Pitt, Cox and Schapiro agree that putting client interests first should be a priority.
In a proposal for financial reform released by her presidential campaign Thursday, the former secretary of state implicitly endorsed the Labor Department's proposal to increase standards for retirement advice.
A DOL official said the regulatory project around lifetime income projections has stalled due to a split in opinion.
<i>Breakfast with Benjamin</i>: Security guard/waiter/travel agent posing as a hedge fund manager has been convicted of stealing more than $800,000 from 17 investors.
Legion M offers hope for a Hollywood-level debut.
<i>Breakfast with Benjamin</i>: As robo-advisers flood the zone, investors (and human financial advisers) should continue to proceed with caution.
<i>Breakfast with Benjamin</i>: Instead of needing 80% of your pre-retirement income, you can probably make it with 60%.
Five years after Dodd-Frank, agency puts issue on official calendar, signaling the rule is a priority.
<i>Breakfast with Benjamin</i>: According to the COP21 conference in Paris this week, global warming is on a pace to eventually hurt the economy.
Finra says it is more interested in supervisory lapses, suitability issues with complex products and selling away than big-money fraud.
Too complex and cumbersome, provision would exclude investments such as alternatives from list of options.
<i>Breakfast with Benjamin:</i> SEC chairwoman Mary Jo White says the agency is taking a hard look at ETFs' role on Aug. 24, when stocks dropped like a rock, and the agency's trading rules are part of the scrutiny.
Percentage of women in Congress similar to their proportion in the advice sector, with plenty of room to grow
Senior$afe Act seems like a win-win for financial advisers and their elder clients.
Perez defends White House study, while SIFMA and ICI attack it.
Organization wants to strengthen its lobbying punch to counter the likes of NAIFA and others that oppose a clients' best interests rule.
<i>Breakfast with Benjamin</i>: The financial markets are likely to be swept up in the immediate unrest following Friday's terror attacks in Paris.
<i>Breakfast with Benjamin</i>: Nation's largest public pension fund trims its real estate holdings with a $3B sale.
