Emails show collaboration on strategy and event planning between the powerful lobby, the administration and Labor Department.
Activist investor exits after Legg lost 42% of its value in past year.
Changes will be felt most markedly in the retail market, where investors will serve as their own enforcement agents.
Final version includes a number of changes that address the most serious concerns of those who most vehemently criticized it.
The broker lobbying group also remains concerned about cost and limited investment choices for investors.
Fund wants to diversify product line and strike while the iron is hot with proposed acquisition of the Alpha Defensive Alternatives Fund
Advisers should weigh wealth management technology as an answer to their small-account woes.
The tax advantages might not be worth it.
The investment advisory firm is the third RIA to join the wealth management group this year.
Factoring in Fed policy, cheap oil, and living with volatility
Firms need to be proactive in conveying information to their advisers.
Three investment advisers who charge fees, commissions and by the hour for their services don't anticipate big changes at their firms.
Meanwhile, the industry's biggest threat, ETFs, are chugging along offering a single-version product to all investors.
Why pulling out of emerging markets borders on foolhardy
Here are some ramifications the new rule may have on adviser movement in the industry.
Plus: Advisers speak out on DOL rule, the inflows continue for equity ETFs, and big banks strive to look small to regulators
People and companies giving advice on 401(k) and individual retirement accounts will be held to a tougher clients-come-first standard following a new rule issued by the Department of Labor this week.
Companies are offering freebies and discounts celebrating the end of the annual filing ordeal. Here's a roundup of what's available.
Legg Mason investor survey shows tremendous pressure on stock performance, a need for safer income-generating investments.
