Investment Company Institute

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  Americans: Five-Minute Fee Disclosures, Please

  By Danielle Andrus, AdvisorOne  |  August 29, 2012

  Maybe there’s no sense arguing over disclosure rules: two-thirds of Americans spend less than five minutes going over their retirement plan disclosure documents, and 20% don’t read them at all, a LIMRA study found.

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  Retirement Planning Groups to SEC: Stop Messing With Money-Market Funds

  By Melanie Waddell, AdvisorOne  |  August 21, 2012

  In a joint letter to the SEC Tuesday, the ICI, FSI and others said the proposed changes would render the funds "far less desirable—if not unusable—for retirement savers."

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  Olivia Mitchell, Kent Smetters, Others Reveal Holes in Retirement Advice

  By Gil Weinreich, AdvisorOne  |  August 17, 2012

  Surveys show millions of people want to discuss retirement with a professional advisor. But a forthcoming book edited by Olivia Mitchell and Kent Smetters points to barriers to advice in the retirement marketplace.

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  FINRA Fee Increases May Raise Sticker Price on Financial Advice

  By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.  |  August 1, 2012

  FINRA’s proposed 25% increase in fees on financial service firms may become a reality within the next few months, and it is important that all financial advisors stop and take note of the potential consequences.

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  Schwab Marks Milestone With OneSource Mutual Fund Platform

  By John Sullivan, AdvisorOne  |  July 16, 2012

  Unveiled in July 1992 with eight fund families and 80 mutual funds, it now has 430 fund families and 4,400 no-load, no-transaction-fee funds.

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  Dodd-Frank Should Not Be Repealed: House Hearing Consensus

  By Melanie Waddell, AdvisorOne  |  July 10, 2012

  While they had many complaints about the Dodd-Frank Act, all of the financial services representatives testifying at a House Financial Services hearing stopped short of saying the law needs to be repealed.

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  SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’

  By Melanie Waddell, AdvisorOne  |  June 21, 2012

  SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still “pose a significant risk” to the nation’s economy.

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  SEC’s Money-Market Overhaul Faces Uncertain Future

  By John Sullivan, AdvisorOne  |  June 12, 2012

  SEC Chairwoman Mary Schapiro was stymied in her reform efforts last week, as a provision attached to a funding bill would require the SEC to study the situation once again.

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  The Fight Over 401(k) Fees

  By Danielle Andrus, AdvisorOne  |  June 8, 2012

  Retirement plan fees can cost participants nearly $155,000 over the life of the plan, said a recent white paper by Demos, a liberal think tank. ASPPA says the paper is wrong.

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  SEC’s Schapiro Adamant About Money-Market Fund Reforms

  By Melanie Waddell, AdvisorOne  |  May 11, 2012

  During a conversation between Schapiro and Mellody Hobson, president of Ariel Investments, at the ICI's annual conference, Hobson said the industry and the SEC were at “loggerheads” over the SEC’s plans.