Executives from broker-dealers and RIAs say the fallout would create opportunity for advisers specializing in 401(k) plans to steal business away from “generalist” advisers.
Advisers can make themselves more valuable to employer clients by following these tips, according to a panel of plan sponsors at National Association of Plan Advisors' 15th annual 401(k) summit.
Brian Graff, the executive director of NAPA, equates the rule to an infant that “pees you in the face,” joining a large chorus of observers citing the complexity of the new regulation and the massive shake-up it will have on the industry.
Advisers should put behavioral finance techniques to work when nudging clients to use tax refunds appropriately.
The bank's broker-dealer and custody and clearing arm allegedly violated SEC and Finra rules through operational, supervisory and record-keeping misconduct.
Valerie Brown, former CEO of Cetera Financial Group, will join Advisor Group as executive chairman of the board.
Changes will be felt most markedly in the retail market, where investors will serve as their own enforcement agents.
Retirement plan advisers have an easier path to advising on rollovers and working with small 401(k) plans.
The SEC had a mandate to set a fiduciary standard, but failed to do so before the DOL.
Only one firm, MetLife, posted any substantial gains, as market volatility and fixed indexed annuities cut into VA business.
