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LPL Retirement Partners hires new chief
RETIREMENT PLANNING OCT 08, 2018
LPL Retirement Partners hires new chief

Appointment of Bryan Hodgens is second shake-up in a year at the retirement unit.

By Greg Iacurci
More older women in America working past age 55
RETIREMENT PLANNING OCT 08, 2018
More older women in America working past age 55

AARP study finds that Americans are split on why they continue to work.

By Bloomberg
Tim Sloan hasn't turned around Wells Fargo
WIREHOUSES OCT 08, 2018
Tim Sloan hasn't turned around Wells Fargo

Loans and deposits at Wells are down. Earnings, too, are expected to fall.

By Stephen Gandel
Finra bars ex-Morgan Stanley broker Kevin Smith
WIREHOUSES OCT 08, 2018
Finra bars ex-Morgan Stanley broker Kevin Smith

Fired in 2016, Kevin Smith was barred Monday for not providing testimony in investigation.

By Bruce Kelly
Cetera Financial Group selling stock to its advisers
BROKER DEALERS OCT 05, 2018
Cetera Financial Group selling stock to its advisers

New stock and business loan plans are part of a broader outreach to 8,000 advisers.

By Bruce Kelly
The Trump family used this strategy to save on taxes
RETIREMENT PLANNING OCT 05, 2018
The Trump family used this strategy to save on taxes

A type of trust known as a GRAT reportedly helped the Trumps save hundreds of millions of dollars in gift and estate taxes

By Greg Iacurci
New NASAA president Michael Pieciak puts cybersecurity at top of agenda
REGULATION AND LEGISLATION OCT 05, 2018
New NASAA president Michael Pieciak puts cybersecurity at top of agenda

State regulators release request for comment on model cyber rule

By Mark Schoeff Jr.
Super-rich are piling up wealth in black-box charities
RETIREMENT PLANNING OCT 04, 2018
Super-rich are piling up wealth in black-box charities

Money flowing into donor-advised funds far outstrips grants being made from the funds.

By Bloomberg
How Ohio National's move may lead to 'unscrupulous' broker behavior with annuities
RIAS OCT 04, 2018
How Ohio National's move may lead to 'unscrupulous' broker behavior with annuities

If other insurers also start to terminate VA trail commissions, brokers might opt to take upfront sales commissions instead and start churning their clients' annuities.

By Greg Iacurci
A guide to Medicare open enrollment
RETIREMENT PLANNING OCT 04, 2018
A guide to Medicare open enrollment

Medicare enrollees should review their drug coverage and Advantage plans for 2019.

By Mary Beth Franklin
Transamerica pays $195 million to settle lawsuit over universal life insurance
LIFE INSURANCE AND ANNUITIES OCT 04, 2018
Transamerica pays $195 million to settle lawsuit over universal life insurance

Suit alleged the insurer improperly increased monthly costs to avoid guaranteed monthly interest payments.

By Ryan W. Neal
FPA welcomes conference attendees with #MeToo notice
RIAS OCT 04, 2018
FPA welcomes conference attendees with #MeToo notice

Annual meeting includes new harassment policy aimed at avoiding uncomfortable situations.

By Jeff Benjamin
Discrimination claim filed by ex-Morgan Stanley rep sent to arbitration
WIREHOUSES OCT 04, 2018
Discrimination claim filed by ex-Morgan Stanley rep sent to arbitration

Judge rules that John Lockette was bound by a company policy requiring employees to arbitrate all claims.

By Bruce Kelly
Unregistered South Carolina adviser get 6 years in prison for fraud
RIAS OCT 04, 2018
Unregistered South Carolina adviser get 6 years in prison for fraud

Melvin Wimmer was also ordered to pay more than $3 million in restitution to clients.

By Bruce Kelly
PIABA: Finra proposal to ease oversight of brokers' outside activities would spur selling away
REGULATION AND LEGISLATION OCT 04, 2018
PIABA: Finra proposal to ease oversight of brokers' outside activities would spur selling away

Arbitration lawyers assert changes would create regulatory 'black hole.'

By Mark Schoeff Jr.
Marie Chandoha, head of Charles Schwab Investment Management, to retire
INDUSTRY NEWS OCT 04, 2018
Marie Chandoha, head of Charles Schwab Investment Management, to retire

She is being replaced by Jonathan de St. Paer, currently a senior executive at the group.

By Bruce Kelly
Why You Needed a Continuity Plan Yesterday
OPINION OCT 04, 2018
Why You Needed a Continuity Plan Yesterday

With many people depending on a practice to continue operating in an advisor's absence, it's vital to have a detailed continuity plan. Learn how to get started on yours today.

By Roger Verboon
Mary Beth Franklin: Slowing drug costs temper health care inflation
RETIREMENT PLANNING OCT 03, 2018
Mary Beth Franklin: Slowing drug costs temper health care inflation

But medical expenses will consume a growing portion of retirement budgets.

By Mary Beth Franklin
Super-rich are piling up wealth in black-box charities
TAX OCT 03, 2018
Super-rich are piling up wealth in black-box charities

Money flowing into donor-advised funds far outstrips grants being made from the funds.

By Bloomberg
LPL recruits $220 million Missouri team from Waddell & Reed
INDUSTRY NEWS OCT 03, 2018
LPL recruits $220 million Missouri team from Waddell & Reed

BMG Advisors has served clients in Kansas City for 35 years.

By Bloomberg