SIFMA Roiled by Split Over DOL Fiduciary Suit by Wirehouses, Smaller Firms
Large broker-dealers favored compliance over fighting DOL; Wells Fargo, Morgan Stanley said to have opposed court battle.
A Glimpse of the Future of Annuities
Lower commissions and the continued decline of VAs are among the likely effects of the DOL fiduciary rule and other market forces.
LPL Expands D.C. Presence After Quitting FSI
The IBD opens office near the Capitol after ending its membership in the Financial Services Institute IBD advocacy group.
Lessons for Advisors From Indecipherable DOL Fiduciary Rule
A free Microsoft tool can make your own letters, blog posts and proposals understandable, unlike the DOL's fiduciary rule.
Cetera, Freed From RCAP Bankruptcy, Set to Charge Ahead
“We are recapitalized and have a new board of directors,” CEO Larry Roth told ThinkAdvisor. “It’s fantastic!”
DOL Fiduciary Rule Puts Advisors on Tricky Terrain
Firms and advisors must now untangle knotty questions raised in the rule.
11 Best & Worst Broker-Dealers: Q1 Earnings, 2016
Results for financial firms were generally the same: bad, with one standout.
Wells Fargo’s Mack Opens Up on How an Advisor Helped Her Cope With Tragedy
Wells Fargo Advisors President Mary Mack puts the importance of the DOL fiduciary rule and client-advisor relationships in highly personal terms.
LPL Feeling Acquisitive in New Fiduciary Era; Q1 Sales Fall 9%
The new DOL rule should “squeeze cost structures for smaller competitors” and “lead to more opportunity for M&A,” CEO Mark Casady says.
Ameriprise Weighs Adding Advisors as Regulation Squeezes Rivals
DOL fiduciary rule opens up opportunities, CEO says; firm has devoted about 400 people to deal with its impact.