Industry

The Labor Department is receiving a deluge of feedback from advisers and investors on whether to revise its controversial regulation.

The new executive will lead a team counseling advisers on how to comply with the DOL rule.

The Labor Department has indicated that further revisions to the regulation could be forthcoming.

"It’s never been a better time to be a seller," says investment banker Liz Nesvold.

This year has seen more moves, bigger moves and more expensive moves.

Daniel Wani will command a team of 18 wealth management professionals providing a range of services to wealth clients in both states.

Only about 5% still charge them, according to a Financial Planning study.

Regulators are contacting the bank after financial details of some 50,000 clients were inadvertently sent to an outside party, according to a person with knowledge of the matter.

Social Security numbers and portfolio information for some high-net-worth clients and advisors was provided inadvertently as part of a lawsuit.

Firms still rely heavily on commission income despite drops last year.