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Ken Fisher, famous annuity hater, invested in annuity companies
RIAS AUG 31, 2018
Ken Fisher, famous annuity hater, invested in annuity companies

Mr. Fisher's company formerly held tens of millions of dollars in the stock of major companies selling indexed and variable annuities.

By Greg Iacurci
Advisers back  Trump's directive to ease distribution rules for retirement accounts
RETIREMENT PLANNING AUG 31, 2018
Advisers back Trump's directive to ease distribution rules for retirement accounts

They also support another part of the president's order that would help small employers offer retirement plans to workers.

By Mark Schoeff Jr.
Personal Capital takes aim at retirement income
RETIREMENT PLANNING AUG 31, 2018
Personal Capital takes aim at retirement income

The digital adviser's latest feature uses tax-efficient withdrawals to extend retirement savings.

By Ryan W. Neal
Here's what could happen to your taxes if Democrats regain control of Congress
RETIREMENT PLANNING AUG 30, 2018
Here's what could happen to your taxes if Democrats regain control of Congress

Boosting the corporate tax rate, eliminating carried interest and modifying the pass-through provision are among the possibilities Democrats are discussing.

By Bloomberg
Airports open virtual-reality, video game lounges
INDUSTRY NEWS AUG 30, 2018
Airports open virtual-reality, video game lounges

Harried travelers need something to distract them besides beer, burgers and duty-free shops.

By Bloomberg
As ESG investments boom, asset managers seek out fixed-income options
ESG AUG 30, 2018
As ESG investments boom, asset managers seek out fixed-income options

Bonds have potential to be a popular ESG asset class for impact investors.

By Bloomberg
Boost Social Security Benefits: 8 Effective Strategies Revealed
RETIREMENT PLANNING AUG 30, 2018
Boost Social Security Benefits: 8 Effective Strategies Revealed

As Social Security celebrates its 83rd anniversary, here are steps individuals can take to increase their benefits.

By Mary Beth Franklin
Ameriprise scoops up $140M family team from Wells Fargo
INDUSTRY NEWS AUG 30, 2018
Ameriprise scoops up $140M family team from Wells Fargo

Peter De Arcangelis will be joined at Ameriprise by his wife and his daughter.

By Bloomberg
Merrill Lynch reverses policy on banning IRA commissions following death of DOL fiduciary rule
WIREHOUSES AUG 30, 2018
Merrill Lynch reverses policy on banning IRA commissions following death of DOL fiduciary rule

Wirehouse cites client demand and a new regulatory environment in deciding to abandon its pioneering stance on commission IRAs.

By Greg Iacurci
Wells Fargo to combine bank and wirehouse reps under one roof
RIAS AUG 30, 2018
Wells Fargo to combine bank and wirehouse reps under one roof

Internal memo shows first stages of a $4 billion cost-cutting plan, but critics argue that blending the two divisions will be difficult.

By Jeff Benjamin
Nudging Congress toward Social Security reform
RETIREMENT PLANNING AUG 30, 2018
Nudging Congress toward Social Security reform

Grassroots coalition encourages the public to demand improved retirement security.

By Mary Beth Franklin
Mychal Kendricks, Cleveland Browns linebacker, charged with insider trading
REGULATION AND LEGISLATION AUG 29, 2018
Mychal Kendricks, Cleveland Browns linebacker, charged with insider trading

Mychal Kendricks has admitted buying shares of companies he was told were about to be acquired and then selling them at a profit.

By Mark Schoeff Jr.
Crypto craze puts retirement savings at risk
RETIREMENT PLANNING AUG 29, 2018
Crypto craze puts retirement savings at risk

Regulators and Congress should protect investors by slamming the door shut on efforts to bring cryptocurrency into the world of retirement savings.

By Tim Chen
Focus Financial sees 500 more RIAs as potential acquisitions
RIAS AUG 29, 2018
Focus Financial sees 500 more RIAs as potential acquisitions

In its first quarterly earnings call, CEO Rudy Adolf said the roll-up company had access to $825 million in cash and credit to buy more firms.

By Jeff Benjamin
Advisers in a pickle over low-yielding cash sweep accounts
RIAS AUG 29, 2018
Advisers in a pickle over low-yielding cash sweep accounts

As interest rates climb, advisers are forced to rethink the cash management fund links to brokerages and custodians.

By Jeff Benjamin
Using Social Security to fund paid parental leave is not the way to go
RETIREMENT PLANNING AUG 29, 2018
Using Social Security to fund paid parental leave is not the way to go

Marco Rubio's proposed bill would increase spending.

By Bloomberg
LPL Financial picks up $360 million firm from First Allied Securities
INDUSTRY NEWS AUG 29, 2018
LPL Financial picks up $360 million firm from First Allied Securities

Sackman and Son Financial Services, operating out of Waukegan, Ill., says that LPL's self-clearing capabilities were a big factor in its decision to change firms.

By Sarah Min
SEC Regulation Best Interest an important step for our industry
REGULATION AND LEGISLATION AUG 29, 2018
SEC Regulation Best Interest an important step for our industry

The agency's approach allows firms to comply with new guidelines while while tailoring their practices to their own businesses and clients.

By Dale Brown
Estimating the impact of early retirement on Social Security benefits
RETIREMENT PLANNING AUG 29, 2018
Estimating the impact of early retirement on Social Security benefits

Just use the government's online tool for a really eye-opening experience

By Mary Beth Franklin
Half a dozen Midwest advisers bolt from Waddell & Reed
INDUSTRY NEWS AUG 28, 2018
Half a dozen Midwest advisers bolt from Waddell & Reed

The broker-dealer, which has seen an exodus of brokers in the last couple of years, lost six more experienced advisers last week.

By Bruce Kelly