have to adapt to new regulations. </br><b><i>(More: <a href="http://www.investmentnews.com/section/specialreport/20160417/ETF042016" target="_blank">The full Spotlight on ETFs special report</a>)</b></i>
Fifty-two percent of Americans are at risk of a shortfall in retirement, based on data that includes an average student debt load of $18,000.
College graduates who studied medicine are in a far better position to pay back their student loans than grads who studied psychology, according to a new study.
Experts say the complexity of retirement income planning can set human advisers apart and justify their fees.
File and suspend's elimination doesn't mean advisers should put Social Security planning on the shelf.
The first installment of InvestmentNews' new <i>Fiduciary Focus</i> column looks inside the political wrangling taking place as the fiduciary rule nears finalization.
Revenue from commissions declined in the fourth quarter, as it has across the brokerage industry.
Retirement expert reflects on how she and her husband chose the number-one state for pre-retirees without even knowing it.
<i>InvestmentNews</i> senior columnist Bruce Kelly talks about the challenges facing indie B-Ds and what many firms are doing to survive.
Clients can file a protective form to protect their claiming rights.
<i>InvestmentNews</i> contributing editor reflects on how she and her husband chose the number-one state for pre-retirees without even knowing it.
But watch out: The range of advice issued by local offices and hotline operators has been very inconsistent.
Numbers need to be in a visual format that conveys how clients are reaching their goals and making money.
