Portfolio

With competition to RIAs increasing, the financial services giant will promote the value of independent advice.

One approach enables clients retiring with large positions of highly appreciated company stock in their 401(k) accounts to save thousands on taxes.

Is it time to try for another target market? Or just become a generalist? Forsaking current branding and marketing should not be taken lightly.

Sanjay Valvani was one of four people accused of insider trading and reaping more than $32 million from trades in drug companies using secret tips, according to federal prosecutors.

How investors' fear of stock market turmoil may be shaping the future of certain ETFs.

Stable investors tend to downplay periods of performance and periods of underperformance.

Missed compounding opportunities, steep taxes and penalties and the possibility of forced early retirement, that's why.

"If you're a financial services company and you're not thinking of yourself as a financial tech company, then you're probably in a declining business model," says Rob Foregger, co-founder of NextCapital.

Some wirehouse branch managers have made the transition to the independent channel, but doing so takes careful planning, experts say.

Bill McNabb declined to speculate how low fees may go at his firm, which has the majority of its assets in passive funds.