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American Funds Exec Discusses Offering N…

American Funds’ decision late last year to offer all of its funds on no-load platforms at Fidelity and Schwab is intended, in part, to allow retirement plan investors to avoid...

FAs’ Interest in Annuities Drops Followi…

A Fidelity study has determined that financial advisors are less likely to recommend annuities to their clients following the Department of Labor’s fiduciary standard. So reports Financial Advisor.

LPL Recruits Team from Voya Financial

LPL has recruited the Capital Financial Planning team, which is a hybrid RIA with $650 million in client assets that was previously affiliated with Voya Financial. So reports ThinkAdvisor.

Latest News

Capital markets have reacted dramatically to Donald’s Trump’s presidential election. 

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Claus Foerster, formerly of Spartanburg, S.C., has been sentenced to two years in jail and has been ordered to pay $3.5 million in restitution after getting caught with stealing assets from clients. So reports WYFF.

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It’s easy to dismiss millennials as being too young to have accumulated wealth, but the category that consists of Americans born between 1980 and 2000 shouldn’t be dismissed. That's, in part, because there are 90 million millennials. So reports Barron's.

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Expectations that President-elect Donald Trump and the Republican controlled Congress will kill the Department of Labor’s Fiduciary Standard are growing, but many firms are continuing to prepare for the rule nonetheless. So reports Bloomberg BNA.

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American Funds’ decision late last year to offer all of its funds on no-load platforms at Fidelity and Schwab is intended, in part, to allow retirement plan investors to avoid having to pay a second commission if they want to keep using the firm’s products durnig IRA rollovers. So reports Morningstar.

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Practice Management

How to Market to Millennials

It’s easy to overlook the Millennial generation as a marketing opportunity for financial advisors.

Technology & Communications

Robo-Advisor to Try to Attract Muslim Cu…

The Farringdon Group Private Wealth Managers plans to launch its Algebra robo-advisor, which will comply with Shariah law for Muslims and be available across the globe. So reports Banking Technology.

Regulatory & Compliance

Advisor Must Repay Stolen Funds, Serve J…

Claus Foerster, formerly of Spartanburg, S.C., has been sentenced to two years in jail and has been ordered to pay $3.5 million in restitution after getting caught with stealing assets...

Markets & Investments

Millennials Growing Into an Attractive M…

It’s easy to dismiss millennials as being too young to have accumulated wealth, but the category that consists of Americans born between 1980 and 2000 shouldn’t be dismissed. That's, in...

Retirement

Some Parents Prioritizing College Saving…

In a recent survey by HSBC Group, 37% of parents said saving for their children’s education is more important than saving toward retirement. So reports Plan Sponsor.

News Roundup

American Funds Exec Discusses Offering N…

American Funds’ decision late last year to offer all of its funds on no-load platforms at Fidelity and Schwab is intended, in part, to allow retirement plan investors to avoid...

People

Brexit, Market Jitters Create Opportunit…

Financial advisors often promote their services by saying that they can help remove emotions from investing.

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