Features

Topic

Charles Schwab reportedly in talks to buy USAA brokerage, wealth management business

The deal would net Schwab roughly $100 billion in new assets.

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Departure of Alexander Acosta could slow DOL effort to revise fiduciary rule

Acting secretary Patrick Pizzella will have to make political decision to move ahead.

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Hub in talks to buy $40 billion LPL branch Global Retirement Partners

GRP, an LPL super-OSJ, would represent the latest in a flurry of acquisitions for Hub.

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Fidelity says it’s entitled to alleged ‘secret payments’ in 401(k) plans

Given the thin margins in the retirement business, firm says it was justified in cutting deals with money managers to boost profits.

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Finra rogue broker proposal raises concerns among investor, industry advocates

PIABA: It falls short of solving unpaid arbitration. FSI: It gives Finra too much power.

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New York lawmaker works on bill to establish fiduciary duty for advisers in state

Assemblyman Jeffrey Dinowitz says measure will be 'stronger' than previous disclosure bill.

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Financial industry group asks CFP Board to back off if reps comply with Reg BI

CFP Board CEO Keller touts standard but indicates possible delay in its enforcement.

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Judge rejects Ohio National motion to throw out case involving variable annuity commissions

LPL broker Lance Browning alleges the insurer acted unlawfully last year when it terminated certain trail commissions.

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TIAA exit from life insurance market exposes void for RIAs

Fee-only advisers who want to sell clients life insurance without a commission have few options available.

Topic

Adviser regulation caught up in partisan era, making it hard to plan for future

A change in the White House in 2020 could result in a reversal of new SEC advice reform rules, just as the last presidential transition left the DOL fiduciary rule dead.

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