Thursday, April 18, 2024

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NEGATIVE IMPACT: Malcolm A. Makin, president of Professional Planning Group in Westerly, says the U.S. Department of Labor’s so-called “fiduciary rule” will hurt investors by forcing wealth managers to charge fees for unmanaged assets and make it difficult for young investors to find wealth managers. / PBN PHOTO/MICHAEL SALERNO

Rule curbing fees could squeeze wealth managers

The so-called “fiduciary rule” could curb expenses for retirement savers by $17 billion each year, but end up unfairly squeezing smaller players in the...
MICHAEL D. ICE is a finance professor at the University of Rhode Island. / COURTESY UNIVERSITY OF RHODE ISLAND COLLEGE OF BUSINESS

Five Questions With: Michael D. Ice

Michael D. Ice is a finance professor at the University of Rhode Island. Ice this year will take over teaching an investment portfolio management...
FINANCIAL ASSISTANCE: Roxana Mercado, right, financial-coaching fellow at Capital Good Fund in Providence, meets with her client, Gloria Orjuela of Providence. / PBN PHOTO/
MICHAEL SALERNO

R.I. has the highest percentage of poor people in New England....

Gloria Orjuela, a 53-year-old Providence resident, is disabled and living on supplemental-security income. Originally from Colombia, Orjuela has lived in the United States for 27...
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