Meanwhile, the industry's biggest threat, ETFs, are chugging along offering a single-version product to all investors.
Here are some ramifications the new rule may have on adviser movement in the industry.
Plus: Advisers speak out on DOL rule, the inflows continue for equity ETFs, and big banks strive to look small to regulators
People and companies giving advice on 401(k) and individual retirement accounts will be held to a tougher clients-come-first standard following a new rule issued by the Department of Labor this week.
Companies are offering freebies and discounts celebrating the end of the annual filing ordeal. Here's a roundup of what's available.
Legg Mason investor survey shows tremendous pressure on stock performance, a need for safer income-generating investments.
Managing clients' employer-provided retirement plans increases revenue today and enhances your position on 401(k) rollovers tomorrow.
Plus: Bad news from the Bacon Cheeseburger Index, CFOs are feeling down, and getting a better cell phone plan.
Uniformity, pressured large institutions are just two of the possible outcomes for automated investing services.
If the firm's executives expected trainees to work long hours without being compensated for their overtime, then they deserved to lose the lawsuit.
Answering questions for free has long lasting impact, helps marketing efforts.
Fee transparency can help boost retention and open pathways to increased referrals.
Robo-advisers might have more reasons to be worried about the next bear market than investors do.
More and more, banks are picking up digital wealth management tools for its customers.
The mutual fund, which allocates money to hedge fund managers, will be liquidated by May 31, after the fund had fallen 4.1% this year.
The rule is described as 'workable' and a political success, though implementation remains the biggest challenge ahead.
Plus: The downside of $15 minimum wage, testing your finance knowledge against NFL players, and keeping ID thieves in check
While many investment advisers and their organizations praise the rule, some who formerly advocated for it believe the final version doesn't go far enough to protect investors.
InvestmentNews' regulatory reporter Mark Schoeff Jr. discusses details of the new rule and the industry's early reaction.
