A final version of the document does not direct the DOL to delay the rule for six months, nor does it tell the agency to consult with the Department of Justice to seek a stay of the litigation surrounding the rule.
The DOL is expected to prepare an updated economic and legal analysis concerning the likely impact of the rule.
President Trump's decision to halt the DOL fiduciary rule drew mixed reactions from industry professionals.
The move scrambles the fierce six-year battle over the rule, which would require financial advisers to act in the best interests of their clients in retirement accounts. <b>Plus: <a href="//www.investmentnews.com/section/video?playerType=INTV&bctid=5309561439001"" target=""_blank"" rel="noopener noreferrer">Advisers react to Trump's DOL fiduciary rule decision</a></b>
The claimants alleged the Connecticut investment bank negligently supervised its broker.
Couples spend an average of $78,464 to get married in the most expensive wedding location &mdash; and the honeymoon isn't included.
Social Security simply doesn't provide enough income for people without defined benefit pensions and 401(k)s who can't afford to save, or to save more.
Divorce distribution and management fees
TD Ameritrade Institutional will add new tools to its Veo One platform that employ analytics to help financial advisers understand their practices better and a dashboard to pinpoint client-service issues.
The chairman of the House Rules Committee said in a letter that the rule would foist “mountains of paperwork” on financial planners while denying “access to quality investment advice” to millions of investors.
Some experts anticipate the Trump administration will abandon the legal fight, but that hasn't happened yet.
The wirehouse will break out fees for asset management services and products including mutual funds, alternative investments and commodities when it mails January account statements later this week
Clients can get live advice if they have enough assets, and those seeking a dedicated adviser will be referred to an RIA who is using Betterment for Advisors.
Adviser's approach can overcome client worries, such as that children won't have an incentive to work if they know how much they will inherit.
The record keeper joins three others &mdash; Fidelity, Voya and Xerox &mdash; in being sued over its relationship with the advice provider.
Lobbying group for independent broker-dealers lays out its annual agenda
Speculation is mounting as to what is taking the administration so long to act. Is President Trump waiting for his DOL secretary nominee to be approved? Or is he finding it harder to repeal than expected?
Size of award called "extraordinarily rare" by one securities attorney. <i><b>(More: <a href="//www.investmentnews.com/article/20160923/FREE/160929957/brokerages-walking-away-from-arbitration-awards"" target=""_blank"" rel="noopener noreferrer">Brokerages walking away from arbitration awards</a>)</i></b>
Bank's wealth management unit reports higher earnings on lower revenue.
DOL rule could prompt some advisers to move ahead of time &mdash; and others to stay put until they gauge rule's impact.
