The reasons for affiliating with a brokerage have changed as compensation has evolved.
The laws underscore the need for advisers to have clients consider a long-term-care planning strategy
The firm earlier this year won dismissal of a lawsuit alleging self-dealing through use of its target-date funds.
Financial incentives and poor products run rampant in the non-ERISA 403(b) realm, especially for educators teaching kindergarten through 12th grade, according to advisers
The Wells Fargo Target 2020 Fund (WFOBX) ranks in the bottom 15% among peers when looking at five-year total returns.
Concerns over strict limits on pre-tax 401(k) savings and the upending of non-qualified deferred compensation plans are receding.
Modifications make it easier for some advisers to get a business tax break, repeal the ability to recharacterize Roth accounts, and add uncertainty by making individual cuts temporary and injecting health care into the debate.
The move echoes that of other large brokerage houses such as Merrill Lynch, which requires its retirement plan advisers to act as fiduciaries post-DOL rule.
Joe Mrozek, who's worked for the wirehouse for more than 20 years, will take a job at Lincoln Financial Group.
More than 22% of its total adviser workforce is now certified by the wirehouse to act as a fiduciary for retirement plans.
