The House Financial Services Committee on Thursday released a draft bill that would establish one or more self-regulatory organizations (SRO) to oversee investment advisors.

If markets continue to be volatile after Standard & Poors downgrade of U.S. debt to Double-A+, pension funds will attempt to minimize their losses and buy bonds, says Brett Goldstein, president of The Pension Department in Plainview, N.Y.

The Senate passed, 74-26, on Tuesday the compromise legislation to raise the debt ceiling and cut the deficit that President Barack Obama and congressional leaders agreed to on Sunday.

Cerulli Associates has identified six niche segments of the retirement planning space that it says are experiencing burgeoning growth and present asset-gathering opportunities for advisors.

Lawmakers told Phyllis Borzi, head of the Department of Labors Employee Benefits Security Administration (EBSA) on Tuesday, to repropose the agency's controversial regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA), because the definition offered is too broad and because EBSA failed to examine the...

July 21 not only marks the one year anniversary of the passage of the Dodd-Frank Act, but its also the date when the Securities and Exchange Commission (SEC) will turn its attention to crafting a fiduciary duty rule for brokers.

The National Association of Insurance and Financial Advisors (NAIFA) released a survey on Tuesday which found that since the economic meltdown, middle-income clients of advisors have become more interested in products with risk-protection components.

Phyllis Borzi, head of the Department of Labors Employee Benefits Security Administration (EBSA), fought back on Tuesday against criticisms EBSA has received regarding its controversial regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).