Portfolio

Liquidations and delistings reached 98 in 2016, an all-time high.

Liquidations and delistings reached 98 in 2016, an all-time high.

While the bulk of the money flowed into products that track indexes, more than $50 billion was absorbed by active funds.

With a deep résumé representing Wall Street firms, Jay Clayton is seen as a business-friendly choice not expected to push major new regulations or ramp up RIA exams.

Proponents of defined-contribution plans envisioned them as supplements to defined benefit plans; they didn't anticipate that 401(k)s would largely replace pensions.

High-value targets include client names and account numbers. Protecting the information can also protect an advisory practice from regulatory penalties.

These popular choices for asset allocation also have a history of solid performance.

The new recruit, who started with the wirehouse's predecessor firm Smith Barney, has been in the industry since the late 1990s.

Here's how clients can get around income limits and continue making contributions. Plus, tips for updating a client's financial plan now and dramatically increasing wealth after the IRS gets paid.

On average, workers in 2015 put 6.8% of their salaries into 401(k) and profit-sharing plans, according to a recent survey.