Morgan Stanley announced it will continue to give wealth management clients as choice, in contrast to competitors like Bank of America's Merrill Lynch.
Commonwealth Financial Network will stop offering commission-based products in retirement accounts once the Department of Labor fiduciary rule goes into effect on April 10, 2017, the company announced...
Twenty years ago, registered investment advisors could capitalize on being fiduciaries; that was their differentiating factor. Unlike those advisors at the wirehouses, RIAs had to serve their clients’ best interests...
Most successful wealth management practices have one thing in common: They sell service, not performance. There have been numerous industry studies on the topic, and for the most part, top quartile performance doesn’t rate in the top three...
If advisor technology firms competed over advisor dashboards and client portals in 2014, and for control over the advisor integration hub in 2015, the arms race in 2016 is to help advisors comply with the Department...
There's been a great deal of debate in the past several years as to how much, exactly, the Department of Labor's new fiduciary rules will cost advisors. In the past, SIFMA warned that it could cost upwards of $5 billion, but with only seven months...
Financial advisors across the country are preparing for the new DOL fiduciary rule that takes effect on April 10, 2017 – or at least they should be. Despite the fact that we are seven months out from the implementation deadline, there is...
While the Department of Labor’s recent fiduciary ruling was aimed primarily at retirement investment advisors, including consultants, broker/dealers, insurance agents and IRA providers, it contains plenty of directives that are keeping plan...
