DoL

The move will likely be seen as a win by the opponents of the regulation.

The door has closed for public comments on the board’s propositions. While some industry heavyweights commended them, critics call out contradictions.

The products protect clients against losses, but significant caveats emerge in the fine print.

Aug. 14: After following the industrywide digital-first movement in its acquisition of MyVest, TIAA is now examining how it serves its clients.

The department is asking the Office of Management and Budget to postpone the compliance date for 18 months for the best interest contract exemption and other aspects of the rule.

In addition to redesigning its business lines, the $48 billion firm is considering a robo, the president of its broker-dealer said.

Class-action lawsuits inspired by the DoL regulation “may go away,” says a prominent ERISA attorney.

A new industry snapshot highlights record firm count and AUM, while continuing steep client growth fueled in considerable part by the rise of robos.

CEO Dan Arnold said advisers’ uncertainty about the fiduciary rule is waning.

The rule has cost the firm tens of millions of dollars in compliance and lost revenue.