Morningstar improving bond fund data reporting
The change could impact how advisers construct fixed-income portfolios for clients.
No CEO and no plan in sight for Wells Fargo
The next chief executive faces a daunting challenge, with more than a dozen investigations targeting the bank.
House committee unanimously approves sweeping retirement bill
Measure would help small businesses offer plans, require that statements include lifetime-income projections, ease use of annuities in plans and increase the RMD age.
Schwab moving to subscription fees could be watershed moment for advice industry
A $30-a-month charge for advice by one of the industry's giants could upend the advisory business.
Wells Fargo CEO Tim Sloan steps down
Allen Parker, the bank's general counsel, will serve as interim CEO.
Bronfman Rothschild acquisition creates $10 billion RIA
NFP Corp. is buying Bronfman Rothschild to combine with Sontag Advisory
Clayton says disclosure sufficiently mitigates some conflicts under Reg BI
SEC chairman says guiding principle should be: 'What would a reasonable investor expect?'
Voya Financial Advisors exposes more sensitive adviser information on its website
List of top advisers at the firm comes after Social Security numbers were put at risk.
Brian Block continues his legal fight to stay out of prison
A judge denied Mr. Block's motion for a new trial, but he wants another day in court.
Wells Fargo could be putting more of its focus on wealth management
Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice.
Blucora to buy another broker-dealer with tax-focused advisers
Blucora is paying $180 million in stock for 1st Global, with 850 advisers.
Choosing between a retroactive lump sum and a bigger monthly Social Security benefit
Some retirees can receive up to six months of back benefits.
Principal-Wells Fargo retirement deal would be among largest ever
Acquisition would be in line with trend of record keepers seeking to gain scale to combat fee reduction.
Finra panel dismisses $100 million case involving drop in Merrill Lynch stock
Former brokers bringing charges related to stock losses during financial crisis have had 15 cases proceed, 4 stopped so far.
ESG options scarce in 401(k) plans
There's growing interest among plan participants, but reluctance to add funds that take into account environmental, social and governance factors persists.
Genworth move could signal big shift in distribution of long-term-care insurance
Insurers may turn to direct-to-consumer sales only, bypassing brokers and insurance agents.
Ameriprise getting ready to launch its bank
Firm's advisers will soon have access to lending products such as mortgages.
Envestnet acquires MoneyGuide for $500 million
Deal will allow Envestnet to deepen integrations between MoneyGuide and its other wealth management solutions.
Advisers see college admissions scandal as tip of the iceberg
Parents' conduct is described as 'disgusting' but not surprising given the current state of higher education.
Wells Fargo CEO Tim Sloan draws bipartisan criticism at tough House hearing
Republicans and Democrats grill Tim Sloan for more than four hours.
