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New reporting requirements allow the feds to focus on hard-to-value holdings in order to boost taxable required minimum distributions.

Mark Immel had been awarded $450,000 in arbitration but faced further legal battles.

Net income also dropped to $319 million, or 79 cents a share, from $373 million, or 89 cents, a year earlier, the firm reports.

Investors paid 61 cents for every $100 managed in 2015, down from 64 cents in 2014 and and 73 cents five years ago.

"Direct-to-consumer is not our model," says Scott Curtis, president, Raymond James Financial Services.

The new rules aren't the bonanza for lawyers first imagined from the DoL's fiduciary efforts.

Seeing "great bargains," advisors have been upping client allocations to equities.

FINRA scolded the firms for alleged operational systems, supervisory and recordkeeping deficiencies.

There's a window of opportunity before clients reach age 70 ½ to mitigate some of the bite.

Here’s how to avoid the convoluted interplay of factors that can lead to alarmingly high rates.