Both bills exclude all but small investment advisory firms.
Joe Mrozek, who's worked for the wirehouse for more than 20 years, will take a job at Lincoln Financial Group.
Whistleblowers cited in Times article say the pension giant pressured reps to push expensive managed accounts.
Here's how the Senate proposal compares with the House version so far on key areas.
Government website offers tips to protect personal data, but gaps may remain.
Last-minute changes also include restoration of adoption credit and elimination of limits on interest deductions for car dealers.
Firm failed to set up systems and adequately supervise representatives, regulator says.
If the tax bill becomes law, the recharacterization repeal will be effective after 2017
The defined contribution industry, record keepers and advisers alike, must catch up fast.
Some key differences from House bill include how mortgage deduction and estate taxes are treated.
More than 22% of its total adviser workforce is now certified by the wirehouse to act as a fiduciary for retirement plans.
The Trump administration review is prompting some retirement plan specialists to hold back on implementing parts of the rule that are vague or challenging.
The House bill seeks to limit the 25% rate to manufacturers, but will still creates opportunities for strategic tax management.
Elimination of alimony deduction could complicate future divorce settlements.
Government website offers tips to protect personal data, but gaps may remain.
Provisions in the tax bill will affect advisers and their clients alike.
While pre-tax 401(k) contribution limits are off the table (for now), the Republican tax bill nonetheless makes changes to retirement savings plans.
Market-driven gains and active-fund outflows mean high distributions.
The proposed measure leaves 401(k) plans alone, but makes sweeping changes in many other areas, including mortgages, property taxes, pass-through income and charitable deductions.
The House legislation includes "no changes" to popular 401(k) retirement plans, but includes a measure to cut the corporate tax rate to 20%.
