How Wealthy Americans Spend Their Money in These 14 Categories
A Spectrem study finds some spend more than $100,000 on everyday and luxury items.
Wells Fargo Pushes to Settle Claims Over Fake Accounts via Arbitration
Customers are suing the bank for millions plus punitive damages.
Technology Critical to Meet Increasing Compliance Burden
Regulators are using technology to crack down on financial services firms; advisors should use the same technology.
How Employers Can Help Solve the Retirement Savings Problem
Employers need to increase incentives and ease-of-use for employees to participate in work-based retirement savings plans.
Despite Threats to DOL Rule, Advisors Urged to Finish Compliance Efforts
IAA’s Neil Simon says advisors should be prepared by the April deadline despite the uncertainty.
Capital One to End Commissions in Advised IRAs
The brokerage firm, which has roughly $25 billion of assets, makes the move in response to the DOL fiduciary rule.
Everyone Knew Trump Would Win All Along
As an example of hindsight bias and how outcomes affect narratives, consider the presidential election.
BD Charged With Fleecing Seniors With Unsuitable Products, High-Pressure Contests
In one case, a woman dying of cancer in Massachusetts was pressured to buy a variable annuity.
Elder Financial Abuse Appears to Be Worse Than Thought: Allianz Life Study
The survey found that 37% of active caregivers said the elder under their care had experienced financial abuse or exploitation with a loss.
How Millennial Women, Men View Retirement Differently: Schwab
Professional advice can strongly boost confidence in investment decisions.