The End of the 401(k)?
Let's declare 2015 the year we officially recognize 401(k) plans as a failed experiment in retirement planning. And let's give some credit for that to plaintiffs’ attorneys, the Supreme Court and the Department of Labor.
Next Up for DOL Fiduciary Redraft: Hearings
Now that the comment period on the DOL's fiduciary redraft has ended, opponents and those in favor of the rulemaking will participate in hearings regarding the plan the week of Aug. 10.
4 Takeaways for Advisors From LPL Conference
The country’s biggest broker-dealer had several key messages for the thousands of advisors in attendance. Even advisors not affiliated with LPL may find them useful.
Most Advisors See Little Effect From New Fiduciary Rules, Survey Finds
But, expert asks, do reps really understand what they will need to do to fully monitor and manage investment suitability?
LPL Sees Strong Hybrid RIA Growth Amid ‘Massive Consolidation’
LPL advisors can potentially save time and money using the company’s new Vendor Affinity Program, the firm announced Tuesday.
Plunge in Consumer Confidence Exposes Risk for U.S. Economy
Americans are growing concerned that this is about as good as it gets.
Lawmakers Ask DOL to Start Over on Fiduciary Rule
“We feel it is in the interest of our constituents that the DOL repropose this fiduciary regulation,” lawmakers tell Labor’s Thomas Perez.
Evensky: Fee-Only Advisors Face Annuity Dilemma
Fee-only pioneer Harold Evensky says fiduciary advisors will be obliged to recommend annuities — even if it means they won't get paid on those assets.
LPL CEO Addresses Firm’s Compliance Woes
The firm “is close to being done” resolving several enforcement issues it has faced over the last few years, CEO Mark Casady said.
SEC’s Gallagher Doubts DOL’s Willingness to Listen
The proposed fiduciary rule is based on a "misguided notion" that fee-based compensation is always superior, the commissioner says.