Tougher regulation in the 401(k) marketplace is driving “dabblers” out of the plan advisory business, according to an industry executive.
Institutional Shareholder Services Inc., the nation's largest proxy advisory firm, could be forced to revise its business plan if the Labor Department adopts a proposal to expand the definition of “fiduciary.”
Deep job losses from the Great Recession, combined with dried-up job markets, have created a class of “accidental entrepreneurs” — people who start businesses because they have few other options.
Financial advisers who live by the maxim “the early bird catches the worm” might want to think twice before getting a head start on making the switch to state registration.
Financial advisers are bulking up their resources — and bracing for client complaints — as they prepare for the Jan. 1 deadline to begin complying with new cost basis rules.
FBR Capital Markets downgraded The Charles Schwab Corp. last week on concerns that the company could face more litigation from investors.
Sanders Morris Harris Group Inc., a wealth management broker-dealer that owns Edelman Financial Services LLC, indicated in its quarterly report that regulators have decided to recommend disciplining the company.
Instead of fighting with advisers over the estimated $1.5 trillion in 401(k) rollover assets, record keepers may want to work with them.
Trust Company of America is building a future-oriented interface
The Charles Schwab Corp. made several technology announcements this morning at its annual Impact conference in Boston.
Generally speaking, financial advisers aren't exactly overjoyed when one of their industry associations raises its dues
As the new Dodd-Frank legislation requires, the Securities and Exchange Commission now has six months to study whether a fiduciary standard; a first step in this process is gathering input.
Republican promises to revisit the financial reform law aren't fazing Securities and Exchange Commission Chairman Mary Schapiro.
Moody's Investors Service late yesterday downgraded John Hancock Life Insurance Co. (USA)'s insurance financial strength ratings, citing problems in the carrier's long-term-care insurance business.
What is the purpose of disclosing a conflict of interest? The answer de-pends on whether a financial adviser is a fiduciary.
Judge questions bank's $75M settlement with SEC over subprime disclosure; invisible men?
Hoenig says Dodd-Frank doesn't prevent excessive risk-taking; 'greatest risk to the U.S. economy'
The wealthiest investors in the U.S. put less of their holdings into structured products than the less affluent, according to a study commissioned by the Securities Industry and Financial Markets Association.
After seeing their retirement savings devastated by the financial crisis, Americans may be more open to annuities as a way to ensure an income stream and protect against market downturns, according to an insurance industry leader.
Buddy Donahue -- the 'driving force' behind the SEC proposal on fund fees -- is leaving the agency. The upshot? The final rule may look a whole lot different than the current model.
