Throughout April, the Securities and Exchange Commission is conducting a number of events to help investors plan for their future as part of ‘National Financial Capability Month’. The SEC’s Office of Investor Education and Advocacy (OIEA) announced that its theme for...
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Financial News
Over half of advisory clients left their financial advisors last year, survey finds
A new survey underscores the challenges financial advisors face when it comes to maintaining relationships with their clients, according to WealthManagement. The research was conducted by YCharts, a leading investment research and client communications platform. It...
CFP Board general counsel expresses support for DOL fiduciary rule
The general counsel for the Certified Financial Planner Board of Standards expressed his support for the Department of Labor's proposed fiduciary rule during an interview with ThinkAdvisor. Leo Rydzewski discussed various aspects of the plan, which has now been...
FSI sues Department of Labor over rule involving independent contractors
The Financial Services Institute (FSI) has joined a lawsuit attempting to block a new Department of Labor rule regarding the classification of independent contractors, reports InvestmentNews. The DOL's rule, published on Jan. 10, is designed to help employers and...
DOL fiduciary rule proposal draws mixed reaction from CFP Board, FPA
The Department of Labor's fiduciary rule proposal has drawn mixed reactions from two different financial planning organizations, InvestmentNews reports. The Certified Financial Planner Board of Standards (CFP Board) has come out firmly in support of the plan, but the...