Advisor News

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REGULATION AND LEGISLATION MAR 16, 2018
DOL fiduciary rule: Industry reacts to Fifth Circuit ruling

Groups on both sides of the fiduciary debate had plenty to say.

By Greg Iacurci
RETIREMENT PLANNING MAR 16, 2018
Don't know if you qualify for 20% pass-through deduction? You're not alone

Trying to figure out who qualifies for the deduction — and who doesn't — is proving to be a monumental challenge.

By Bloomberg
RETIREMENT PLANNING MAR 16, 2018
Graying of America will put pressure on Social Security reform

U.S. seniors will outnumber those 18 and under by 2035

By Mary Beth Franklin
REGULATION AND LEGISLATION MAR 16, 2018
DOL fiduciary rule likely to live on despite appeals court loss

Future developments will hinge on whether the Labor Department continues the fight to remake the regulation its own way.

By Mark Schoeff Jr.
WIREHOUSES MAR 16, 2018
Stocks of brokerages, insurers rally after DOL rule struck down

Morgan Stanley, LPL and Principal among stocks that climbed higher than market benchmarks Friday.

By Bloomberg
RIA NEWS MAR 16, 2018
DOL rule may be history, but a fiduciary standard still in the works

Advisers and brokers alike believe that the SEC will deliver a fiduciary standard because consumers want it.

By Jeff Benjamin
REGULATION AND LEGISLATION MAR 16, 2018
Feds broaden investigation of Wells Fargo Advisors: WSJ

FBI agents have interviewed some wealth-management employees.

By InvestmentNews
RETIREMENT PLANNING MAR 15, 2018
Social Security budget cuts lead to declining customer service

Telephone, in-person wait times soar as the demand for retirement benefits rises.

By Mary Beth Franklin
Advisers complain to SEC about inadvertent custody
RIA NEWS MAR 15, 2018
Advisers complain to SEC about inadvertent custody

Agency official promises to clear up questions created by 2017 guidance.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION MAR 15, 2018
Senate rollback of Dodd-Frank faces challenge in House

Financial Services Chairman Hensarling makes it clear the House won't rubber-stamp the Senate's bill.

By Bloomberg
REGULATION AND LEGISLATION MAR 15, 2018
SEC Commissioner Hester Peirce wants fiduciary reform to preserve investor options

The Republican appointee wants to make sure there are a variety of payment models and levels of service.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION MAR 15, 2018
Senate votes to roll back parts of Dodd-Frank

Small lenders would not be subject to "too big to fail" requirements.

By Bloomberg
RETIREMENT PLANNING MAR 15, 2018
SunTrust Banks, 401(k) participants settle fiduciary-breach lawsuit

The class-action lawsuit is a consolidation of several complaints against the 401(k) plan fiduciaries.

By Robert Steyer
REGULATION AND LEGISLATION MAR 15, 2018
Fifth Circuit Court of Appeals vacates DOL fiduciary rule

In split decision, judges say agency exceeded authority.

By Mark Schoeff Jr.
WIREHOUSES MAR 14, 2018
UBS plans to cut 840 funds from its platform

Broker-dealer will remove about 20% of its 4,200 funds, a trend among wirehouses with several possible reasons behind it.

By Jeff Benjamin
RETIREMENT PLANNING MAR 14, 2018
401(k) plans are trifecta of confusion

Sponsors, providers and participants view plans differently, Cerulli research finds.

By Bloomberg
PRACTICE MANAGEMENT MAR 14, 2018
Merrill vets ready to recharge breakaway recruiting efforts

After regrouping in wake of broker-protocol exits, Snowden Lane Partners is ready to recruit wirehouse brokers and RIAs.

By Jeff Benjamin
RETIREMENT PLANNING MAR 14, 2018
Fiduciary rule shifts power to broker-dealer compliance departments

As firms try to limit their liability under the DOL rule, new problems have arisen.

By Fred Barstein
RETIREMENT PLANNING MAR 14, 2018
Public employee retirement systems could face shortfalls as retirees outnumber workers

Governments will need to make up a funding gap caused by investment losses, inadequate contributions.

By Bloomberg
WIREHOUSES MAR 13, 2018
Merrill shakes up group that works with richest clients

Experts dealing with international and private banking clients will now form one team.

By Bruce Kelly