While financial institutions are able to sell deferred-income and immediate annuities under a less onerous exemption, some are opting to sell under BICE to keep certain compensation arrangements intact.
Nearly a third now say the rule can help expand their business, up from 17% in January. <b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-faq"" target=""_blank"" rel="noopener noreferrer">A comprehensive, searchable database of advisers' fiduciary FAQs</a>)</i></b>
The SEC and states like Indiana believe company insiders can provide better insights on fraud and wrongdoing than aggrieved investors can.
Profitability is up 27% since 2011 as firms become more efficient through technology
Custodian's print and digital campaign will highlight RIAs' strengths and why investors should hire them.
Now that all retirement advice must be in a client's best interest, prospects are going to hear from every type of adviser that they act as fiduciaries.
Seven of the firm's eight taxable actively managed bond funds rank in the top 6% of their respective categories, beating the largest 50 fixed-income funds tracked by Morningstar.
Plus: Harvard's endowment falls back to Earth, don't hold your breath waiting for lower home prices, and taking a lesson from Benjamin Graham
Markets and upcoming elections weigh heavily on their outlook.
'This first set of FAQs will focus on some of the questions that have been raised in connection with the exemptions,' Borzi said. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-faq" target="_blank">A comprehensive, searchable database of advisers' fiduciary FAQs</a>)</i></b>
Speaking during the opening of the Schwab Impact conference Monday, Greg Valliere of Horizon Investments says the Republican Party could break into two within months after the election.
Determining adviser compensation under BICE is likely the "single most complicated thing" in the rule, according to attorney Fred Reish.
One 529 plan bumped up to gold, joining only two others with that top rating.
Eric Zakarin was also liable for $357,000 of Wells Fargo's attorneys' fees.
Also, Wells Fargo's biggest non-performing asset is its board, Kansas clamps down on bad news, and the ruby slippers are saved.
Many new U.S. infrastructure funds are designed to offer investors the possibility of higher income in exchange for taking some additional risk.
Competitive pressures on smaller firms present opportunity for deal making.
Retirees lost $140,000 after Christopher Ariola unduly concentrated them in energy, gold.
Custodian offers five portfolios with investment selected by Morningstar professionals.
