The brokerage cites "additional flexibility" granted by the DOL in recent guidance as a determining factor.
The organization supports the underlying goals of the DOL rule, but thinks it should be "more appropriately tailored" to investment advisers.
Digital tool to include environmental, social and governance screens.
Tuition versus cost of living in the U.S., state by scary state.
The firm is cutting more than 1,500 funds that no longer meet its due diligence standards.
Robo-platforms are projected to have about $385 billion in client assets by the end of 2021, according to Cerulli Associates.
But a significantly higher increase would not make up for the negative impact rising inflation has had on seniors' buying power.
One retirement study needs to make its results more meaningful in terms of actually identifying voluntary poor behavior.
Agency says Utah broker-dealer failed to document suspicious microcap stock trades
The SEC extracted almost $3 billion in disgorgement payments in 2016.
Biggest concern is threat of excessive litigation due to best-interest contract exemption.
The firm has created a new role, head of the field, and eliminated division-level leadership positions
Brokers will be paid a flat rate based on clients' retirement assets, not transactions.
New SEC Chairman Jay Clayton makes request for comment on fiduciary duty one of his first actions, as DOL reasseses its measure.
The securities industry faces plenty of legal risks and compliance pitfalls following June 9, the official start date for the DOL fiduciary rule. <b>Plus,<a href="http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH/dol-fiduciary-rule-what-you-need-to-know-about-acostas-decision" style="color:#b10816" target="_blank"> what you need to know from the DOL's latest FAQs</a>.</b>
Any trend toward smaller homes would be welcome news in many U.S. housing markets.
Experts in the financial industry, unsurprisingly, have a lot of suggestions for smart financial gifts.
"Don't blindly provide it because you're asked for it," says one expert.
Changes include level compensation on fixed annuities and unit investment trusts.
Fidelity and Empower announced first-of-their-kind services in recent months, hoping to capitalize on demand for greater personalization and generate new sources of revenue.
