Advisors

There could be a tug of war brewing over which standard financial professionals should follow when they provide advice or sell products such as annuities to individual investors. The Securities and Exchange Commission is unveiling a new regulation, called Regulation Best Interest, which requires broker-dealers and professionals associated with them to keep their clients’ best
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Thomas Barwick | DigitalVision | Getty Images The process of recommending life insurance doesn’t have to be rife with conflicts of interest. Insurance has its place in a client’s comprehensive financial plan. For instance, term coverage can protect a young family in the event of a breadwinner’s early demise. Permanent life insurance — which can
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A pedestrian passes in front of a Charles Schwab Corp. office building in New York. Gabriella Angotti-Jones | Bloomberg | Getty Images Charles Schwab’s proposed acquisition of TD Ameritrade is stirring up worry among financial advisors. Schwab on Monday announced it would acquire TD in a $26 billion all-stock transaction. Together, the firms will serve
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Ariel Skelley | DigitalVision | Getty Images What is a suitable investment for someone? What is in an investor’s best interest? What is the difference between a securities broker and a financial advisor? If you have no idea, you’re not alone. “There is still so much confusion with financial terms,” said Ashley Guerra, chief compliance
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Kenneth Fisher, founder of Fisher Investments. Jonathan Fickies | Bloomberg | Getty Images Individual investors at Fisher Investments transferred $20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors. The development was disclosed on a conference call
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