Nearly three years after he was thrown out of the securities industry, the adviser has filed another appeal.
The Labor Department's conflict-of-interest rule is upping plan sponsors' concern for their fiduciary duty.
Family benefits account for a much smaller percentage of Social Security outlays today than they did in the past.
ERISA attorneys say the judge's decision was a complete rebuke of classic arguments in excessive-fee suits, and could provide fodder for the defense in future trials.
One attorney called the lawsuit an "attack" on the investment-management structure within variable annuities.
The plaintiffs argued that the company provided a money market fund instead of a stable value fund and paid excessive record-keeping fees to Vanguard Group, among other wrongdoings.
The wirehouse now joins a growing list of other financial-services companies sued for similar reasons.
The depth and breadth of the new DOL fiduciary rules requires all firms to consider outsourcing aspects of their practices and/or adding new technology.
The suit, not brought by Jerry Schlichter's law firm, could signal a 'race to the courthouse' in the university 403(b) market.
MPT can lead RIAs to keep investors locked into investment decisions based on forecasting models that don't adapt to ever-changing market conditions
The traditional process of signing on clients takes too long, unlike their online counterparts.
Stark differences include one presidential candidate who seeks to raise income taxes on the wealthiest Americans while the other would cut them across the board.
Attorneys, ever present in the 401(k) market, are beginning to target university 403(b) plans. These lawsuits follow close on the heels of ones against MIT, NYU and Yale.
Another financial services company has been targeted for costly proprietary investments in its 401(k) plan, leading to allegations of self-dealing at the expense of employees.
Allianz, Voya, Symetra and Lincoln Financial are forging ahead into virtually uncharted waters for product development.
The adviser boycotted her enforcement hearing, but that may not stop the regulator from throwing her out of the securities industry.
Lobbying group's chairwoman said its biggest member firm bolted after it couldn't get a break on annual dues for large firms.
The insurer joins other financial services companies such as Ameriprise and Principal, who've detailed rising compliance costs associated with the regulation.
One adviser helped his client avoid Social Security reductions by carefully mapping out when to take her benefits and pension.
