LPL Details New Mutual Fund-Only Accounts
The new accounts deliver “cost benefits of direct business but with the ability to supervise that comes with LPL custody,” the firm says.
CFP Board to Make Advisor Arbitration Results Public
All CFP Board arbitration results will be made public, with advisors' names removed in most cases, starting Sept. 12.
Lebenthal to Exit Wealth, RIA Business
The closing follows the departure of YorkBridge Wealth Partners, a group with $750 million in assets that moved to Dynasty.
Using Roth 401(k)s to ‘Supersize’ Retirement Savings: Ed Slott
Younger workers are increasingly attracted to Roth IRAs, but Roth 401(k)s allow them to save even more, IRA expert Ed Slott says.
LPL Sees Big Uptick in Recruited Reps
A large number of advisors moved to the IBD from Cetera Financial, Advisor Group and other broker-dealers.
TDF Providers Should Offer More Than One Series: Cerulli
Target-date fund providers should offer more than one series of TDFs to meet the myriad needs of DC plan providers, Cerulli says.
SEC Charges Ex-NFL Player With Defrauding Former Coaches, Elderly
The player cheated seniors and coaches, donors, alumni and employees of schools out of $10 million, the SEC said.
Should You Hoard Cash Before the Election?
Gary Shilling suggests cash allocations of 30% to 50%; S&P's Sam Stovall says holding cash makes sense. But there are less dramatic ways to speculate.
Social Security Replacement Rates Fall as Wives Earn More
Although women make up nearly half of the U.S. labor force, Social Security is still designed for single-income couples, according to CRR.
Saving for Retirement Is Leading Cause of Financial Stress: Schwab Poll
Employee 401(k) plans underpin retirement savings, but participants could do more to maximize benefits, a survey finds.