Today's hearing on 2016 budget discussed the DOL rule as well, with a lawmaker asking Chairwoman Mary Jo White, 'Why are you allowing the Labor Department to take over your territory?'
In response to Finra's warning on suitability, the firm's affiliated brokers will no longer sell certain types of L share annuities, a move that puts the company in line with other B-Ds.
As the financial services industry jockeys for position in the fast-evolving world of robo-advice, Raymond James has put a stake in the ground, saying that it will not launch a robo-platform that competes with its affiliated financial advisers.
<i>Breakfast with Benjamin</i>: A former Edward Jones adviser is sentenced to five years in the slammer for bilking a disabled woman out of more than $100,000.
Peer-to-peer lending is an increasingly popular way of stamping out debt, but how does it stack up against more traditional strategies?
Mutual funds have been the go-to wrapper for alternative strategies, but that's changing.
A 65-year-old couple retiring this year should expect to spend $245,000 on health care costs, up $25K from last year.
The summertime spike in market volatility failed to dent investors' willingness to invest &mdash; or invest more of &mdash; their assets with robo-advisers.
One strategy may protect you from higher premiums next year; the other won't.
One strategy may protect you from higher premiums in 2016; the other won't.
Executive sees recruiting opportunity across the country after October recruiting deal struck.
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm's custom target-date series and global diversified fund lost hundreds of millions of dollars.
<i>Breakfast with Benjamin</i>: A dead asset no longer, gold shines bright above its 200-day moving average for the first time in five months.
Retirees will need to bridge the gap between how much they collect through Social Security and what they're likely to spend in retirement.
Former Bank of America exec calls it 'a women's crisis,' urges financial industry to lower the $13B gap between assets and post-retirement needs.
A simple collation of the tools and features of adviser-facing CRMs.
Concept of gender-specific automated investment service takes off with the second of its kind just a month after the first launched.
Insurer is trying to capitalize on big growth seen among asset-allocation products in the DC market and betting managed accounts become more widely used.
New survey finds advisers can play crucial role in maximizing clients' benefits.
A snapshot of the technological spending and usage in the IBD channel
