Advisor News

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REGULATION AND LEGISLATION MAR 02, 2017
Dodd-Frank reform may be put on back burner

President Trump did not mention it in his speech Tuesday, and a replacement bill is not getting the support it needs to make it through Congress

By Bloomberg
REGULATION AND LEGISLATION MAR 02, 2017
Piwowar blasts DOL fiduciary rule, says SEC should have 'comprehensive discussion' of advice standards

By Mark Schoeff Jr.
FINTECH MAR 02, 2017
Why advisers should update at least one tech system every year

Delaying a capital investment could result in falling behind the competition in future years

By Liz Skinner
REGULATION AND LEGISLATION MAR 01, 2017
DOL proposes 60-day delay to fiduciary rule

There will be a 15-day comment period on the proposal to extend the applicability date of the rule, beginning from the time the proposal is published in the Federal Register, scheduled for Thursday. The proposal also invites a 45-day comment period regarding the "examination described in the President's Memorandum."

By Greg Iacurci
RETIREMENT PLANNING MAR 01, 2017
This robot wants to change how you do your taxes

H&R Block is enlisting IBM's supercomputer Watson to ease your tax pain.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAR 01, 2017
The Hartford wins excessive-fee lawsuit

The lawsuit is similar to ones filed against other insurance companies in recent years, which challenge the fee levels received by the firm versus a fund's subadvisers.

By Greg Iacurci
REGULATION AND LEGISLATION MAR 01, 2017
Advisers' confidence in Trump soars after president's address to Congress

After an erratic five weeks in office, Mr. Trump's speech makes him 'more presidential.'

By Mark Schoeff Jr.
INDEPENDENT BROKER DEALERS MAR 01, 2017
Raymond James loses $762,000 penny stock arbitration claim

More than 20 claimants initially sought $8.8 million in damages and costs after a Morgan Keegan adviser allegedly misappropriated their funds.

By Bruce Kelly
REGULATION AND LEGISLATION MAR 01, 2017
Delay of DOL fiduciary rule likely to extend beyond 60 days

Agency will need more than two months to conduct assessment of regulation directed by President Trump.

By Mark Schoeff Jr.
RETIREMENT PLANNING MAR 01, 2017
IRS guidance on 401(k) hardship withdrawals clarifies uncertain terrain

Some see the guidelines as a way to button up rules and ensure participants aren't using 401(k) plans as a "piggy bank."

By Greg Iacurci
REGULATION AND LEGISLATION FEB 28, 2017
OMB concludes review of measure delaying DOL fiduciary rule

In a posting on its <a href=&quot;https://www.reginfo.gov/public/do/eoDetails?rrid=127214&quot; style=&quot;color:#b10816&quot; target=&quot;_blank&quot;>website on Tuesday morning</a>, the Office of Management and Budget also noted that it changed the designation of the delay to &quot;economically significant.&quot;

By Mark Schoeff Jr.
Strict timeline governs health savings accounts and Medicare
RETIREMENT PLANNING FEB 28, 2017
Strict timeline governs health savings accounts and Medicare

Beware of a six-month look-back period and tax penalties.

By Mary Beth Franklin
REGULATION AND LEGISLATION FEB 28, 2017
Delay of DOL fiduciary rule faces new challenges

Office of Management and Budget designates the delay 'economically significant,' making it more difficult for DOL to justify stall.

By Mark Schoeff Jr.
FINTECH FEB 28, 2017
Digital marketing strategies take years to perfect, but can yield prospects galore

Inbound marketing involves creating an impactful website, attracting interest to that site and building trust with visitors to inspire them to become clients.

By Liz Skinner
RETIREMENT PLANNING FEB 28, 2017
Empower telling 401(k) clients it won't be a fiduciary when DOL rule kicks in

Some observers question the move and at least one believes the firm may still be a fiduciary no matter what it claims.

By Greg Iacurci
REGULATION AND LEGISLATION FEB 27, 2017
Fate of fiduciary rule rides on regulators' political savvy

Acting Securities and Exchange Commission Chairman Michael Piwowar outlines ways to help 'forgotten investor,' but fiduciary duty is conspicuously absent.

By Mark Schoeff Jr.
PRACTICE MANAGEMENT FEB 27, 2017
5 ways to build quality financial plans amid DOL fiduciary rule uncertainty

The firms and advisers that are able to embrace the shift from a sales culture to one comprised of goals-based planning will thrive.

By Kevin Knull
RIA NEWS FEB 27, 2017
More reps plan shift to fees post-DOL: Cerulli report

Nearly two-thirds (64%) of broker-dealer advisers plan to shift more of their business to a fee-based model if the Department of Labor's fiduciary rule is put into effect, according to a report from Cerulli Associates.

By InvestmentNews
PRACTICE MANAGEMENT FEB 27, 2017
DOL rule slows down wirehouse recruiting and crimps bonuses

Even though the fiduciary rule's future is in doubt, wirehouses are downsizing the bonuses they are offering veteran brokers to jump ship.

By Bloomberg
RETIREMENT PLANNING FEB 26, 2017
State, local auto-IRA initiatives benefit 'forgotten' workers

Automatic-enrollment IRA programs would encourage employees to save for retirement.

By crain-api