Commission Clients Don’t Favor Switch to Fees: J.D. Power
Full-service clients have strong views on their retirement accounts and how they like to pay for them, a J.D. Power poll finds.
How to Comply Now With Labor's Fiduciary Rule(s)
Here are some guidelines on what rules apply to investment recommendations, retirement plans and IRAs until the rule is eventually killed.
More Merrill Departures: Recruiting Roundup
Raymond James adds an employee team, and HighTower grabs a breakaway duo; Triad recruits a group from Commonwealth Financial.
C Corp, S Corp or LLC for Breakaway Brokers? Each Has Tax Implications
Before making any choices, breakaway brokers should consult an experienced tax attorney or accountant familiar with the industry.
Ex-Morgan, Wells Fargo Advisor Who Solicited Pro-Athlete Clients Barred by SEC
The advisor was also an NFL Players Association registered financial advisor.
JPMorgan Abandoning Commissions … Or Not?
The firm told clients they have to move to fee-based or self-directed accounts, unless there is a delay in DOL's fiduciary rule implementation.
Reintroduction of Financial Choice Act Coming in ‘Weeks’: Hensarling
House Financial Services chairman tells Hispanic Chamber that Choice Act will throw Dodd-Frank "on the ash heap of history.”
Hacked? Proposed Bill Would Allow Firms to Hack Back
A proposed bill would allow a victim of a cyberattack to access the attacker’s computer in order to gather information about the attack.
Emergency Request to Block DOL Fiduciary Rule Filed in Texas Court
Industry groups including SIFMA asked the judge to stop the rule from taking effect while they appeal their case.
Trump Issues Order to Reorganize, Streamline Federal Agencies
The OMB director must propose a plan to "reorganize governmental functions and eliminate unnecessary agencies."