Practice

The microinvesting site, which now has over 2 million accounts, allied itself with Clarity Money.

Fidelity already has a private fund in China, and BlackRock plans to launch one as well.

Investors want more clarity and better options when it comes to fees.

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

The most important consideration is that clients are able to complete the 35-year work period because benefits are based on the 35 highest-paid years from their careers.

The new hires joined a recently opened branch in Tuscon, Arizona, continuing a push west for the regional firm.

The new hire is part of the bank's push to expand the wealth management business.

"This is a challenging time for the firm with the DoL rule," CEO Paul Reilly said.

Clients should plan to replace roughly 80% of their pre-retirement income after they leave the workforce for good.

The move will streamline investigations and standardize sanctions, the regulator says.