BD Stocks Feel Bite as DOL Fiduciary Deadline Nears
Meanwhile, financial analysts say Trump could bring broker-dealers, insurers and asset managers relief from some aspects of the reform package.
In Reversal, Merrill OKs Retirement Account Commissions in 'Limited Situations'
Wealth chief Andy Sieg shares details on the cases in which advisors can charge commissions via BIC.
Morgan Stanley Could Cut FA Comp for Vanguard Funds: Report
But a Morningstar executive questions the value of such a strategy for both clients and advisors.
Senate Confirms Jay Clayton as SEC Chairman
Groups press Clayton to prioritize uniform fiduciary rule for brokers and advisors.
Tax Cuts to Happen in ’17, but Not Reforms: Andy Friedman
Also at the Raymond James conference, CEO Paul Reilly says cuts could benefit some advisors doing business as S Corps and LLCs.
‘No Evidence’ DOL Rule Is Hurting Recruiting: Raymond James
Though Morgan Stanley says the fiduciary standard is slowing advisor movement, the independent advisor group begs to differ.
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.
HighTower to Buy $6.4B RIA Aggregator WealthTrust
The larger advisor rollup firm says it added a $75 million credit facility to fund its largest deal to date.
DOL issues temporary enforcement policy on fiduciary rule
Field Assistance Bulletin sets out policy if Labor fails to delay rule’s applicability date before April 10.
Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”