BofA Profit Jumps in Q1 as Wealth Unit’s Asset Flows Top $29B
The number of advisors in the Thundering Herd, though, falls below 14,500 as more reps retire.
Even Fiduciary Champions Push DOL to Change Rule
Comments from fiduciary rule supporters, like the Investment Adviser Association and Vanguard, urged the Labor Department for revisions.
GOP Proposes to End Big Tax Break for Democratic States
Republicans want to end state and local income tax deduction from federal taxes. New York, California and New Jersey taxpayers would be hit hard.
10 Things to Know About RMDs
Retirees who misunderstand RMDs could be in for some pretty unpleasant — and expensive — surprises.
Government Shutdown Could Roil Markets, Tax Cuts Still Doable: Friedman
Republicans will cut taxes this year to avoid embarrassment, but full-scale reform is uncertain, says Washington Update's Andy Friedman.
Aspiration Drops Minimum Investment in ESG Fund to $100: Portfolio Products
In other product news, Brinker Capital launches "Destinations Funds," which allow the firm to lower costs and account minimums.
Interval Funds: Pros & Cons of an Alternative Investment You May Have Never Heard Of
These funds are growing in popularity because of potentially high returns and high yields, but there can be a steep price for that.
GOP Proposes Radical Change to 401(k) System
Move to Roth system could have unintended consequences, including killing employers' incentives to offer defined contribution plans.
Raymond James to Pay $150M Over Ski Resort-Green Card Scam
A former Raymond James advisor solicited funds from EB-5 investors for a Vermont ski resort, then misused the money, the SEC said.
Market’s Moves Not All About Trump: Sonders
Schwab's Liz Ann Sonders says a stronger stock market may have had little to do with the results of the election.