The measure, effective July 1, requires advisers to disclose any "profit or commission" they receive and make a "diligent inquiry" about a client's financial condition and goals.
Active managers are struggling in the face of the index-fund craze, fee compression and TDF dominance.
Some of the funds with the biggest shares in Whole Foods as a percentage of assets aren't household names.
Mr. Lew, who served under the Obama administration from 2013 through the start of 2017, acknowledged the rule has "unintended consequences."
Five veteran advisers form Socratic Wealth Advisors in Raleigh, N.C.
The plaintiff claims roughly 95% of investment options offered in the plan since 2011 were "unduly expensive" proprietary funds that led to less retirement savings for participants.
Finding the "right" amount depends on your other holdings, your appetite for risk and how close you are to retirement.
Nearly 2,300 suspected senior-fraud/exploitation cases reported by 61 firms in study.
Many advisers are embracing an exemption they've frequently derided, even though a less-contentious one is available for annuity sales.
More than a dozen retirement experts weigh in with their advice.
Allocating a portion of savings in the right accounts can help manage costs.
The National Association of Insurance Commissioners is taking a fresh look at the suitability standard for annuities and considering making it a best-interests standard.
After nine years heading the advisory firm, David Barton is out.
The RIA was previously affiliated with Kestra Investment Services.
The move requires careful consideration, detailed planning, and a structured, strategic approach that leaves nothing to chance.
Some advisory firms are using 81-100 trusts as a way to deliver scalable fiduciary investment services to the small 401(k) market.
The move is part of an enhanced digital approach the firm plans to roll out in stages over the next several months.
Clients in need of reassurance, according to a survey of financial advisers who custody assets with Charles Schwab.
