Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to 'cater to the far left.' Democrats say ESG, diversity data is crucial.
While it's simple to choose annuity providers based on price and payout rates, those costs and rates can change frequently, so the best options today might not be as good in several years, a new report concludes.
The independent broker-dealer, backed by Reverence Capital Partners, is suing an annuity company owned, in part, by the same private equity firm.
Evan Lereah’s father started the Red Bank, New Jersey-based business 40 years ago.
It is no wonder, but certainly disappointing, that one of the industry’s most innovative providers, Prudential Retirement, is reportedly exploring a sale. That highlights how much record keeping has become a commodity focused on scale and costs.
The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.
Republican lawmakers in the House tell the new SEC chairman to avoid ‘mission creep’ in the agency's oversight of environmental, social and governance disclosures.
The integration of the two technologies is mutually beneficial, giving RIAs access to Schwab client data and AdvisorEngine’s adviser toolbox.
The analyst twice purchased securities after he learned a fellow analyst was upgrading his recommendation in impending research reports and then lied to Finra staff about his trading.
Citigroup plans to 'double down on wealth,' while Merrill's account balances surged 31%.
The world's largest retailer announced plans to launch a digital advice platform for its 220 million weekly clients. It will likely target lower-income Americans with simple but necessary financial products.
Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans.
The results of a recent experiment show people saved more, spent less and felt more secure financially while saving as a group, according to the nonprofit Commonwealth.
The measure, written by Democratic lawmakers, will have a hard time finding Republican votes. But it does send a signal of support to the SEC for tougher ESG oversight.
A struggle for seats on the board of Blucora Inc., which owns the independent broker-dealer Avantax Investment Services Inc., is heading for a showdown. Blucora has purchased two broker-dealers in half-a-dozen years to expand into the wealth management business.
Clients who feel they’re being ignored or getting second-class treatment will get fed up and leave, especially if investment performance hasn’t been great or the firm has dropped the ball somewhere else.
Andrew Meredith and Kevin Lindung are based in Towson, Maryland.
Walnut Beech Advisors maintains offices in Michigan and New York
The pandemic has reminded us that too many Americans are being left behind economically, and the stats for financial education demonstrate that is happening in the classroom too.
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