News

Displaying 43019 results
How Ohio National's move may lead to 'unscrupulous' broker behavior with annuities
RIAS OCT 04, 2018
How Ohio National's move may lead to 'unscrupulous' broker behavior with annuities

If other insurers also start to terminate VA trail commissions, brokers might opt to take upfront sales commissions instead and start churning their clients' annuities.

By Greg Iacurci
A guide to Medicare open enrollment
RETIREMENT PLANNING OCT 04, 2018
A guide to Medicare open enrollment

Medicare enrollees should review their drug coverage and Advantage plans for 2019.

By Mary Beth Franklin
Super-rich are piling up wealth in black-box charities
RETIREMENT PLANNING OCT 04, 2018
Super-rich are piling up wealth in black-box charities

Money flowing into donor-advised funds far outstrips grants being made from the funds.

By Bloomberg
FPA welcomes conference attendees with #MeToo notice
RIAS OCT 04, 2018
FPA welcomes conference attendees with #MeToo notice

Annual meeting includes new harassment policy aimed at avoiding uncomfortable situations.

By Jeff Benjamin
Transamerica pays $195 million to settle lawsuit over universal life insurance
LIFE INSURANCE AND ANNUITIES OCT 04, 2018
Transamerica pays $195 million to settle lawsuit over universal life insurance

Suit alleged the insurer improperly increased monthly costs to avoid guaranteed monthly interest payments.

By Ryan W. Neal
PIABA: Finra proposal to ease oversight of brokers' outside activities would spur selling away
REGULATION AND LEGISLATION OCT 04, 2018
PIABA: Finra proposal to ease oversight of brokers' outside activities would spur selling away

Arbitration lawyers assert changes would create regulatory 'black hole.'

By Mark Schoeff Jr.
Marie Chandoha, head of Charles Schwab Investment Management, to retire
INDUSTRY NEWS OCT 04, 2018
Marie Chandoha, head of Charles Schwab Investment Management, to retire

She is being replaced by Jonathan de St. Paer, currently a senior executive at the group.

By Bruce Kelly
Discrimination claim filed by ex-Morgan Stanley rep sent to arbitration
WIREHOUSES OCT 04, 2018
Discrimination claim filed by ex-Morgan Stanley rep sent to arbitration

Judge rules that John Lockette was bound by a company policy requiring employees to arbitrate all claims.

By Bruce Kelly
Unregistered South Carolina adviser get 6 years in prison for fraud
RIAS OCT 04, 2018
Unregistered South Carolina adviser get 6 years in prison for fraud

Melvin Wimmer was also ordered to pay more than $3 million in restitution to clients.

By Bruce Kelly
Why You Needed a Continuity Plan Yesterday
OPINION OCT 04, 2018
Why You Needed a Continuity Plan Yesterday

With many people depending on a practice to continue operating in an advisor's absence, it's vital to have a detailed continuity plan. Learn how to get started on yours today.

By Roger Verboon
Super-rich are piling up wealth in black-box charities
TAX OCT 03, 2018
Super-rich are piling up wealth in black-box charities

Money flowing into donor-advised funds far outstrips grants being made from the funds.

By Bloomberg
Mary Beth Franklin: Slowing drug costs temper health care inflation
RETIREMENT PLANNING OCT 03, 2018
Mary Beth Franklin: Slowing drug costs temper health care inflation

But medical expenses will consume a growing portion of retirement budgets.

By Mary Beth Franklin
LPL recruits $220 million Missouri team from Waddell & Reed
INDUSTRY NEWS OCT 03, 2018
LPL recruits $220 million Missouri team from Waddell & Reed

BMG Advisors has served clients in Kansas City for 35 years.

By Bloomberg
Schwab report shows strong growth of SEC-regulated advisers
REGULATION AND LEGISLATION OCT 03, 2018
Schwab report shows strong growth of SEC-regulated advisers

New registrations increased 20% in 2017 over the year before

By Mark Schoeff Jr.
Settlements at old Schorsch REIT could cost shareholders $730 million
ALTERNATIVES OCT 03, 2018
Settlements at old Schorsch REIT could cost shareholders $730 million

Accounting scandal from 2014 could wind up costing shareholders 75 cents per share, analyst says.

By Bruce Kelly
Mercer, Morningstar join forces for single digital research platform
INDUSTRY NEWS OCT 03, 2018
Mercer, Morningstar join forces for single digital research platform

The new platform will be made available on Morningstar Direct and introduced by region next year.

By Bloomberg
JB Investment Management joins RMB Capital
FIXED INCOME OCT 03, 2018
JB Investment Management joins RMB Capital

JB Investment Management helps RMB expand their fixed income offerings for clients.

By Bloomberg
Mary Beth Franklin: Ways to modernize Social Security benefits
RETIREMENT PLANNING OCT 03, 2018
Mary Beth Franklin: Ways to modernize Social Security benefits

Options include boosting benefits for widows and the poor at the expense of high earners.

By Mary Beth Franklin
New FPA survey reveals characteristics of top advisers
PRACTICE MANAGEMENT OCT 03, 2018
New FPA survey reveals characteristics of top advisers

'Behavioralists' outpace their colleagues in such areas as net client growth rates and referrals.

By Jeff Benjamin
Finra CEO Robert Cook cautions industry not to take comfort in sharp drop in fines last year
REGULATION AND LEGISLATION OCT 02, 2018
Finra CEO Robert Cook cautions industry not to take comfort in sharp drop in fines last year

A recent third-party report showed Finra fines up in the first half of 2018, but the regulator declined to project this year's numbers, saying only that penalties fluctuate.

By Mark Schoeff Jr.