U.S. energy stocks rebounded with a vengeance in 2016, with a handful of developments supporting strong enthusiasm for the industry. However, as with any instance of surging optimism, advisors would be well served to take a measured approach to investing in the sector.
Vanguard recently announcement that it has cut fees on certain index products and said the move is driven by its long-term commitment to offer low-cost funds rather than as a response to other firms cutting advisory expenses. That's according to Vanguard CEO Bill McNabb. So reports RIABiz.
In a recent letter, the Department of Labor is advising the financial industry that target date funds offered as annuities can be used as qualified default investment options in retirement plans. So reports ThinkAdvisor.