Betterment Signs Up 300-Plus Retirement Plan Clients in 2016
Benefiting from the DOL rule, Betterment for Business is reaching out to midsize firms in high tech and other emerging fields.
Star LPL Rep Charged With Annuities Fraud; Targeted Elderly
A client in her 80s with dementia and limited funds was sold an annuity with a seven-year surrender policy, Massachusetts regulators say.
Citizens Financial to Start Robo-Advisory Platform With SigFig
The Royal Bank of Scotland is partnering with SigFig to launch a robo-advisor platform next year.
Ameriprise Adds 10 Reps as Raymond James Brings in $780M Advisors: Recruiting Roundup
Both firms attract financial advisors from Wells Fargo and other wirehouses.
Senator Tells DOL to Stop Implementing Fiduciary Rule as It Will Be 'Undone'
Meanwhile, a new report says advisors plan to abandon "mass-market" clients because of the DOL rule.
Top DC Plan Providers Recommended by Advisors: Cogent
Here are the highest ranked providers on ease of doing business and value for the money, according to Cogent Reports.
9 Retirement Moves Other Countries Get Right
While the U.S. faces a retirement crisis in coming years, some countries are not. Here are 9 things they're doing differently.
FINRA Fines VALIC $1.75M Over Comp Policies, VA Sales
For three years, reps had incentives to move assets into proprietary products and were not adequately supervised, the regulator says.
The Blue State Plan to Fix Retirement
California, Oregon, Illinois, Maryland and Connecticut want more workers to have the chance to save for retirement at work.
Meir Statman: What ‘Normal People’ Really Want From Advisors
Professor Statman talks about next-gen behavioral finance, how to manage clients’ well-being and why annuities can “emit the smell of death.”