Regulation will shape who profits from cannabis.
But these changes will only help so much.
Congress looks for further ways to turn our retirement system to a general savings system.
It's not as crazy as it sounds, but the answer won't make you happy.
Congress’ next “pay-for” is not as significant as it seems at first glance.
Congress really needs to do away with an arcane tripwire that might one day blow up the economy.
An accident of history leads to opportunities and challenges for parents saving for college.
The SEC has not gone as far as many would like, but it’s taken some important steps.
As this debt increases, research shows that less is saved for the long term. But employers, and lawmakers, are acting to help.
Expanded or open MEPs address some problems, but more action is needed.
Some funds in the retirement plan for federal employees are shifting from a conservative glide path to a more typical one.
New regulations in the European Union present an opportunity for the SEC to revisit and clarify soft-dollar regulations in the U.S.
The data do not support a causal story.
New Morningstar research examines the impact of high-rebate arrangements on investor returns and the positive impact the proposed fiduciary rule has had.
ETFs are privileged by happy accident, and it's poor public policy to favor them over mutual funds.
Maybe, but "tax-deferred account" starts with "tax" for a reason.
The proposal leaves several questions unanswered.
Not much on its own, but it's a canary in the coal mine.
We take a look at the implications of a new Congress and how either political party's agenda could affect investors.
New rules package aims to raise standards.
The proposed Regulation Best Interest rule could prove to be quite strong and maintain momentum toward best interest advice, but there are some areas that still need work.
As new share classes evolve, we untangle their meaning.
The SEC's proposal will accelerate the trend of advisors moving from a sales to a relationship model.
We review the tools the government deploys and how they’ve worked.
Making it easier for unrelated businesses to band together in multiple employer plans could help create higher quality options for investors.
An appellate court's ruling to strike down the Department of Labor's fiduciary rule doesn't change our view that in the long-run advisors are moving to a fiduciary standard of care.
The new tax law adjusts how provisions are, or aren't, indexed--meaning higher real rates are ahead.
Giving advisors reliable data-aggregation capabilities is a start.
Concentrated ownership debate has found a receptive audience among politicians.
Clean shares have the potential to benefit investors, but regulators have to get the details right.
In a comment letter to the SEC, Morningstar’s Aron Szapiro explores what changes the fiduciary rule has had on the asset management industry and what the SEC can do to help investors.
The rule has gone through several developments since President Trump took office, but we expect its fundamental principles to survive.
Americans need better access to retirement plans, help with drawdown phase.
As the secretary of labor confirms that the fiduciary rule will begin to phase in early next month, keep these key points in mind.
How an obscure proposal could help investors judge their 401(k)s.
The Department of Labor's new rules will go into effect later than planned, but the momentum toward offering holistic advice is inescapable, writes Morningstar's Aron Szapiro.
Budget-scoring rules could mean that tax reform is likely to include incentives or mandates toward post-tax contributions, writes Morningstar's Director of Policy Research Aron Szapiro.
Major reforms may be unlikely, but through appointments and executive actions the next administration can still have an impact on investors.
None of the proposals to expand retirement plan coverage is a perfect fit.