May 17, 2017

Private Equity Struggling to Make a Comeback in the 401(k) Era

Back in the day, when defined benefit pension schemes were the norm in corporate America, private equity firms had no trouble selling their funds to pension operators capable of designating a certain amount of retirement funds to long-term projects without fear of customers attempting to liquidate their assets. Now we are in an era in which defined-benefit pensions have been largely replaced by 401(k)s and pension operators have given way […]
May 15, 2017

Why Are Fee-Based Clients Afraid of DOL Fiduciary Rule?

In light of the pending Department of Labor (DOL) fiduciary rule set to take effect in June, J.D. Power recently surveyed more than 1,000 investors to find out their thoughts about the new rule and its potential impact on their own circumstances. Much to the surprise of the industry, the majority of full-service, commission-based investors are not too keen on switching to a fee-only plan. Financial advisors and broker-dealer firms […]