Regulator said fund company misled investors about the performance of its actively managed Total Return ETF.
Small-cap value funds have soared 21.37% this year, vs. 2.66% for large-company growth funds, one of the largest disparities between U.S. diversified stock funds in recent memory.
The architect of the Department of Labor fiduciary regulation claims it is already paying dividends by lowering costs for investors — and isn't going away.
The practice boosts employees' savings rates, but it may also increase their consumer debt, according to new research.
Given the political, procedural and business dynamics at play, it would be imprudent to cease or even slow down compliance efforts.
The convergence of technology, regulatory scrutiny and shifting demographics are compelling our industry to rethink the way advisers charge for their services.
President-elect's soft stance on regulation seen as a plus for LPL, Raymond James, Bank of America Merrill Lynch, Morgan Stanley and others.
Firm executives would not comment during its earnings call on a report that emerged last month that it was exploring a sale.
Investment bank called in to evaluate what LPL considered a low-ball offer, sources said. (Related read: <a href=""" target="”blank"" rel="noopener noreferrer">LPL Financial's problems keep piling up</a>)
Investing through offshore channels protects investors from legal efforts to clawback gains.
The insurance industry group wants the April 10 applicability date of the rule extended while it pushes the case up the court chain.
But without pensions, boomers won't have a choice.
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray &mdash; so far.
Founders of The Filla Latzke Group pull stakes
Clients want help beyond classic investment services.
Wirehouse says Sandy Galuppo, who reportedly had $1.4 billion in client assets, had lost management's confidence.
Nearly 90% of respondents to a Financial Services Institute survey indicate their support for repeal.
But without pensions, boomers won't have a choice.
Decision comes a little more than two weeks after a DC district judge also denied a preliminary injunction by an insurance group.
