National Holdings Corp. said it reached an agreement to be acquired by Fortress, a biopharmaceutical company.
Supporters of 529 plans want tweaks to law that caps fund changes at two per year, which could spur adviser interest in managing them.
States get additional guidance on how to administer 529 ABLE plans.
The larger trend toward passive investing, as well as cost-consciousness on the part of plan sponsors and general industry push to lower expense ratios, are at play.
The wealth manager overbilled for investments in REITs and BDCs
These alternatives to traditional living arrangements can help satisfy older Americans' requirements for affordable and accessible living spaces.
But they're remarkably short on what to buy.
First off, advisers should tell them that adding international stocks can dampen a portfolio's volatility, and increase the number of potential winners.
The fund giant wouldn't say if regulatory pressure compelled it to impose the practice.
Here are some of the most critical and potentially damaging misconceptions held by compliance professionals.
Many advisory firms are playing with fire by failing to report to regulators cybersecurity breaches, both big and small, experts say.
<i>Breakfast with Benjamin</i> Something amiss when safe-haven investments move into bubble territory. The utilities sector is up 21% so far this year.
<i>Breakfast with Benjamin</i> Jeffrey Gundlach is embracing the safe haven of gold: "Things are shaky and feeling dangerous."
Wall Street is scrambling for a narrative to explain why Britain decided to leave the European Union.
The fallout from Britain's shocking vote could last at least two years. Meanwhile, advisers told their clients to <a href="http://www.investmentnews.com/article/20160624/FREE/160629940/financial-advisers-reach-out-to-clients-as-stocks-plunge-in-brexit">keep calm and carry on</a> as stock markets tumbled, creating a buying opportunity.
Weighing the pros and cons of the new registered fund
How can those suing to quash the DOL rule, like SIFMA CEO Ken Bentsen Jr., claim to also support its premise?
Another item of interest to financial advisers, third-party exams, is also on the docket for next spring.
CEO Ron Kruszewski says margins were lower in the wealth management group because of its recent acquisition's independent advisers.
Almost 30% of small-business plans don't offer any sort of employer contribution.
