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401(k) plan participants sue Home Depot over alleged fiduciary breaches
Lawsuit also names Financial Engines and Alight, both providers of financial advice to the plan.
Retirement outlook for millennials
They're highly educated and drowning in debt, but have decades to get on track.
Insurers still grappling with costly variable-annuity promises
AXA Equitable and Ohio National have recently tried switching consumers out of VAs with rich benefits through buyouts and exchanges.
SEC to meet to consider advice-standards proposal
Regulator to meet April 18 to consider three-part plan that includes disclosure document, broker standard, adviser-standard interpretation.
Guaranteed income tops boomers’ retirement wish list
Those who work with an adviser are most likely to buy an annuity.
Finra bars former rep for not providing requested information
Regulator was investigating Kevin Lee's possible undisclosed business activities.
Fidelity changing the way it charges for financial advice
Firm is moving to fees based on the amount of each customer's assets.
Sneak peek at new SEC advice standard sparks hope, concern
Investor advocates and industry representatives are both hopeful and concerned after studying overview of proposal slated for release on April 18.
LPL loses $1.8 billion retirement group
Ingham Retirement Group, which works primarily with employer-sponsored plans, left because the firm's brokerage business had been declining.
Insurers’ 401(k) record keepers gain big share in small, midsize markets
Consolidation, unbundled platforms and the use of proprietary funds play a role, according to retirement plan advisers.
Earnings season only pouring ‘fuel on fire’ for stocks
Upcoming reports on companies' profits may fail to fulfill high expectations.
Are 401(k) advisers the next DOL targets?
Large regional firms and their specialist advisers seem to be in the regulator's cross hairs.
Finra bars no-show former Janney broker
Customers alleged Scott W. Palmer made unsuitable energy stock recommendations.
Finra fines Park Avenue Securities $300,000 over variable annuity sales
Also censures firm, which agrees to review its supervision practices.
Woodbury acquires Capital One’s $10 billion adviser business
The sale is part of Capital One's exit from some financial services businesses.
Woodbury latest firm to expand by adding bank brokers
Acquisition of Capital One's advisers represents growing trend among independent broker dealers.
Michigan $120 million indie switches to Securities America
Morrison Nordmann, based in East Lansing, changes broker-dealer affiliation.
Finra bars former OneAmerica broker for stealing customer’s money
Domingo Gonzalez deposited client check into his bank account and spent it.
UBS, broker to pay $805,000 in Finra award
Arbitration award of $805,000 just the latest in a series of payments Michael James Keane had to pony up to settle customer complaints.
‘Best interests’ and ‘fiduciary’ aren’t the same, so which will the SEC choose?
It could become a flash point that goes beyond semantics.
