Selling through independent insurance agents, currently the largest distribution channel for FIAs, will expose insurers to more liability than they may care for.
The Labor Department's new rule may ultimately pave the way for millennials to secure a foothold in the financial advice business.
Inherent to acting in a client's best interest is ensuring costs are reasonable, an ERISA concept brokers need to understand.
Fixed indexed annuities lost a favorable exemption they enjoyed under the proposed rule, and the impact on variable annuities likely won't be much changed from original forecasts.
Nobody likes paying taxes, but long-term capital gains rates are favorable compared with other tax treatments.
The broker-dealer didn't account for reserves needed to cover loans secured with customer assets.
The laws create the possibility that parents' long-term-care expenses may be shouldered by their children.
Last year's Supreme Court ruling was a mixed bag for some married gay couples. Some had less trouble filing state taxes, while others had a higher tax bill.
A complicated process to value the music icon's estate hinges on future royalties.
Bradford Campbell, an ERISA attorney and former head of the Employee Benefits Security Administration, discusses how the Labor Department's new fiduciary rule flies in the face of the Earth Day celebration, due to thousands of pages of required disclosures and printouts of the regulation's text.
