When the United Kingdom implemented similar legislation a few years ago, about 40% of advisers simply left the business.
The agency said that for the first time it used a coding technique against a broker-dealer to identify potential unsuitable transactions.
Unconfirmed New York Post story revives old rumor that Swiss company may want to sell its U.S. brokerage house.
Private offices and cubicles are a thing of the past at modern firms. <b><i>(Related read: <a href="//www.investmentnews.com/article/20161102/BLOG09/161109983/seven-technology-trends-shaping-investments"" target=""_blank"" rel="noopener noreferrer">Seven technology trends shaping investments</a>)</b></i>
The advice industry is still largely speculating about what lies ahead.
The level of market jitters is pretty normal, despite a recent survey that shows the election is causing U.S. voters high anxiety.
Despite redemptions, largest bond funds hold up well.
In the first legal challenge to be decided, judge upholds Department of Labor regulation. <b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-focus"" target=""_blank"" rel="noopener noreferrer">The DOL rule, from all angles.</a>)</i></b>
Humans are great at projecting way into the future about something that may or may not happen.
Putting past performance in perspective.
Plus: Record bets on the election outcome, questions for your CTA, and don't take financial advice from your family
Plus: Going for the gold, retiring with a $500k nest egg, and Templeton Global Bond Fund under the microscope
Global ETF manager sees big opportunities in U.S. market.
The Department of Labor's 24-page document on frequently asked questions on the fiduciary rule inspires even more questions from the advisory industry than it answers.
Summit Advisor Services, a turnkey asset management program, was partially owned by an Aequitas venture. That company had been charged by the SEC with running a Ponzi scheme.
Eaton Vance, Goldman Sachs, FOLIOfn among those firms going for goodness.
The firm is eliminating potnential conflicts of interest before the DOL fiduciary rule take effect next year
Academic study in Germany concludes that poor fund selection and rotten market timing contribute to poor performance
CEO says decision preserves choice while recognizing new fiduciary requirements. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule"" target=""_blank"" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>
