Advocates of federal direct loans are worried that privatization could mean the end of student loans as a broad entitlement.
The advisory world is moving toward a fiduciary standard with or without the DOL rule, financial technology firms contend.
Largely ignored now, changes could make MEPs popular among retirement plan advisers.
Plus, the strategy can help reduce required minimum distributions and cut taxes.
Advisers will get loans to help cover earnings shortfall following firm's decision to ban commissions. <b><i>(More: <a href="http://www.investmentnews.com/article/20161101/FREE/161109984/bank-of-america-merrill-lynch-tells-advisers-to-stop-selling-mutual" target="_blank">Merrill tells advisers to stop selling mutual funds in brokerage IRAs</a>)</i></b>
Financial advisers are telling clients to make these moves before the end of 2016.
But chief regulator will continue to carry out current agenda until she steps down when Obama leaves office.
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. <b><i>(More: <a href="//www.investmentnews.com/article/20160524/FREE/160529970/sigfig-raises-40-million-in-funding-led-by-eaton-vance-asserting"" target=""_blank"" rel="noopener noreferrer">SigFig raises $40 million in funding led by Eaton Vance</a>)</b></i>
Allegations in the lawsuit largely resemble those of a separate one filed in August this year.
Two sets of benefits exist for ex-spouses depending on their birth dates.
By picking up 883 Transamerica advisers and $25 billion in client assets, its Signator Investors B-D now has the scale to compete profitably in era of increased regulation and rising costs.
Edmond Walters, the founder and former CEO of eMoney Advisor, brings a background in technology to the broker-dealer network.
The transition will be completed by the time the Department of Labor fiduciary rule takes effect.
Paul Atkins, chief executive of compliance consultant Patomak Global Partners and a former SEC commissioner, could select from among his coworkers or even recommend himself.
Digital-advice firms tell the Securities and Exchange Commission they put clients' interests first and that some regulatory updates are needed as digitization of the industry grows.
Regulator claims Securities America Advisors and Triad Advisors "acted inconsistently with their fiduciary duties."
Paul Lebel, an LPL broker from 2008 to 2014, defrauded four customers by churning several of their accounts, according to the SEC.
Finra has permanently barred a former broker who was terminated by his former employer, Stifel, Nicolaus & Co., for making unauthorized payments to clients.
Advantage Financial Group and Private Advisor Group take advantage of a policy change to join the organization that represents independent broker-dealers.
