Raymond James, Ameriprise Keeping Commissions in Retirement Accounts
The two BDs, which have nearly 17,000 advisors, won’t relent to DOL fiduciary rule, insisting that investor choice is paramount.
Most Advisors Confused on DOL Rule’s Impact: Galvin Poll
A majority incorrectly believes that, despite their work with retirement accounts, the new fiduciary standard won’t impact them.
DOL Releases FAQs on Fiduciary Rule
First round of FAQs answers 34 questions on new exemptions and amendments to existing exemptions.
The Next 10 Years Will Be Ugly for Your 401(k)
We expect about a 5% return on our investments; a Research Affiliates report tells us we should start getting used to disappointment.
On the Ballot: Key State and Local Tax Proposals
In several states, Election Day will mean more than choosing a president, it will involve voting on initiatives to increase state or local taxes.
DOL’s Borzi: First Fiduciary Rule FAQs to Focus on BICE
First wave of FAQs due out “very soon” will answer a “couple dozen” questions on the rule’s exemptions, including BICE, Phyllis Borzi said.
Dodging a Pro-Rata Tax Debacle on IRA Transactions
Ignoring the pro-rata rule on retirement plan distributions can turn a nontaxable transaction into one that generates a big tax bill.
DOL Rule Casualty: Commonwealth Drops Commission Retirement Products
Indie BD says the decision was “challenging,” though it makes less than 10% of revenue from commissions on these accounts.
To Attract Students, Colleges Offering Loan Debt Insurance
A student loan debt insurance program may help advisors and their clients with college-age kids narrow down their list of ideal schools.
What Does Divorce Really Cost?
Conducted by volunteers, Second Saturday workshops address the legal, emotional and financial issues of divorce.