The eleventh sector of the index alters the dynamics of the financial sector.
The Financial Services Institute is pleased to see the regulator putting forward a broad-ranging slate of common-sense improvements, writes FSI CEO Dale Brown.
The new sector has 28 issues with a market value of about $605 billion.
Introduction of bill to kill Treasury's rule curbing tax-planning strategies comes as Hillary Clinton announces an increase to her top estate-tax rate.
What's good for flash traders might not be good for you.
The retirement industry has increasingly called for open MEPs as a way to close the coverage gap in the private sector, and recent congressional moves make them a strong likelihood.
Plus: The SEC's Leon Cooperman file, clawing back Wells Fargo cash, and saving money is hard for everyone
Plus: DOL rule drives some advisers out of the business, a speculative bet on gold, and don't put this on your resume
The firm has about 30 investment products for clients who want to help women gain equality
Senate panel urges agency to improve guidance on when to claim benefits after a study by the Government Accountability Office showed government representatives often give out misleading information.
Multiple studies have found that about two-thirds of all divorces are initiated by women.
Independent broker-dealers expected to be hardest hit, with a 22% loss in revenue.
Legislation also would require defined-contribution plans to make lifetime income disclosures, and allow small employers to combine plans.
Selection process will be like a suitability standard on steroids, requiring an analysis like those done by a financial planner.
A financial scandal showing harm to the unsuspecting public — even if conducted outside the advice industry — will live on in the minds of voters and politicians.
Plus: Goldman pushes the Fed, Elizabeth Warren's latest grandstand, and premium gas is usually a rip off
Some broker-dealers and RIAs are turning to third parties to begin the tough task of educating advisers on the new regulation. <b>(Plus, <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">find the answers to all of your questions on the fiduciary rule</a>.)</b>
Deputy assistant secretary Timothy Hauser also says liability exposure is relative to portfolio size, so regulation shouldn't prevent serving clients with modest assets.
The funds are more flexible than annuities, but can't guarantee a set payment for life.
