A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts ...

An Internal Revenue Code Section 529 (529 account) educational savings account can be an attractive investment vehicle, thanks to its tax benefits and flexibility. But a recent decision of the Court ...

The DOL's fiduciary duty rule requires firms to put investors first. The rule led firms to switch to fee-based accounts. Fee accounts could cost investors 60% more than commission accounts. When the ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Transcripts from a tough SEC hearing called earlier this month show it's not just the Department of Labor considering changes to the application of the fiduciary standard. The Securities and Exchange ...

Morningstar Retirement, part of Morningstar, Inc., this week announced a strategic collaboration with NPPG Plan Professionals to deliver personalized retirement offerings to employers through pooled ...

Many logistical issues remain for the pilot program that will open $1,000 investment accounts for newborn U.S. citizens. When investment accounts for newborns, now known as “Trump Accounts” after ...

Chip Castille, managing director at Wilshire, spoke with InvestmentNews about how sponsors can thoughtfully bring ...

As a first-generation American who grew up in a low-income neighborhood, I know the challenges that working families face in building a solid financial future for themselves. So, when the federal ...

The original DOL fiduciary rule, requiring all professionals offering advice on retirement accounts to place clients’ interests ahead of their own, infamously died in court last year. Recently, Labor ...