Practice

Our columnist says clear standards have been set on what constitutes unconflicted advice.

The Labor Department finalized an amended version of its fiduciary rule, providing wealth management firms a lengthier timeline for implementation as well as more relaxed requirements for the best interest contract exemption.

Jim Weddle, head of the firm, says the new regulation "will increase the public's trust and confidence in what we do for them."

Exclusive: Top Labor official says, “If we think there is some continued abuse that hasn't been adequately addressed, we'll figure out what to do."

While much of the wealth management industry cautiously mulled over the potential impact of the fiduciary rule, digital-first firms were quick to celebrate.

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?