“Tax stuff is very complicated,” the Dude said.

Although the fiduciary rule is dead, its spirit and intent will live on.

SEC Chairman Jay Clayton is holding roundtable discussions regarding the agency’s best interest proposal.

Cook will serve as president and CEO and join the RIA’s investment committee.

Only 36 percent of stock-picking managers survived or outperformed their average passive peer over the past 12 months, according to Morningstar data.

One of the managing directors has been in the industry more than 40 years.

Culturally, it was “probably one of the easiest deals in the world.”