Clients expect their advisers to use technology to make their lives easier
Shifting oversight of more RIAs from the SEC to states would increase exam coverage at less cost than establishing third-party reviewers, according to a new report. <i>(See also: <a href="//www.investmentnews.com/article/20131030/FREE/131039989"" target=""_blank"" rel="noopener noreferrer">After 'the switch' in 2012, state regulators pounced</a>)</i>
Higher-earning spouse wrongly believed she couldn't collect widow's benefit.
Her estate may contain very few assets: that's one sign of good planning.
Many have significant savings but don't know how to make it last
As Illinois pushes ahead with its automatic retirement savings account program, the Financial Services Institute argues the savings plans pose competition to advisers and will work to discourage other states from following suit.
Continued years of work in the private sector can ease the impact of benefit cuts on public workers.
Finra chief Richard Ketchum says industry groups like SIFMA are overlooking the investor protection benefit of Finra's controversial data-collection proposal.
Despite potentially lower costs and better outcomes for investors, broker-dealers are taking a cautious approach to a product that could slash their revenue.
In a preliminary decision, the Securities and Exchange Commission has rejected applications for nontransparent ETFs from BlackRock, Inc. and Precidian Investments, determining that the proposals are not in the public interest.
Up to $13.6 billion in fresh equity expected to flow from listings, mergers and special distributions.
SEC investor advocate Rick Fleming sees adviser oversight as a top priority, but says the SEC itself should continue to conduct adviser exams.
Specific returns clients earn on investments right around retirement disproportionately impact their lifetime outcomes.
In a two-part tradeoff, John Hancock will acquire New York Life's Retirement Plan Services business, and New York Life will take on a block of John Hancock's life insurance business. One deals bolsters John Hancock's retirement reach and the other the other New York Life's insurance reserves.
Most loan takers are in their 40s, earning $40,000 to $60,000 a year, report finds.
<b>Game Changers: Dealing with Dementia</b> Cognitive decline doesn't just rob the elderly of their mental capacity. Advisers and their firms often are left adrift, forced to make crucial decisions affecting the financial affairs of elderly clients.
Comes on heels of another $200,000 penalty last year for missing a stock-fraud scheme
The SEC is reviewing whether conflicts of interest led the firm to sell certain products to individual clients.
After learning lessons from Superstorm Sandy, firms are planning ahead with staff and clients, expecting days of potential power outages and working remotely.
Resist the temptation to increase risk for low savers, as every dollar becomes more important.
