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INDUSTRY NEWS FEB 28, 2017
Fee war rages on as Schwab slashes commissions to match Fidelity

Charles Schwab cuts its online retail trade commission to $4.95 from $6.95, matching a cut Fidelity made about 10 hours earlier.

By Bloomberg
RETIREMENT PLANNING FEB 28, 2017
Empower telling 401(k) clients it won't be a fiduciary when DOL rule kicks in

Some observers question the move and at least one believes the firm may still be a fiduciary no matter what it claims.

By Greg Iacurci
REGULATION AND LEGISLATION FEB 28, 2017
Delay of DOL fiduciary rule faces new challenges

Office of Management and Budget designates the delay 'economically significant,' making it more difficult for DOL to justify stall.

By Mark Schoeff Jr.
RIAS FEB 28, 2017
RIAs embrace the tough-love feedback of advisory boards

Letting clients help direct practice management decisions can have many upsides.

By Jeff Benjamin
FINTECH FEB 28, 2017
Digital marketing strategies take years to perfect, but can yield prospects galore

Inbound marketing involves creating an impactful website, attracting interest to that site and building trust with visitors to inspire them to become clients.

By Liz Skinner
EQUITIES FEB 27, 2017
Markets looking for policy details in Trump's speech

Some say it is critical for president to start outlining specifics on his pro-growth agenda to keep the rally going ​ 

By Bloomberg
PRACTICE MANAGEMENT FEB 27, 2017
5 ways to build quality financial plans amid DOL fiduciary rule uncertainty

The firms and advisers that are able to embrace the shift from a sales culture to one comprised of goals-based planning will thrive.

By Kevin Knull
REGULATION AND LEGISLATION FEB 27, 2017
Fate of fiduciary rule rides on regulators' political savvy

Acting Securities and Exchange Commission Chairman Michael Piwowar outlines ways to help 'forgotten investor,' but fiduciary duty is conspicuously absent.

By Mark Schoeff Jr.
PRACTICE MANAGEMENT FEB 27, 2017
DOL rule slows down wirehouse recruiting and crimps bonuses

Even though the fiduciary rule's future is in doubt, wirehouses are downsizing the bonuses they are offering veteran brokers to jump ship.

By Bloomberg
INDUSTRY NEWS FEB 27, 2017
How value investors succeed during market volatility

A disciplined value strategy may provide investors with a more tolerable experience in the downward-trending phase and a potentially rewarding experience across the full market cycle.

By Kimball Brooker, Jr.
RIAS FEB 27, 2017
More reps plan shift to fees post-DOL: Cerulli report

Nearly two-thirds (64%) of broker-dealer advisers plan to shift more of their business to a fee-based model if the Department of Labor's fiduciary rule is put into effect, according to a report from Cerulli Associates.

By InvestmentNews
PRACTICE MANAGEMENT FEB 27, 2017
Wells Fargo loses $375M team to Raymond James

Preston Covington III and team expand firm's coverage to Columbia, S.C.

By Bloomberg
INDUSTRY NEWS FEB 26, 2017
College planning programs in need of financial aid

Schools tell firms to hand over some funds if they want to have advisers down the road.

By Liz Skinner
RETIREMENT PLANNING FEB 26, 2017
State, local auto-IRA initiatives benefit 'forgotten' workers

Automatic-enrollment IRA programs would encourage employees to save for retirement.

By crain-api
RETIREMENT PLANNING FEB 24, 2017
Demographic shift of retirees to affect consumer spending

Major demographic shifts over the next decade will have a dramatic affect on U.S. consumer spending, which in turn will influence the overall economy, specific industry sectors and individual stocks, according to a new report from The Conference Board.

By Mary Beth Franklin
INDUSTRY NEWS FEB 24, 2017
Trump rally on verge of setting a record

By Bloomberg
RETIREMENT PLANNING FEB 24, 2017
Why many employees may never be able to retire

Millions aren't saving on the job because they either don't have access to a workplace retirement plan or they do but aren't putting money in it.

By Bloomberg
REGULATION AND LEGISLATION FEB 24, 2017
SEC's Piwowar calls for expanding participation in private placements to help 'forgotten investor'

Michael Piwowar says opening sales of private placements to ordinary investors would boost returns, portfolio diversification

By Mark Schoeff Jr.
PRACTICE MANAGEMENT FEB 24, 2017
Merrill Lynch cuts its top rate on fee accounts

Reduction from 2.7% to 2.2% could save smaller clients $5,000 a year.

By InvestmentNews
RETIREMENT PLANNING FEB 24, 2017
Using IRAs to reduce Medicare premiums

Directing a portion of required minimum distributions directly to a charity can reduce both taxes and Medicare premiums.

By Mary Beth Franklin