Practice

Merrill Lynch's John Thiel was pleased the new regulation addresses several "practical concerns" made during the comment period.

Banks and credit unions are not prepared for the onslaught of change that began Wednesday.

Industry groups takes side on the newly issued fiduciary rule.

One bank executive says "the beauty of the digital wealth management platform is that it can be offered at a very low cost."

Why some industry experts say long-term interest rates may soon reach historic lows; plus, will change come to the Social Security windfall elimination provision?

Rep. Ann Wagner of Missouri called on Congress "to stop this ill-advised rule."

The program allows retiring advisors and their junior brokers to work out their own financial arrangements during the first two years of the five-year program.

“A great win for the middle class," a proponent says, as others note the changes already occurring at planning firms.

The advisor often feels as if the bank's viewpoint is this: “Thanks for bringing us a revenue stream, now leave and be thankful we even gave you a job.”

Voices: The fiduciary rule is not complicated. If you don’t want the responsibility of being an advisor, don’t call yourself an advisor or imply you are one.