Risk modeler estimates up to $90 billion in losses
Revised tally covers a longer period, going back to 2009
Declining fees and record keepers pose strong headwinds, while plan design and participant engagement could be boons for business.
The regulator said the Reno adviser's marketing materials misrepresented returns.
If the best-interest contract remains in some form, action could switch to state courts; Finra still allows class actions.
High rates of employee turnover and inefficient administration by an employer should give advisers pause before implementing the plan-design feature.
Individuals and firms are donating time and money to help storm victims
August payrolls may have grown by as much as 200,000
Plaintiff says automated investment advice program is a 'predatory racketeering enterprise'
Monetary policies and cryptocurrencies have eroded its traditional function
With demand limited, most advisers outsource it to lawyers and accountants, but some see value in adding it to their menu of services.
Labor Department says it also needs more time to look at any 'undue burden' the rule may cause.
Survey finds top concerns are reducing plan expenses and managing fiduciary responsibilities.
Summit Financial ends 17-year relationship with Lincoln Financial.
The tax agency provided similar relief to victims of Sandy in 2012.
Urges Congress not to miss "once-in-a-generation opportunity."
Platform designed to serve its members' next-generation clients will incorporate robo-advice and socially responsible investing options.
Scottsdale, Ariz., duo affiliates with LPL and Stratos Wealth Partners.
Finra says Jaime Rodriguez bought two apartments with $200,000 from blind, elderly customer.
