Merrill Trims Fees for Some Clients With Less Than $1M
The cuts could bring charges down to roughly 2.2% of assets, saving clients some $5,000 a year.
Morgan Stanley Grabs $4.6M Merrill Team
The recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
What's Keeping Advisors Up at Night?
Fidelity surveys point to regulatory issues; the firm offers tips on how to manage as DOL stays in the headlines.
PE Firm to Buy Financial Compliance Outsourcer
Lovell Minnick, an owner of Lincoln Investment Planning, is set to acquire Foreside Financial Group, which works with BDs and IAs.
What the Biggest BDs Are Saying About Trump's Fiduciary Order
Wirehouses and other large broker-dealers seem cautiously optimistic on what President Trump will do next with the fiduciary rule.
What DOL Delay, Dodd-Frank Rollback Mean for Wall Street
Deregulation, combined with business growth and tax reform, could lead to larger profits, analysts say.
Morgan Stanley to Cut Fees, Keep Commissions Despite DOL Doubts
While speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest and redundant offerings.
Warren Says DOL Website for Wells Fargo Removed
U.S. senator asks the agency for status of probe into bank; website was to allow bank workers to report illegal activity.
If DOL Fiduciary Gets Delayed, Seize the Moment: FSI’s Brown
The FSI chief says Trump's election gives it “once-in-a-generation opportunity” to push for more advisor- and client-friendly reforms.
Hoping for a Regulatory Miracle
Many advisors would love some common sense to be exercised in 2017 with respect to the DOL's fiduciary rule.