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.
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.
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.
Plus: The downside of lower oil prices, how to get your money back from Wells Fargo, and why central banks are buying gold.
The funds are more flexible than annuities, but can't guarantee a set payment for life.
Douglas Wayne Studer agreed to be barred from the securities industry.
Hybrid strategy between active management and index funds needs to perform and be cheap.
Robert Muh prevailed over four candidates vying for the position, including the governor running for reelection, Robert Keenan.
We need to be candid about the realities facing today's pre-retirees.
Plus: T. Boone Pickens takes on President Obama's energy policy, how traders navigated the Fed, and starting your day off right
Longevity, rising costs make preparing a solid health-care budget next to impossible. <b>(Related read: <a href="//www.investmentnews.com/article/20160413/BLOG05/160419958/health-care-costs-squeeze-retirement-savings"" target=""_blank"" rel="noopener">Health-care costs squeeze retirement savings</a>)</b>
Most don't expect they could pass a hacking-preparedness test if the SEC came knocking, or even know all the compliance factors they are responsible for, according to a new Financial Planning Association study.
But high-income retirees might pay more, get less.
Adapting to regulatory changes has been a struggle, meaning the nontraded REIT industry's worst fears have come true.
In some traditionally expensive housing markets, higher incomes were outflanked by rising housing costs.
Increasing collaboration is at the top of the agenda for the new president of the North American Securities Administrators Association.
