Financial Planners Fight Spending Bill Rider That Kills DOL Rule
The Financial Planning Coalition moves against other industry players who are "aggressively advocating" for a rider that would prohibit DOL from implementing the fiduciary rule.
3 DOL Fiduciary Takeaways From Morgan Stanley’s Q1 Earnings
CFO Pruzan outlines the impact the new fiduciary rule is having on the firm's sales, recruiting, margins and costs.
Why Individual Investors Support Fiduciary Rule: Financial Engines Survey
A survey from the nation's biggest 401(k) advisor found that 93% of Americans want advisors working on retirement accounts to put client interests first.
Even Fiduciary Champions Push DOL to Change Rule
Comments from fiduciary rule supporters, like the Investment Adviser Association and Vanguard, urged the Labor Department for revisions.
Morningstar Pushes Change in DOL Fiduciary Rule Enforcement
The fund rating agency suggests a third-party audit of firms’ “big data” to check if individual portfolios are providing a “best interest standard of advice.”
Do Too Many Rules Really Lead to Bad Advice?
Regular readers will probably not be surprised that I have a few problems with Don Trone’s take on United Airlines and the “Fiduciary Paradox.”
DOL Fiduciary Rule Foes Say Delay Falls Short of Trump Order
Ken Bentsen, president and CEO of SIFMA, sees problems with Labor's "convoluted" ruling.
DOL Releases Its Delay of Fiduciary Rule
DOL issues final rule to delay compliance date by 60 days; asks for comments on Trump memorandum.
DOJ Says DOL Fiduciary Rule Delay Coming Wednesday
In court filing, DOJ says OMB review of Labor’s draft fiduciary rule is "nearly complete."
Despite DOL Fiduciary Suspension, Merrill, Morgan Stanley Roll Out Products
Despite the delayed applicability of the DOL fiduciary rule ordered by President Trump, advisors are providing guidance to small-business owners looking to offer 401(k)s.