The wirehouse offers a way for non-fiduciary brokers working with 401(k) plans to continue working with clients in the small-plan market
Sen. Elizabeth Warren says investors are being taken advantage of by brokerage firms, citing a study that determined the industry failed to pay $62 million in claims in 2013.
Measure, passed by overwhelming House majority last year, gives brokers safe harbor for issuing reports.
Finra suspended Adam C. Smith for one year and imposed a $10,000 fine for accepting gifts totaling $105,000.
Small fund companies may have to pivot, by embracing a niche specialization or redirecting sales forces toward new distribution channels.
Mr. Putnam was a key architect in the early days of the firm, overseeing its tremendous growth.
Broker-dealer groups endorse the change, saying it would put them on a level playing field with investment advisers.
Consumers want products that offer peace of mind and make it easier to manage a budget in retirement.
The lawsuit alleges that half of the 401(k) plan's investment options were affiliated with J.P. Morgan.
Just as advisers are obligated to fulfill fiduciary duties, elected officials are similarly obligated when it comes to public policy.
Three-year scheme by Massachusetts man based on bogus bank transfers.
The House Republican approach kills investment-income levies, but the breadth of coverage could shrink.
Some retirement plan advisers see providers' compliance moves as potential competition.
Treasury market brokerage buys asset management, family office units outright.
Three new portfolios from Motif Investing promise to refund a monthly subscription fee for underperformance
Replaces Bob Oros, who departed in January.
Ariel Investments wins trademark suit against small Florida RIA with same name.
Reborn once before, it's beset with debt problems, reports The Wall Street Journal.
