B-Ds and other annuity distributors are asking insurers for product specifications with an eye toward compliance with the new regulation.
“This will seriously impact inheritances for many middle- and lower-income Americans,” said one adviser. <b><i>(More: <a href="//www.investmentnews.com/article/20160922/FREE/160929969/republican-lawmakers-attempt-to-stop-estate-tax-regulation" target=""_blank"" rel="noopener">Republican lawmakers attempt to stop estate-tax regulation</a>)</i></b>
Finra has been unable to find a way to ensure investors get paid what they are owed.
The deal in Westport, Conn., builds on the RIA's presence in New England.
The firm is on the verge of buying Foothill Securities, an adviser-owned firm with 220 registered reps under its roof, according to two industry sources.
Filing late used to be difficult and costly to correct, but new rule alleviates a lot of the pain.
Health-care costs are “the great unknown of retirement” for many advisers.
The Invest in Others Charitable Foundation and <i>InvestmentNews</i> have recognized the philanthropic efforts of 15 advisers and 10 financial firms.
Plus: Trump would dump Yellen, bracing for the next housing bubble, and 401(k) realities that should not be ignored
Purchase of Wall Street Financial Group is the firm's ninth and second in as many months.
Plus: The dirt on negative bond yields, long-term investing in a short-term world, and switching banks
The DOL fiduciary rule and competition from robo-advisers will continue to result in pricing pressure.
Creating after-tax wealth &mdash; what really matters for taxable investors &mdash; will require more diligence than ever.
Management will be rewarded for beating the S&P 500, a first for the growing industry.
The eleventh sector of the index alters the dynamics of the financial sector.
The new sector has 28 issues with a market value of about $605 billion.
What's good for flash traders might not be good for you.
Plus: The SEC's Leon Cooperman file, clawing back Wells Fargo cash, and saving money is hard for everyone
The retirement industry has increasingly called for open MEPs as a way to close the coverage gap in the private sector, and recent congressional moves make them a strong likelihood.
Plus: DOL rule drives some advisers out of the business, a speculative bet on gold, and don't put this on your resume
