Among other requirements, the new MSRB rule requires brokers, dealers and municipal securities dealers to disclose the state tax benefits that would not be available to the investor as a result of investing in an out-of-state 529 plan. Morningstar's new tool, the 529 Suitability Manager, enables advisers to present these and other disclosures to investors in straightforward, easy-to-read reports.
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In separate cases, two federal judges found that neither Wells Fargo nor LPL had a fiduciary obligation to look for clients' best interests with uninvested cash held in brokerage accounts.
10h ago -
Even after accounting for income, Black Americans still trail in retirement savings, according to a recent EBRI study. Advisors point to a mix of historic and systemic barriers that make the gap hard to close.
10h ago -
With a geographically spread-out workforce, Nate Byers of Calculated Wealth recognized the need to invest in defensive measures to keep client data safe.
11h ago -
Lack of communication can breed conflict, but offering an outside perspective can smooth over family conflicts.
July 1 -
The deal to buy Natixis' overlay management services comes amid a general push by the St. Louis-based firm to broaden its appeal to HNW clients.
July 1 -
The momentum is clearly accelerating behind registered investment advisory firms, but every individual team's choice requires careful consideration.
July 1