Lawsuit claims insurers 'betrayed' thousands of pension plan participants and beneficiaries.
One defendant allegedly used some of the stolen money to commission a song about himself and had it played at a Las Vegas nightclub.
Clear benefits for advisory firms, but some think advisers may be ill-equipped to deliver financial wellness and see potential conflict.
Equity and bond fund fees down more than 45% from the early 2000s.
Justice Department didn't petition the Supreme Court to rehear the case. A mandate from the 5th Circuit would finally lay the fiduciary rule to rest.
Plan sponsors are left out of the equation because they don't appear to fall within the definition of "retail" investor, legal experts say.
The sale would keep the platform in the LPL network, and could be used as a way to lure retirement advisers away from Independent Financial Partners.
Advisers must weigh pros such as ease and efficiency against drawbacks like client risk and less leverage.
C corps may become a bit more popular under the new regime given the big reduction in their tax rate, but pass-throughs still seem to have the upper hand, advisers say
Rising interest rates primarily responsible for estimated 50% spike in sales of fixed-rate deferred annuities through 2019, says insurance industry group Limra.
