Warren Buffett’s biggest investment tip: Be wary of fees. At the annual meeting of his Berkshire Hathaway Inc., the billionaire warned about the enduring risk of derivatives, defended stocks in his portfolio and signaled that some of the company’s biggest …
U.S. brokers managing retirement accounts must adhere to tough new standards under an Obama administration rule released Wednesday that aims to protect millions of savers from conflicted investment advice. The Labor Department regulation, which gave the industry some concessions from …
Massachusetts’ chief securities regulator is pushing back against automated investment services, saying it’s not clear that they can act in the best interest of clients. So-called robo-advisers may be inherently unable to act as fiduciaries and perform the functions of …
American International Group Inc., the insurer seeking to cut costs under Chief Executive Officer Peter Hancock, said it will halt employees’ existing pension program in the U.S. and instead focus on 401(k) accounts. Pensions will freeze on Jan. 1, 2016, …
The Supreme Court’s decision to allow same- sex marriage nationwide will remove tax and personal finance headaches that have bedeviled gay couples. The 5-4 decision by the court (Obergefell v. Hodges) is a particularly significant victory for many residents of …
Brokers and insurance agents providing retirement-savings advice would have to put clients’ interests ahead of their own under an Obama administration plan that will face stiff opposition from Wall Street and Republican lawmakers. The Labor Department proposal announced Tuesday is …
Buying homes, getting jobs and borrowing money will be easier after an agreement by the three biggest U.S. consumer credit reporting services with New York. “This is huge,” Chi Chi Wu, an attorney at Boston-based National Consumer Law Center, said …
