Attorneys, ever present in the 401(k) market, are beginning to target university 403(b) plans. These lawsuits follow close on the heels of ones against MIT, NYU and Yale.
Another financial services company has been targeted for costly proprietary investments in its 401(k) plan, leading to allegations of self-dealing at the expense of employees.
Allianz, Voya, Symetra and Lincoln Financial are forging ahead into virtually uncharted waters for product development.
The adviser boycotted her enforcement hearing, but that may not stop the regulator from throwing her out of the securities industry.
Lobbying group's chairwoman said its biggest member firm bolted after it couldn't get a break on annual dues for large firms.
The insurer joins other financial services companies such as Ameriprise and Principal, who've detailed rising compliance costs associated with the regulation.
One adviser helped his client avoid Social Security reductions by carefully mapping out when to take her benefits and pension.
Treasury Department's proposed regulation aims to curb tax-planning approaches that lower the valuation of stakes in corporations or partnerships.
The expense speaks to the difficulty broker-dealers are facing to comply with the controversial new regulation.
But policy buyers on Healthcare.gov may be out of luck.
The agency is particularly interested in conflicts of interest where the adviser is also a broker-dealer or affiliated with a broker-dealer that gets fees from sales of particular share classes.
Older baby boomers have seen the S&P 500 return 269% since its March 2009 low.
Beneficiaries may have to wait years to collect benefits; some never do.
Firms today must do much more in their relationship with advisers to keep them satisfied.
The Labor Department needs to provide additional guidance regarding these irregularities in time for advisers to plan accordingly.
The suits against NYU and Yale are especially significant because they're the first regarding university 403(b) plans.
Because platform initially will be offered through B-Ds, firm doesn't see it undercutting plan advisers' business, though it has considered going direct to plan sponsors.
The blurred line between retirement and non-retirement advice means advisers must be very careful when providing any financial services.
In today's regulatory environment, every adviser is guilty until proven innocent.
