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Insurance groups opposed to DOL fiduciary rule step up campaign spending
The insurance and brokerage industries have shelled out many more dollars for congressional campaigns and lobbying than investment adviser organizations.
Investors poured $32 billion into bonds in March with Vanguard, BlackRock dominating
The inflow was the most since January 2013, thanks to the market's extreme volatility during 2016's start.
Adviser groups step up lobbying as DOL rule nears completion
Organizations opposed to the fiduciary rule invested more in Capitol Hill outreach efforts last year, trying to convince Congress to stop the measure.
Obama proposes curbs to retirement-savings tax incentives for wealthy, heirs
The measures, which affect 401(k) and IRA limits and beneficiary withdrawals, have been proposed in previous budgets to no avail, but still worry financial industry groups.
Adviser groups, financial firms keep cash flowing to congressional candidates
Organizations that dominate lobbying expenditures also donate the most to political campaigns. Leading the charge are NAIFA and the ICI, while TD Ameritrade contributed just $9,000.
Will mutual funds’ pay-to-play at brokerages go away?
Fund industry worries about fallout from results of SEC exam sweep on distribution fees.
DOL, industry spar over cost estimates for fiduciary rule
Perez defends White House study, while SIFMA and ICI attack it.
Democrats torn between Obama, financial industry on DOL fiduciary rule
Latest letter threatens to slow the rule-making process while time runs down on the current administration.
Broker groups step up political spending early in election cycle
Contributions from investment advisers, however, slow down.
Is the bull market making advisers and investors behave better?
Mutual fund investors get closer to capturing 100% of the returns of the funds they invest in, according to Morningstar.
Brokerage industry lobbying dollars dwarf investment advisers’
The brokerage industry's lobbying spending dwarfed advisers' in the first quarter, with the DOL fiduciary rule a primary focus.
Financial industry asks DOL for more time on fiduciary rule
Groups say they need an extra 45 days above the 75-day comment period to respond.
What Obama’s attempt to tax 529 plans says about the safety of Roth IRA assets
Changes could spark revolt, but 'when Congress needs dollars, they're going to get them,' one adviser says.
Who’s spending what on political candidates?
With Senate control at stake in tomorrow's election, interest groups representing the brokerage and insurance industries are spending substantially more than financial adviser groups, and are adding to their lead.
DOL fiduciary opponents point to UK experience to bolster their case
A ban on financial advisers' charging commissions in the United Kingdom has driven investors with small accounts out of the advice market, according to a mutual fund official in Europe, something that Department of Labor fiduciary opponents argue could happen here.
ICI pushes back on too-big-to-fail label for big fund firms
Breakfast with Benjamin: ICI resists 'Too Big to Fail' label for fund firms plus Crimea chooses Mother Russia and what that means for the markets. And guess what, the Fed is out of ammo, Pimco spins the Mohamed El-Erian departure while Mr. El-Erian opens a Twitter account.
Nobel Prize winner argues markets are efficient
The work that earned Eugene Fama the Nobel Prize in economics provided the intellectual foundation for index-tracking funds,…
Investors continue to prefer equity to bond funds, ICI data show
But fixed-income outflows slow to $2.09B for week ended Aug. 7
Mutual fund costs for 401(k) plans still dropping
Mutual fund costs continue to tumble for 401(k) plans, thanks in part to plan sponsors’ demands for cheaper…
Time to replace the three-legged-stool myth
It is time to retire the three-legged stool — the well-worn analogy for retirement security. Face it:…
