Passive Investing a ‘Great Way to Free Up Time’: Schwab’s Clark
Most indie advisors see the rise of passive investing as an opportunity, not a threat, according to a Schwab survey.
DOL Unit Prepares Multi-Employer Health Purchasing Proposal
The OMB is putting a draft of the proposal, which has not been released, through a regulatory review.
Advisors Must Act in Customers' Best Interest: DOL Secretary
Alex Acosta said EBSA will go after retirement advisors in material breach of the standards.
Securities America Adds $446M All-Women RIA: Recruiting Roundup
Meanwhile, RBC draws teams from Wells Fargo and UBS, and Ameriprise brings on a group from Merrill Lynch.
New York Regulators Fine Cigna $2 Million Over Stop-Loss Sales
State officials say carriers can sell stop-loss only to large employers.
FINRA Board Rife With Conflicts: PIABA
FINRA’s board "has public board members who have very deep ties to the securities industry," said the lawyers' trade group.
Vanguard Shareholders Vote to Restructure REIT Funds and for Other Changes
They also approved proposals that provide more flexibility to switch fund advisors.
CFP Board to Seek More Comments on Conduct Standards
The CFP Board made "meaningful changes" after the first round of comments, Chairman Blaine Aikin said.
Vullo Discusses New York's Role in National Cybersecurity Regs
The NAIC has used New York's cybersecurity regulations as its model.
5 NAILBA 36 Tech Attractions
Exhibitors are trying to help life and annuity distributors get things done faster and better.