In the treacherous world of finance, where investors confront biased advice, hidden costs and onerous fees, one investment giant seems to stand apart — the Teachers Insurance and Annuity Association, also known as TIAA. Calling itself a “mission-based.
At its core, the rule requires all financial advisors working with retirement investments to act in their ... planning—work for which they were previously compensated by mutual fund commission. Those commissions caused some of the industry’s conflicts.
This legacy profession now faces a changing working environment which is squeezing financial advisors. These six broad categories illustrate the trends impacting the profession. With the shift from defined benefit plans to fund workers’ retirement to.
When the Employee Benefits Research Institute asked people in a survey what was the most helpful thing they did to save, most said it was hiring a financial adviser . Ray Ringston, 79, says hiring his financial adviser was one of the best moves he's made.
LPL Financial is imposing its will on 20 mutual fund firms by reducing their upfront charges and their ability to deal directly with the several thousand LPL advisors who affiliate primarily as stockbrokers. ... The new fund superstore replaces an old.
However, in some instances you may have to pay a termination fee. Before you ditch your current ... If you have one of these funds with your old firm, you may have to pay a contingent deferred sales charge should you choose to make the switch before.
Transamerica Life Insurance Co., Lincoln Financial Group, MetLife Inc., American International Group, Pacific Life Insurance Co. and Jackson National Life Insurance Co. were among those experiencing the largest annual losses: -45%, -42%, -39%, -31.
The Department of Labor's fiduciary rule has not yet fully taken effect, and already retirement savers are feeling the burden. Both the financial services industry and the public have seen in real time the negative effect that the rule has had on.
still “rely on a financial advisor exclusively, or for a significant portion, of their investments,” if you exclude funds held through employer-sponsored retirement plans — those represent “an estimated 26% of mutual fund assets.” What has.
Indeed, financial advisers hear things every day that give us chills — from clients, prospective clients and people on the street. Here are a ... When someone who comes to our office has more than enough money to retire with the lifestyle they want.
Indeed, the sale of high-commission annuities has been flagged as one of the more egregious ways that financial advisors fail to act in their clients ... The fees charged for the underlying investments — usually mutual funds — can be high.