The Department of Labor is prepared to help advisors survive under the new fiduciary rules by possibly carving out new exemptions and amending existing ones, according to documents published Thursday. Is it the lifeline the industry seeks?
The Impartial Conduct Standards in the Department of Labor fiduciary rules have caused some confusion. Our Kim O’Brien is here to sort it all out.
INDIANAPOLIS —A recent concept report based on research by Wade Pfau, Ph.D., CFA, and Michael Finke, Ph.D., CFP® illustrates the…
Deciding when to take Social Security benefits can be one of the most important decisions an advisor helps a client to make.
Assets gathered by multi-family offices grew 13 percent annually over the three-year period ending in 2015, according to new data. That surpasses the growth in the hot registered investment advisor (RIA) field. What does it mean?
Any thoughts that new Labor Secretary Alexander Acosta would decline to defend the controversial fiduciary rule went out the window with a brief filed Monday in the Fifth Circuit Court of Appeals.
—The Federal Reserve is figuring out when to start unloading much of its $4.5 trillion in bond holdings— a major turning point for an economy still healing from the 2008 financial crisis. Some Fed officials want to announce the beginning of the process “within a couple of months,” according to minutes of the U.S. central bank’s June meeting released Wednesday.
The Department of Labor announced two new comment periods Friday — 15 and 30 days — on different aspect of its controversial fiduciary rule. Will the rule go fully into effect?
Some 67 percent of financial advisors rely on practice management support – especially to deal with the growing complexity of advising, according to a recent poll.
Fee-based registered financial advisors (RIA) and dually-registered advisors are growing much faster than commission-based independent representatives. Industry pressures are reshaping how investment advice is delivered, experts say.
Since launching his own financial advisory firm in October, Grayson Hofferber has charged a monthly retainer that ranges from $50…
If you’re going for the dividend route, which of the two primary dividend strategies is best: dividend growth, or dividend yield? Investment gurus are casting a vote for growth.
The SEC is hinting at taking up fiduciary rulemaking. New Chairman Jay Clayton kicked off the process June 1 by soliciting public comment. Investors and advisors responded with concerns.
Chicago-based Bankers Life is recasting a narrowly-focused captive insurance distribution approach into a holistic advisory one. It is developing a higher-caliber advisor force in the process, execs say.
This new finding comes from T. Rowe Price’s 2016 update of Reference Point, an annual benchmarking report of employer-sponsored retirement plans based on T. Rowe Price’s full-service recordkeeping client data. Reference Point is one component of T. Rowe Price’s comprehensive digital toolkit aimed at helping plan sponsor clients and their advisors manage…
Some 93 percent of people 25 years and younger are willing to buy insurance online compared to only 63 percent…
Investors should diversify their holdings across emerging markets, experts say. But take care to be wary of volatility and invest with some trepidation.
The Department of Labor fiduciary rule has not had a major impact on annuity sales yet, say execs with a top Midwest insurer. The second phase of the rule, which takes effect Jan. 1, 2018, will likely be a different story, they add.
Fred Fern had all of his money invested in IBM in 1962. When the blue chip of blue chip stocks…
Cybersecurity ETFs are a hot investment right now due to the persistent global cyber threats. But experts say there are important things to look for before plunging your client’s money into a cybersecurity ETF.
Financial advisor trade associations are racing to offer new training programs to expand their reach to life insurance professionals operating in foreign markets. In particular, Asia is an area of immense interest.
Asset managers and owners expect their investment in ESG alternative assets, including hedge funds, infrastructure, real estate and private equity…
The Duty of Diligence contained in the Department of Labor fiduciary rule will require advisors to employ a standardized, systematic and repeatable process when issuing advice, our Kim O’Brien says.
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