AmeriLife Acquires Majority Stake in Brookstone Capital Management
By Allison BellThe combined organization will generate about $3.5 billion in annual life, annuity and health premiums.
July 18, 2019
Climate Change Bill Passed by House CommitteeAs ESG investing grows into the trillions of dollars, Congress is stepping up on bills that would mandate better data and standardization.
July 18, 2019
M&A Activity Among RIAs on Track to Achieve All-Time High This Year: TD AmeritradeAdvisory firm transactions were 82% higher in the first six months of 2019 than a year ago, new study finds.
July 18, 2019
AssetMark IPO Focused on Debt Repayment: CFOThe company is looking to raise $275 million after pricing common stock at $22 per share.
July 18, 2019
Morgan Stanley Profits Drop Despite Strong Wealth ResultsAverage yearly fees and commissions per advisor are $1.13 million, just slightly ahead of rival Merrill Lynch.
July 18, 2019
Brokerage Industry Blasts NJ Fiduciary Rule at HearingThey said SEC Reg BI precludes the need for a state fiduciary rule; consumer advocates disagreed.
July 18, 2019
WSJ Editorial on Secure Act's 'Stretch IRA' Provision Sparks DebateEd Slott and other retirement experts debate the bipartisan retirement bill's strict limits on the stretch IRA strategy.
July 18, 2019
ACLI Defends Retirement Bill Against 'Stretch IRA' AttackSusan Neely says the current stretch IRA program serves only the wealthiest taxpayers.