The president's goal is over a five-year period, with an increase of 11% for fiscal 2017. Taxes, including for capital gains, also would increase under the new budget proposal.
In the next year, it will add follower capabilities, a portal for adviser peers to share best practices, adviser video tools.
A Michigan pension plan says the company bought back shares at artificially inflated prices because of misleading statements it made about its financial condition.
Guy Gentile accusing of fraudulently inflating price of stocks
The firm's new target-date mutual funds beat out Fidelity and Vanguard funds in price by two basis points.
The firm's position as the top TDF provider strengthened against No. 2 Fidelity Investments, which actually had net outflows for this category last year.
There is a new generation of financial companies that already lives up to the DOL's proposed rule.
Firm expects the fiduciary rule to be a catalyst for more advisory business and wants to help its advisers compete.
Responsibility for advice — even that which is incidental to a transaction — cannot be palmed off on an inanimate object.
Data ownership is emerging as a hot topic in the financial advice industry.
Finra orders the firm to pay about $2.9 million to two investors in Puerto Rico closed-end municipal bond funds. Total claims top $1.1 billion.
Florida financial advisers are appealing a lower court decision in ongoing legal battle over how they can describe their compensation.
Mandatory payouts from savings plans may trigger new taxes.
The comment period for the rule, which was introduced in December, closed on Monday.
<i>Breakfast with Benjamin</i> Investors assuming they will be able to continue working well beyond normal retirement age doesn't mesh with a frequent reality.
If the Labor Department has its way, say goodbye to the variable annuity industry as we know it. </br><b><i>(Related: <a href="http://www.investmentnews.com/section/specialreport/20160221/ANNUITY22016" target="_blank">Spotlight on Annuity Strategies special report</a>)</b></i>
Regulator launches target examination to assess compliance values and how they influence brokerages' ability to adhere to securities rules.
Policies and procedures which, when layered upon already onerous rules and regulations, fail to recognize advisers' years of experience and wisdom.
Court filings from the RCAP bankruptcy proceeding state that Cetera Financial Group's adviser headcount has fallen 4.3%.
The company doesn't specify how many of its 9,000 Cetera brokers will qualify, or any other details of the plan.
