The insurance and brokerage industries have shelled out many more dollars for congressional campaigns and lobbying than investment adviser organizations.
The rule opens the door to future customer litigation and opportunity for regulators to impose sanctions or fines on smaller broker-dealers.
Beleaguered fund fights to find footing after ill-fated Valeant Pharma bet.
They hold twice as much cash as boomers and only 29% are happy with their portfolios
The firm's CEO sees opportunities in the looming disruption. <b><i>(Fiduciary Focus: <a href="//www.investmentnews.com/section/fiduciary-focus"" target=""_blank"" rel="noopener noreferrer">Follow the latest news and developments on the DOL rule change</a>)</i></b>
A $2 billion payment is due July 1 and funds still have big chunks of the bonds in their portfolios.
Helping your clients think through the timing of Medicare coverage can be very beneficial, especially considering the significant impact health care costs have on retirement income
CEO James Gorman says DOL's fiduciary rule isn't "the be-all and end-all" for the bank's brokerage business.
Most economists agree that inflation is unusually low, and probably will stay that way for some time to come.
100 teens to give financial planning a shot this summer in new Schwab, Texas Tech program, which aims to introduce students to the profession earlier.
Inherent to acting in a client's best interest is ensuring costs are reasonable, an ERISA concept brokers need to understand.
Fixed indexed annuities lost a favorable exemption they enjoyed under the proposed rule, and the impact on variable annuities likely won't be much changed from original forecasts.
Nine accused of helping push 'worthless' LED company stock
"Trump is extremely comfortable with debt," Mr. Gundlach told attendees at the annual Sohn conference.
Edgy finance blog goes from anonymity to over sharing in blink of an eye; and the adviser community weighs in on the public food fight.
The move is another sign that the days of high-cost funds are numbered, and that the Department of Labor's new rule is speeding that decline.
The rule is likely to unleash a wave of software upgrades and business relationships that will result in greater efficiencies for advisory firms.
RCS Capital Corp. said it planned to file for bankruptcy by the end of the month. The current chief executive of RCAP, Larry Roth, will remain the CEO of the new Cetera.
But without enough votes to overturn a threatened presidential veto, assistant secretary of Labor Phyllis Borzi calls the action 'the usual Washington Kabuki theater.'
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
