Advisor Concern on Client Income Surpasses Volatility: Eaton Vance
The Advisor Top-of-Mind Index for Q2 found a 16% increase from Q1 and the highest ranking since the index’s inception.
Investors Are Killing It With 401(k)s on Autopilot: Fidelity
'Auto-escalation' nudges employee contribution rates up one percentage point a year; average balance hits record $95,500.
Ric Edelman — Media-Savvy Advisor: The 2017 IA 25
The former financial journalist, now author and TV and radio personality, founded an advisory firm that 30 years later has $18 billion in assets.
Killing Fiduciary Rule Seen as New DOL Chief’s Top Priority
Acosta “is still looking for a solution that could be implemented in final form before June 9,” says ERISA attorney Fred Reish.
Millennials Faster to Move Money, Slower to Take Advice
This generation has an itchy trigger finger when it comes to market volatility and is less likely to use an advisor, MassMutual reports.
Lawmakers Push Bill Allowing Student Debt to Be Discharged in Bankruptcy
The bipartisan bill changes federal bankruptcy rules to establish parity between student loan debt and other debt.
Ron Carson — The Advisor’s Advisor: The 2017 IA 25
He argues today's reps must prove their worth and adjust to change; "you either evolve quickly or become irrelevant."
Senate ACA Replacers May Tap Medicare Surtax and Net Investment Tax
Fully repealing both taxes could cost the U.S. government $275 billion in revenue over 10 years, according to CBO analysts.
Bill to Replace Dodd-Frank, Kill DOL Fiduciary Rule Passes House Panel
After three days of raucous debate, the Financial Choice Act passed the House Financial Services Committee by a 34-26 vote.
R. Alexander Acosta — Fiduciary Foreman: The 2017 IA 25
The new Labor secretary could lead the unwinding, and potentially killing, of Labor’s fiduciary rule, which was six years in the making.