RIA News

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RETIREMENT PLANNING MAY 19, 2017
Use of multiple record keepers could hurt defendants in 403(b) lawsuits

In a potential indication of how judges will rule in the other university lawsuits, Emory and Duke will have to defend allegations that using multiple record keepers breaches their fiduciary duty.

By Greg Iacurci
REGULATION AND LEGISLATION MAY 19, 2017
Democratic senators criticize Acosta for rushing to conclusion on DOL fiduciary rule

Sens. Murray, Warren, Booker and interest groups say that the labor secretary has only met with opponents of the regulation.

By Mark Schoeff Jr.
RIA NEWS MAY 19, 2017
Graduation gift? How about opening a Roth IRA for your client's daughter?

Cash may still be king, but a number of financial advisers recommend giving something more creative.

By Bloomberg
RIA NEWS MAY 19, 2017
Is Dow Theory signaling a market downturn?

Strictly speaking, there's reason for concern, but not everyone is in agreement.

By John Waggoner
RIA NEWS MAY 18, 2017
Wells Fargo FiNet loses $275 million team to Raymond James

Five-person Holloway Harman & Associates is based in Kansas City, Mo.

By InvestmentNews
RETIREMENT PLANNING MAY 18, 2017
President Trump signs resolution killing state auto-IRA rule

Five states have vowed to forge ahead with plans to create retirement programs, but the president's actions may slow development in other states.

By Greg Iacurci
RETIREMENT PLANNING MAY 18, 2017
Rich retirees reluctant to spend cash

On average and adjusting for inflation, retirees are entering their 80s richer than they were in their 60s and 70s.

By Bloomberg
RETIREMENT PLANNING MAY 18, 2017
Would Trump's tax plan make your mortgage break worthless?

Only the wealthiest homeowners would benefit from itemizing.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 18, 2017
Indexed, variable annuity sales slump as DOL fiduciary rule looms

Uncertainty around the rule may be contributing to tentativeness from advisers and distributors.

By Greg Iacurci
REGULATION AND LEGISLATION MAY 18, 2017
DOL fiduciary rule opponents, lawmakers call for further delay at House hearing

Opponents cite new evidence of harm to small account holders

By Mark Schoeff Jr.
REGULATION AND LEGISLATION MAY 17, 2017
Finra set to invest more in examiner training, provide more clarity on enforcement choices

CEO Robert Cook responds to concerns he's hearing during listening tour, Finra360 initiative.

By Mark Schoeff Jr.
RIA NEWS MAY 17, 2017
D.A. Davidson advisers managing $177 million leave for Raymond James

Ken Robbins and two-person team join firm's employee unit in Los Angeles.

By InvestmentNews
RIA NEWS MAY 17, 2017
LPL leads a big quarter for broker-dealer moves

Two whopper transitions drive up the average team size to $269M AUM.

By Jeff Benjamin
EQUITIES MAY 17, 2017
Markets fall in reaction to Trump turmoil

Shares across Europe extended declines following new revelations about undisclosed contacts between Trump's campaign and the Kremlin.

By Bloomberg
WIREHOUSES MAY 17, 2017
Finra fines Merrill Lynch $650,000 for bond trading violations

Regulator censures firm for handling of customer orders for nonconvertible preferred securities

By InvestmentNews
RETIREMENT PLANNING MAY 17, 2017
401(k) managed account competition heats up as Fidelity expands reach

Fidelity, responding to demand for fiduciary services, will be competing with third-party providers such as Financial Engines and Morningstar for distribution.

By Greg Iacurci
RETIREMENT PLANNING MAY 16, 2017
Why rich retirees are so reluctant to spend their money

Even as retirees live longer, healthier lives, they've become more pessimistic about the economy, the stock market, and their own financial situation.

By Bloomberg
RETIREMENT PLANNING MAY 16, 2017
Courts' interpretations of 401(k) fiduciary laws are changing

The prudence requirement in being gauged based on the portfolio in aggregate but also on individual investment options.

By Bloomberg
Changing state residency: Tax planning headaches and opportunities
RIA NEWS MAY 16, 2017
Changing state residency: Tax planning headaches and opportunities

Residency rules can be very complicated, and states can be aggressive in taxing former residents.

By Tim Steffen
RIA NEWS MAY 16, 2017
Broker-dealers try to hold the line on advisory and wrap account fees

As the DOL fiduciary rule puts pressure on fees, B-Ds will have to make the case why their services justify what they are charging their clients.

By Bruce Kelly