LPL Failed to Vet Client, Allowed Fraudulent Wire Transfers: SEC
By Melanie WaddellThe client misappropriated $3 million from a Puerto Rican city after opening an LPL account, the SEC says.
September 30, 2021
Another Reason Advisors Are Warming to AnnuitiesAdvisors are also using annuities because they're making little or no money on bonds, a DPL Financial Partners survey found.
September 30, 2021
Class-Action Suit Over Allstate 401(k) Plan Can Go ForwardA judge has dismissed a motion to drop a suit against Allstate and its plan fiduciaries for mishandling 401(k) management choices.
September 30, 2021
Average 2022 Medicare Advantage Premiums Fall 10%The average monthly premium for a Medicare Advantage health plan will fall to $19 per month in 2022 from $21.22 this year.
September 30, 2021
David Komansky, CEO Who Led Merrill's Global Growth, Dies at 82The sale of Merrill to Bank of America in 2008 "broke my heart," Komansky said in a 2010 interview with Bloomberg Television.
September 30, 2021
Peter Mallouk: Target Date Funds a 'Terrible Choice' for Most InvestorsThe Creative Planning CEO sparked a heated debate over the merits of this popular retirement investment.
September 30, 2021
Congress Clears Government Funding Bill to Avert ShutdownThe federal government would be kept open through Dec. 3 under the legislation.
September 30, 2021
Kitces: The 5 Trends Shaking Up the Advisor WorldA new wave of technological disruption is here, Michael Kitces says. What's an advisor to do?