Advisers still unintentionally falling into trap of custody provisions passed after Madoff swindle.
Working longer can allow continued contributions.
Attorneys ask the Dallas federal court not to issue a ruling pending a “status report” it plans to file in relation to President Trump's Feb. 3 memo to review the regulation.
CFO4Life left LPL in 2012 to go independent
The wirehouse would be jumping on a trend toward advisory business that analysts expect to accelerate because of the Labor Department's fiduciary rule.
Charges by Massachusetts' top regulator relate to the former top-producing adviser Roger Zullo, who allegedly committed fraud in selling variable annuities to retirees.
RIA-industry veteran will replace Roger Ochs at the $37B wealth management firm
The plaintiff's bar is licking its chops, looking for a new class to represent
Addition of Laura Nagle's practice will bring total AUM to $510 million
Private equity firm adds Maine-based compliance and distribution consultants
Tech provider teams with The Retirement Advisor University for curriculum
The firm also addressed the recent departures of groups managing about $2 billion in brokerage assets — including star adviser Ron Carson — on its earnings call.
House Republicans introduce bills to block Labor Department rules promoting creation of retirement plans for private-sector employees.
Familiar financial giants are doing well attracting investor assets on digital platforms
Agency said it recruited 945 arbitrators in 2016, and that 33% were women and 14% African American. But reform advocates seek broader changes, such as with the expungement process and notice of unpaid awards.
Advisers will need to be able to demonstrate they are recommending low-fee and high-performance products.
In an 81-page ruling, Chief Judge Barbara M.G. Lynn of the Northern District of Texas, shot down each of the major arguments submitted by industry trade groups. <b>Plus: <a href="//www.investmentnews.com/article/20170208/FREE/170209909/justice-department-seeks-stay-in-dol-fiduciary-rule-lawsuit"" target=""_blank"" rel="noopener noreferrer">Justice Dept. seeks stay in DOL rule lawsuit</a>)</i></b>
Resources Investment Advisors also has affiliate retirement-focused advisory firms with $6 billion in assets, but it's uncertain whether they will follow suit and depart LPL.
Carson ends a 28-year relationship by moving his firm from LPL to Cetera.
A looming fiduciary rule, combined with regulations limiting product sales, have experts predicting more consolidation is inevitable
