Mr. Rostad says RIAs should be much more proactive when it comes to fiduciary.
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
Sailing through the chamber, bill includes changes to who is considered a sophisticated investor eligible to participate in private placements.
The plaintiff, who had alerted the SEC to alleged lax security over customer data, claims her former employer's actions were "retaliatory."
Putting goals in short-, medium- and long-term buckets creates a touchstone advisers can refer to when people want to do something that conflicts with them.
And, just maybe, the economy isn't that bad.
Lower incomes and fewer assets in savings plans lead to problems in retirement.
Ad campaign suggests robo-adviser is ready to battle for fiduciary standard.
Long durations, low credit quality spell trouble.
Over the last several years, TDFs have crafted new strategies and engaged in a marketing bonanza to stand out from the competition.
Taking $2.6 billion in assets with him, Carson is second prominent adviser to leave LPL this month. <b><i>(More: <a href=""" target=""_blank"" rel="noopener noreferrer">Carson on why we're on the eve of massive disruption in financial services</a>)</i></b>
Clients are too often being presented with comparisons of hypothetical values for the in-force policy versus some sales proposal/illustration.
Awards for damages tied to the island's debt crisis continue to climb this year.
Oppenheimer has about $3.5 billion in Puerto Rican debt spread across 19 funds, according to Morningstar.
<i>Breakfast with Benjamin</i> Plan to default on $1 billion worth of general obligation bonds has markets on alert.
Many believe it is aimed at broker-dealers, but they could be in for a rude awakening
Younger generations may opt to go robo at their local financial institution rather than seek out an adviser.
The left side of the aisle is likely to hold together well enough to ensure the rule is modified rather than taken off the books.
