Dan Rather on Leadership and ‘Most Important Election in a Generation’
Noted newsman regales Commonwealth advisors with stories of world leaders and their common traits; worries country may “retrench.”
Commonwealth CEO: ‘Unlimited Liability’ Led to Dropping Commission Products
CEO Wayne Bloom lays out the IBD’s response to the DOL’s fiduciary “stew,” including maintaining payouts.
LPL Mum on Possible Sale, Sees No Payout Cuts From DOL
The IBD outlines expected impacts of the new fiduciary rule and shares more details on its more limited fund lineup.
$500M Wells Fargo Team Moves to RBC Wealth: Recruiting Roundup
Meanwhile, both Merrill Lynch and HighTower Advisors announce new reps and executive appointments.
16 Best & Worst 529 College Savings Plans of 2016: Morningstar
Of the 63 plans Morningstar rates, almost half have a neutral rating and all three plans with a negative rating are sold by advisors.
Advisors Using Sector ETFs for Large Chunks of Portfolios: State Street
A State Street survey of advisors and wealth managers found that 85% are using sector or industry ETFs in portfolios.
TD Ameritrade Unveils All-Digital Robo-Advisory
The BD is offering the new service to existing clients currently and expects to launch it nationally in 2017.
Cambridge Says Its Advisors Will Keep Commission-Based Accounts
The IBD is one of several firms to announce that its retirement accounts will include commissions, despite the coming DOL rule.
Broker-Dealer INVEST Taps New Compliance Chief
The IBD, part of National Planning Holdings, brings on Jason Albino, formerly with Penn Mutual Life.
5 Best Asset Managers for Tech-Minded Advisors
According to a report from DST kasina, less than 20% of asset managers provide the detailed performance data that 79% of advisors desire.