DOL sets date to propose new fiduciary rule
The regulation, expected in December, likely will be contoured to the SEC's new advice standards.
House passes SECURE retirement bill with massive bipartisan support
The measure allows small employers to band together to offer plans and raises the RMD age. Another provision eases use of annuities in 401(k)s, which critics say goes too far
SEC sets June 5 date for vote on Regulation Best Interest
Commission adds new item to agenda: Interpretation of broker guidance that qualifies as advice
LPL expanding platform to include employee brokers
The largest IBD in the country has agreed to buy a small broker-dealer in Florida to kick off the new effort.
Redtail CRM data breach exposes personal client data
The information exposed includes names, addresses, dates of birth and Social Security numbers.
Couple in Morgan Stanley advisory account wins $519,000 arb case over unsuitable investments
Plaintiff's lawyer says junk bonds, futures contracts and derivatives were inappropriate for his clients.
What keeps these executives up at night?
Real talk about real industry concerns.
Finra makes its list to target hundreds of rogue individuals
The regulator sees patterns in the behavior and disclosures of high-risk brokers.
Goldman Sachs acquires United Capital
After a personal payday of $75 million or more, CEO Joe Duran plans to join Goldman in a senior position.
Finra rogue broker rule would affect 61 firms
Additional obligations would be imposed on these firms such as requiring them to create reserve accounts to pay unpaid arbitration awards.
Capital Group, bastion of active management, rebounds to $1.9 trillion
American Funds sponsor still faces uncertain future as investors flock to low-cost, passive investing.
Cross-selling poised to be next 401(k) ‘battleground’ issue
Advisers selling wealth management or financial wellness services should be careful, according to experts.
Innovate or else: Advisers must leave the comfort zone before it’s too late
A roundtable of top advisers discusses what it will take to innovate in an industry that likes to maintain the status quo.
Goldman Sachs said to be near deal to buy United Capital
Goldman is paying $750 million for the RIA aggregator, according to one source.
Finra arbitrators award Stanford victims $1.4 million, rule against Pershing
Claimants alleged custodian aided and abetted Ponzi scheme.
Reverence Capital Partners buys Advisor Group
The B-D network produced $1.7 billion in total revenue last year.
SEC commissioner Hester Peirce says Reg BI is stronger than fiduciary duty
And SEC chairman Jay Clayton tells senators his agency aims to preserve adviser, broker competition while bringing standards closer.
States approving bigger rate increases for long-term care policies
Some are signing off on premium increases in the 200%-300% range, one executive said.
Conflicting tax information creates ‘nightmares’ for some investors
Brokerage tax statements don't always reflect all of an investor's accounts or original costs.
Don’t let these four data myths hold you back
Inconsistent data can erode trust among clients, while high-quality data can help advisers maximize business opportunities.
