Unless firm can spend $200,000-plus a year, don't keep most compliance functions in-house.
The regulation, which offers states a route to avoid liability under ERISA, took its final step toward finalization.
Labor Department's Tim Hauser discusses fiduciary rule's impact on compensation.
Vermont's regulator found supervisory failures under an EB-5 program helping to develop the state's ski resort
Some have a board mandate to shell out more, while others have been encouraged by seeing their donations enhance their lobbying efforts.
Firms that use the tool will have a way to gauge if clients are invested to their best interests.
Official says few firms are using it, although SIFMA has been a proponent of keeping it alive.
The future of tax reform and other adviser-related interests are getting attention at the Republican party convention. <b><i>(More: <a href="//www.investmentnews.com/gallery/20160721/FREE/720009999/PH"" target=""_blank"" rel="noopener noreferrer">10 sectors to watch when Hillary Clinton or Donald Trump become president</a>)</b></i>
Another reminder of the need to become well-versed on the fiduciary rule's conditions for rollover advice.
Asset managers must expand the depth and breadth of their offerings to become more relevant and differentiated.
Plaintiffs allege the asset management firm populated the retirement plan with proprietary investments for its own gain.
The case, which involved a $9 million plan, was voluntarily dismissed by plaintiffs in an unusual turn of events.
The retirement plan provider joins a list of other financial firms that have settled excessive-fee lawsuits with their own employees.
Regulator is following up on similar rules the SEC put in place for investment advisers.
SEC complaint alleges Merrill Robertson Jr. and partner promised 20% and took client funds
The asset management firm joins the likes of American Century Investments and New York Life, which were also sued by employees for using proprietary funds in their 401(k) plans.
Employees are suing for alleged self-dealing and fees charged by a company-affiliated index fund, which plaintiffs claim enriched New York Life at the expense of employees' retirement savings.
Lawmakers sent a strong signal this week to financial regulators that more investors should qualify to buy unregistered securities.
<i>Breakfast with Benjamin</i> Can charging lower fees for bond investments be both the right thing to do and a violation of your fiduciary duty?
Chief Judge Barbara M.G. Lynn is expected to issue a summary judgement on three consolidated lawsuits.
