The proposed best-interest standard applies only to 'retail customers,' a definition that seems to omit broker recommendations to retirement plans. RIAs, though, are still on the hook.
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.
Despite shifting tones from presidential administrations, advisers can still safely apply ESG factors in investment decisions.
Advisers must weigh pros such as ease and efficiency against drawbacks like client risk and less leverage.
Although the trust fund depletion date remains unchanged, 2034 is when surplus funds will run out if Congress doesn't act
Advisers need to understand the new rules so they can help clients in need.
Advisers should consider the challenges they may face when retiring, as many find this transition to be harder than they anticipated
Survey of "mass affluent" Americans reveals that young people view parents' wealth as safety net.
Investment expertise is no longer viewed as a coveted service — these days, it's just table stakes.
Shops that do plan administration have been getting snapped up recently, a trend that could disrupt advisers' businesses.
Annual report also finds voluntary and default savings rates are converging.
New depletion date is blamed on lower payroll taxes, less revenue from taxing Social Security benefits and higher-than-expected spending.
The life insurer is promoting Vestwell's automated services to retirement-plan advisers at independent broker-dealers.
Although the trust fund depletion date remains unchanged, 2034 is when surplus funds will run out if Congress doesn't act.
Suit argues that the California Secure Choice program is preempted by ERISA.
At least 93% of the funds in the Invesco 401(k) plan are proprietary investments, according to the plaintiffs.
Unofficial estimate would be largest increase since 2012, but retiree costs are growing even faster.
Consolidators offer many different models and procedures.
Purchases largely involve books of plan business from non-specialists.
Ideas for meeting challenges of consolidation and data sharing.
