Some of the industry's largest independent broker-dealers have expressed concern that the Department of Labor's proposed fiduciary rule could have a detrimental effect on the annuity market, reports AdvisorHub. The proposal is called the Retirement Security Rule:...
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Advisors weighing approach to bitcoin ETFs following SEC approval
Financial advisors are assessing their strategies regarding bitcoin exchange traded funds now that they have been approved by the Securities and Exchange Commission, InvestmentNews reports. Last week, the SEC voted to approve nearly a dozen new bitcoin ETFs, allowing...
First RIA co-operative platform for financial advisors launched
Two Los-Angeles based advisors announced that they have launched the first RIA co-operative platform for financial advisors, reports InvestmentNews. Katrina Soelter, CFP® and Leighann Miko, CFP®, said they co-founded Avise Financial as a way to put ownership in the...
Charles Schwab asks Department of Labor to withdraw fiduciary rule proposal
Charles Schwab has asked the Department of Labor to withdraw its proposal that would revise the definition of an investment advice fiduciary, according to Financial Advisor. The DOL made the proposal in November under the Employee Retirement Income Security Act. It...
New AI tool helping financial advisors explain annuities to clients
As the financial industry continues to utilize artificial intelligence, a new AI product is reported to be helping advisors in the annuity sector. According to InvestmentNews, the AI Annuity Assistant has been developed by Wealth 2K. It is aimed at assisting...