New Hire Roundup: FSI Elects Commonwealth’s Rooney to Board
Meanwhile, Thomas Franco joined Virtus Investment Partners, and Kenneth Shimberg went to Mercer.
The 2015 IA 35 for 35
These advisor advocates, investors, politicians and thought leaders have stood out over the past 35 years and will influence financial services for decades to come.
529 College Plan Bill to Be Debated in Senate Committee
The bill is intended to "modernize" 529 plans and would designate computers as a qualified expense, among other provisions.
DOL Not Budging on Fiduciary Rule Comment Period
Labor Secretary Thomas Perez says that the current timeline, including a hearing and another chance to comment, is "a long time."
Wells' FiNet Indie Advisors Join FSI
Wells Fargo Advisors Financial Network (FiNet) has gifted complimentary FSI memberships to its 1,250 independent financial advisors.
DOL Releases Fiduciary Plan
The DOL's long-anticipated, controversial redraft of its rule to redefine fiduciary for retirement plans is now out for public comment.
BD Fees Confuse Investors: NASAA
“Investors are confused and unaware of how much their brokerage firm charges to serve and maintain their investment accounts,” NASAA President William Beatty said.
Lining Washington's Pockets to the Tune of $1.4 Billion
Wall Street banks and other financial services groups poured large sums of money into Washington during the 2013–2014 campaign cycle, spending more than $1.4 billion to influence decision making in the nation's capital.
Obama Endorses DOL Fiduciary Redraft, Girds for Fight
“If you want to give financial advice, you have to put your clients’ interest first,” Obama said Monday, blasting “backdoor payments” and high fees.
House Passes Bill to Make Some Small-Biz Tax Breaks Permanent
Legislation would allow small businesses to deduct up to $500,000 in office equipment.