The fund giant estimates the cuts save investors $18.9 million, based on fiscal-year comparisons.
The regulator says the firm failed to review more than 100 accounts for junk-bond concentrations.
The case alleges fiduciary breaches based on the existence of cheaper investment options on the market than those used in the plan.
The Government Accountability Office's report analyzed 69 SEC reviews of Finra since fiscal 2018.
Breaking out of your brand’s usual programming helps break through the attention barriers of customers and prospects.
One of the lead plaintiffs in the class-action case appears to be the company’s former regional vice president of retirement sales.
Brett Moore will work in the firm’s Beverly Hills, California, office.
Making sustainable investing a part of firms' investment advice and portfolio management processes requires the appropriate tools.
Pacific Edge Advisors constitutes a hometown acquisition for Beacon Pointe.
A judge denied Gwen Campbell's request to temporarily bar fellow bankers at JPMorgan from soliciting business from clients she brought with her from BofA, clients who reportedly include former New York Yankees star Alex Rodriguez.
The asset manager is lowering fees on 47 mutual funds and three ETFs, which it says amounts to a 13% reduction on an asset-weighted basis.
CIOs from the leading DC record keepers, aggregators and broker-dealers discussed their greatest opportunities and challenges.
The agency says the firm distributed unregistered shares unlawfully and failed to file suspicious activity reports.
There's good and bad news on the horizon, including the biggest annual cost-of-living increase in 40 years, but also an offsetting rise in Medicare premiums.
The central bank also said it will double the pace at which it's scaling back purchases of Treasuries and mortgage-backed securities, putting the program on track to conclude in early 2022 rather than at midyear.
A bug earlier this year let plan sponsor clients view outside participants' data, and one man claims he and others suffered consequences.
Five years after competitor Fidelity launched its no-transaction-fee platform for institutional shares, Schwab is following suit in a similar deal with T. Rowe Price.
Burnt out by the grind of running a small business, many firm principals are merging with other firms and creating national brands.
As the pandemic and possible tax law changes lead more Americans to think about their estate plans, advisers should take the opportunity to discuss estate planning and trusts with their clients.
Lamont Financial Group operates from two bank offices in Mason City and Clear Lake, Iowa.
