The Department of Labor released a final rule Monday that would delay implementation of the enforcement mechanisms of its fiduciary duty regulation until the middle of 2019. The rule would postpone from Jan. 1, 2018, to July 1, 2019, the applicability of a legally binding contract between brokers and retirement-account clients that requires brokers to […]

Doctors, lawyers, and certified public accountants in the United States are legally required to act in the best interests of the people they serve. Yet financial advisers get a free pass. There are more than 200 different designations for financial advisers, including “financial consultants,” “wealth managers,” “financial advisers,” “investment consultants,” “wealth advisers,” and — in […]

The quarter-point increase in the federal funds rate by the Federal Reserve Board likely will change some of the terms by which you borrow money or access credit. If you’re concerned about what this means for your own bank account, mortgage loan or credit card, here’s a breakdown of what may happen. see full article

The Federal Reserve raised a key U.S. interest rate for the first time in a year and signaled a more aggressive approach in 2017. In a widely expected move, the central bank raised its key short-term rate to a range of 0.5%-0.75% from 0.25% to 0.5%. The vote was unanimous. see full article