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.”
Groups Appeal DOL Fiduciary Case in Texas
Five national co-plaintiffs and four groups in Lone Star State file to appeal Judge Lynn's decision to uphold 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.
Merrill Kills Mutual Fund Sales in IRAs; DOL Rule Sparks Move
The wirehouse says it is making the move to get ahead of the April 2017 DOL fiduciary deadline.
Cambridge Says Its Advisors Will Keep Commission-Based Accounts
The IBD is one of several firms to announce that its retirement accounts will include commissions, despite the coming DOL rule.
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.
Morgan Stanley Keeps Commission Retirement Accounts, Despite DOL Rule
The news comes one week after CEO James Gorman discussed the importance of giving clients choice.
Ameriprise Misses Estimates, Posts DOL-Related Costs: Q3 Earnings
Its reps now have average fees and commissions of $511,000, which is down 1% from last year.