The Department of Labor issued new rules that will require financial advisers handling 401(k)s and individual retirement accounts to act in the best interest of their clients. Previously brokers were ...

A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts ...

Regardless of how regulators resolve the fiduciary issue, more client assets than ever are being held to a fiduciary standard, according to a report by Cerulli Associates. Almost $18 billion — or 42% ...

Last week the Senate voted 56 to 41 to repeal the Department of Labor’s (DOL) new fiduciary rule. However, while serving out the rest of his term in office, President Obama vowed to veto any ...

In what could be a sign of the fiduciary rule's staying power despite Donald Trump's election as president, JPMorgan Chase says it plans to cut commissions for advisers on clients’ retirement accounts ...

The U.S. Department of Labor's (DOL) final rule significantly expanding when a person is considered to be a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal ...

We are moving toward a world in which account aggregation will become a necessity for the financial advice industry. Let me explain. Whether it's in January 2018 or July 2019, or at some other date ...

Merrill Lynch told its advisers to stop selling mutual funds in retirement brokerage accounts such as IRAs, a move that attempts to spare the wirehouse from potential conflicts of interest ahead of ...

The stay of the effective dates of the amended fiduciary regulation and amended exemptions means that the “old” DOL fiduciary regulation (the 5-part test) and the existing exemptions continue in ...

As a first-generation American who grew up in a low-income neighborhood, I know the challenges that working families face in building a solid financial future for themselves. So, when the federal ...