Plus, one of the biggest shocks to current retirees is the cost of health care, according to a new survey.
Pershing COO says B-Ds are caught in a vise and need help with easing internal expenses.
Two software providers are working to document ongoing compliance tasks: BasisCode Compliance and RIA in a Box.
Third legal complaint against the Labor Department's regulation to raise retirement advice standards is filed in a Texas court by insurance-industry organizations.
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Who gets which benefits when? It depends.
Other partners include New York Life, Santander and current partner UBS.
The rule of thumb says you can tap 20 to 25% of available credit before you risk hurting your credit score.
The DOL fiduciary rule will forever change financial advice, and the industry now faces the challenge of adapting to the new regulation.
The mergers we may see as a by-product of the DOL rule are likely to be trickier — and more permanent — affiliations, and advisers will need to do their homework.
Pershing LLC has partnered with NextCapital, an adviser-facing robo platform.
The legislation, which would automatically enroll employees without retirement-plan access, is a companion bill to one put forth in the Senate earlier this year.
The Wall Street firm will emphasize retention over costly recruitment packages.
The Labor Department's determination to move ahead with the fiduciary rule in spite of others' grave misgivings has left us with no other choice than to bring this issue before a court of law.
Even those fighting the regulation say advisers need to start making business decisions to meet April 2017 implementation.
Registered investment advisers can be held liable if they don't act in clients' 'sole interest' when it comes to retirement advice.
Firm's moves stem from error it made in voting on the 2013 buyout of Dell.
Deputy Assistant Secretary Timothy Hauser was scheduled to participate but abruptly backed out late last week, after the Insured Retirement Institute joined a lawsuit seeking to vacate the rule.
The National Association for Fixed Annuities levies similar arguments to the initial suit, filed just one day earlier.
Although the Labor Department doesn't have enforcement authority over IRAs, it does have interpretive authority, observers say.
