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Department of Labor’s lifetime income illustrations at a ‘crossroads’
A DOL official said the regulatory project around lifetime income projections has stalled due to a split in opinion.
Manager of a fake hedge fund faces real prison time
Breakfast with Benjamin: Security guard/waiter/travel agent posing as a hedge fund manager has been convicted of stealing more than $800,000 from 17 investors.
Advisers take heed: Investment crowdfunding coming soon to a client near you
Legion M offers hope for a Hollywood-level debut.
As robo-advice spreads, so should the caution warnings
Breakfast with Benjamin: As robo-advisers flood the zone, investors (and human financial advisers) should continue to proceed with caution.
A more reachable retirement savings target: 60% of pre-retirement income
Breakfast with Benjamin: Instead of needing 80% of your pre-retirement income, you can probably make it with 60%.
SEC’s fiduciary standard expected in October 2016
Five years after Dodd-Frank, agency puts issue on official calendar, signaling the rule is a priority.
The economic impact of global warming is heating up
Breakfast with Benjamin: According to the COP21 conference in Paris this week, global warming is on a pace to eventually hurt the economy.
Finra official says agency there to discipline, not punish
Finra says it is more interested in supervisory lapses, suitability issues with complex products and selling away than big-money fraud.
DOL’s fiduciary exemption is not a workable option for advisers
Too complex and cumbersome, provision would exclude investments such as alternatives from list of options.
SEC taking deep dive into role of ETFs in Aug. 24 market drop
Breakfast with Benjamin: SEC chairwoman Mary Jo White says the agency is taking a hard look at ETFs' role on Aug. 24, when stocks dropped like a rock, and the agency's trading rules are part of the scrutiny.
Women lawmakers play an outsized role in policymaking that affects advisers
Percentage of women in Congress similar to their proportion in the advice sector, with plenty of room to grow
Time for Congress to act on elder abuse
Senior$afe Act seems like a win-win for financial advisers and their elder clients.
Finra’s Susan Axelrod: Finding a job you love is what matters
My professional life started on Wall Street — a male-dominated environment that has evolved a lot over the…
Nicholas Schorsch’s RCAP gets scorched on multiple fronts
Less than two years ago, Nicholas Schorsch compared RCS Capital Corp., the brokerage holding company he founded, to…
DOL, industry spar over cost estimates for fiduciary rule
Perez defends White House study, while SIFMA and ICI attack it.
NAPFA leader claims ‘moral high ground’ in fiduciary fight
Organization wants to strengthen its lobbying punch to counter the likes of NAIFA and others that oppose a clients' best interests rule.
Financial markets brace for fallout from the Paris terror attacks
Breakfast with Benjamin: The financial markets are likely to be swept up in the immediate unrest following Friday's terror attacks in Paris.
Calpers makes another move away from pricey investments by trimming real estate exposure
Breakfast with Benjamin: Nation's largest public pension fund trims its real estate holdings with a $3B sale.
Wake-up call for RIAs: It’s time to fix exams before it’s too late
Fix the exam frequency issue before investors are harmed, the reputation of the RIA industry is tarnished and Washington imposes a solution not of our choosing
DOL fiduciary rule could hurt nontraded REIT sales: LPL’s Casady
LPL CEO Casady says that as written, rule would bar sales of certain alternative investments in brokerage retirement accounts. (See also: Democratic senators split from White House on DOL fiduciary rule)
