In further consolidation of the wealth management space, Dallas-based financial planning and wealth management firm Avantax has entered into a definitive agreement to be acquired by Cetera Holdings, expanding the firm’s wealth management ecosystem, as well as establishing a new strategic... READ MORE

The findings in a new survey suggest a need for financial advisers to discuss optimizing Social Security benefits with their clients, as large percentages of respondents across generations do not have a firm grasp of how the program works. Nearly half (49%) of U.S. adults aged 18 or older believe... READ MORE

The top Republican member of the Senate Health, Education, Labor and Pensions (HELP) Committee has introduced legislation taking aim at the pending nomination of Acting Labor Secretary Julie Su to serve as Labor Secretary. More specifically, Sen. Bill Cassidy (R-LA), who serves as the ranking... READ MORE

The two top Republican lawmakers serving on the House and Senate committees with jurisdiction over ERISA have called on the Department of Labor (DOL) to halt any further changes to the definition of fiduciary. The Aug. 31 letter from Rep. Virginia Foxx (R-NC), who is chair of the House Education... READ MORE

With staff turnover being both costly and disruptive, especially at senior levels, businesses increasingly are relying on nonqualified deferred compensation (NQDC) plans as a means of driving retention.   Findings from NFP’s inaugural Executive Benefits Trends Study reveal that nearly all... READ MORE

Robinhood’s bid to undo the Bay State’s fiduciary rule holding broker-dealers to the same standard as investment advisers hit a roadblock after the state’s high court reversed a lower court’s ruling that the Massachusetts Secretary of Commonwealth lacked authority to adopt the rule. The Aug. 25... READ MORE

Engaging clients in conversations around what longevity may mean for them offers opportunities for deeper conversations around their well-being, their working lives, and their financial goals, according to new research from Transamerica and the Massachusetts Institute of Technology (MIT) AgeLab.... READ MORE

Following a year that saw record increases for qualified retirement plan limits, an early projection suggests that the limits will increase, but not quite as significantly as this year.    Using the Internal Revenue Code’s cost-of-living adjustment and rounding methods, the Consumer Price Index... READ MORE

In what has been cited as a top concern of investment adviser compliance officers, the Securities and Exchange Commission on Aug. 21 announced charges against a New York-based fintech investment adviser for using misleading advertisements. Noting that the charges mark the first violation of the... READ MORE