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RIAs have been slow to prepare for the DOL fiduciary rule
Many believe it is aimed at broker-dealers, but they could be in for a rude awakening
Senate Democrats control fate of DOL fiduciary rule
The left side of the aisle is likely to hold together well enough to ensure the rule is modified rather than taken off the books.
Broker-dealers split on commissions in wake of DOL fiduciary rule
Morgan Stanley, Ameriprise Financial, Raymond James and others are finally showing their cards.
Trump’s policies could be tough on emerging markets — and ignite a trade war with China
Strategists at Matthews Asia believe turbulent times could be ahead.
Pimco settles with SEC for nearly $20 million
Regulator said fund company misled investors about the performance of its actively managed Total Return ETF.
What Phyllis Borzi has to say about the DOL rule now
The architect of the Department of Labor fiduciary regulation claims it is already paying dividends by lowering costs for investors — and isn't going away.
Why it would be a mistake for advisers to stop implementing the DOL fiduciary rule
Given the political, procedural and business dynamics at play, it would be imprudent to cease or even slow down compliance efforts.
NAFA seeks stay of DOL fiduciary rule during appeals process
The insurance industry group wants the April 10 applicability date of the rule extended while it pushes the case up the court chain.
Will product pricing pressures carry over to advisory fees?
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray — so far.
Elizabeth Warren questions whether Wells Fargo brokerage unit ensnared in bank’s sales scandal
The Massachusetts lawmaker and two other Democrats asked whether the bank filed inaccurate reports on terminated employees to Finra.
IBDs overwhelmingly say Trump should revoke fiduciary rule: survey
Nearly 90% of respondents to a Financial Services Institute survey indicate their support for repeal.
Technology at the core of reinvention
Advisory firm hunts down a cloud-based system to make compliance more automated.
Advisers plan to spend more for compliance and tech in 2017
Many adviser marketing budgets also set to increase, with social media the focus.
Can Donald Trump breathe life into actively managed funds?
If the president-elect rolls back the DOL fiduciary rule and spends trillions on infrastructure, old-style fund companies might make a comeback
Kansas judge denies effort to block DOL fiduciary rule
Decision comes a little more than two weeks after a DC district judge also denied a preliminary injunction by an insurance group.
Reversal on IRA-commission stance unlikely for Merrill if DOL fiduciary rule repealed
The wirehouse's public fanfare about ditching IRA commissions under new fiduciary regulation would be a large factor in deciding to stay the course.
Massachusetts regulator William Galvin charges broker with high-pressure sales tactics that harmed elderly
One customer with stage 4 cancer allegedly had nearly all her assets placed in a variable annuity.
Finra fines eight broker-dealers $6.2 million for selling customers unsuitable variable annuity products
In addition, Voya Financial and four Cetera Group firms will pay customers $6.3 million in restitution.
Morgan Stanley to keep commission-based IRA business despite DOL rule in contrast to Merrill Lynch
Morgan Stanley clients may also choose individual retirement accounts that are fee-based.
Don’t hold your breath on DOL fiduciary rule repeal
Congressional Republicans have been urging President-elect Donald Trump to scrap the Department of Labor’s…
