Displaying 2261 results
Broker recruitment bonuses on DOL’s radar
Agency concerned about brokers who sell out client positions at old firm to generate commissions at new firm. (More: The fiduciary rule covered from every angle)
Cease-fire by DOL fiduciary rule opponents may not last long
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
Regulatory changes abroad hint at the DOL fiduciary rule’s potential impact
U.K., Australia both passed fiduciary rules, though their versions weren't limited to retirement advice. How have they fared, and what can U.S. advisers learn from them? (More: Coverage of the DOL fiduciary rule from every angle)
A DOL fiduciary rule everyone can live with
Final version includes a number of changes that address the most serious concerns of those who most vehemently criticized it.
Lesson from Bank of America settlement with Merrill Lynch trainees: Long hours required to make it
If the firm's executives expected trainees to work long hours without being compensated for their overtime, then they deserved to lose the lawsuit.
Frequently asked questions about the DOL fiduciary rule
Answers to common sources of confusion or misunderstanding about the new regulation.
Historical timeline of fiduciary duty for financial advice
1934 Securities and Exchange Act SEC commission in 1934 The law…
Time to get on board the fiduciary train
Many advisers and the firms they work for are still woefully unprepared for what lies ahead.
Recruiter questions Merrill Lynch’s client retention numbers
Wirehouse recently claimed it typically retains 40%-50% of client assets after an adviser leaves.
The biggest teams are not going independent for financial reasons
Policies and procedures which, when layered upon already onerous rules and regulations, fail to recognize advisers' years of experience and wisdom.
Wirehouses least likely to lose clients because of high fees, Cerulli says
Only 5% of clients left the wirehouses last year because they felt fees were too high
Historical timeline of fiduciary duty for financial advice
1934 Securities and Exchange Act SEC commission in 1934 The law…
NFL star Freeney can proceed with fraud claim against Merrill Lynch
NFL star claims Merrill Lynch was complicit in a scheme that caused him to lose $20 million.
Bank of America Merrill Lynch increases adviser headcount 3% in 2015
The wirehouse gains headcount even as the brokerage industry braces for a wave of departures from long-term retention deals expiring.
For some advisers, money not motivating factor to go independent
Advisers choosing models with the most support forgo up to 25% of profits.
4 adviser recruiting predictions for the year ahead
What the state of adviser recruiting might look like in 2016, from the wirehouses to the independent space
The rich already use robo-advisers, and that scares banks
Banks are watching wealthy clients flirt with robo-advisers, and that's one reason the lenders are racing to release their own versions of the automated investing technology.
UBS U.S. wealth management: more advisers, less earnings
Headcount is up, but unit's earnings are down as a result of strong increase in litigation expenses.
Advisers cast their vote on who should be the next president
2,041 advisers surveyed by InvestmentNews weigh in on the presidential election
The biggest adviser moves for the fourth quarter 2015
Tracking the more than $26 billion in AUM that changed firms late in 2015.
