Following on a rule issued over the summer concerning state plans, the DOL is forging ahead with one governing city-based programs.
CEO says the commission model, which will require more compliance work on the company's part, serves both clients and advisers well. (More: The most up-to-date information on the DOL fiduciary rule )
Determining adviser compensation under BICE is likely the "single most complicated thing" in the rule, according to attorney Fred Reish.
Morgan Stanley clients may also choose individual retirement accounts that are fee-based.
Forty industry leaders offer insights in crowd-sourced guide.
Commonwealth Financial Network late Monday said it would stop offering commission-based products in IRAs and qualified retirement plans, making it the latest BD to move more decidedly toward to an advisory platform to avoid what some see as the more onerous provisions of the Labor Department's ...
'The great challenge ... is that ability to re-differentiate ourselves from those who are following your success and wanting to look and act and to appear to clients just as you do.'
'This first set of FAQs will focus on some of the questions that have been raised in connection with the exemptions,' Borzi said. (More: A comprehensive, searchable database of advisers' fiduciary FAQs )
'Dred Scott' comments by the SkyBridge Capital executive 'are so at odds with the DOL rule, law, logic and basic human decency, they demand a rebuke.'
Plus: Investors think the Fed will hike in December, here come the boring post- DOL portfolios, and now is a good time to ask for a raise