Greg was a reporter for InvestmentNews from 2015 to 2019, covering defined-contribution plans, retirement planning, insurance, taxes and estate planning, before then moving to CNBC as a Personal Finance Reporter. He tweets at: @GregIacurci
GRP, an LPL super-OSJ, would represent the latest in a flurry of acquisitions for Hub.
Group confirms it won't dissolve local chapters, and will begin transition with two-year beta test.
Given the thin margins in the retirement business, firm says it was justified in cutting deals with money managers to boost profits.
Current rules punish all the employers in a multiple employer plan for a mistake made by just one
The broker, James Thomas Booth, joined LPL as a result of the firm's NPH acquisition.
LPL broker Lance Browning alleges the insurer acted unlawfully last year when it terminated certain trail commissions.
Fee-only advisers who want to sell clients life insurance without a commission have few options available.
Firms are able to inflate projections of cash accumulation in IUL policies via bonuses and multipliers.
The move is a big deal for RIAs, experts say, since TIAA was one of only a few insurers to offer fee-only life policies.
The settlement is notable due to the relatively small size of the company's plan.
