Sentences with phrase «fiduciary rule now»

With the Department of Labor (DOL) Fiduciary Rule now official, the mood in the wealth management industry has turned from anticipation and uncertainty to a focus on how best to comply.

Not exact matches

Since the Department of Labor finalized its fiduciary rule (now in limbo) last year, annuity sales have fallen dramatically as brokerage firms and advisors anticipate that the products may not pass muster under a tighter regulatory standard.

This fiduciary concept now applies to all advice given on retirement accounts, due to the Department of Labor's fiduciary rule.

Now it's the SEC's turn to step up on the fiduciary ruling.

It has been close to a year since the Department finalized the Fiduciary Rule and PTEs, and now with the additional extension of the applicability date contained in this final rule, there is little basis for concluding that advisers need still more time before they will be ready to give advice that is in the best interest of retirement investors and free from material misrepresentations in exchange for reasonable compensatRule and PTEs, and now with the additional extension of the applicability date contained in this final rule, there is little basis for concluding that advisers need still more time before they will be ready to give advice that is in the best interest of retirement investors and free from material misrepresentations in exchange for reasonable compensatrule, there is little basis for concluding that advisers need still more time before they will be ready to give advice that is in the best interest of retirement investors and free from material misrepresentations in exchange for reasonable compensation.

Saxon said during his remarks at the IRI event that in his conversations with DOL officials, he's stressed that if the fiduciary redraft — which the DOL has now pushed to a January 2015 release date — expands the definition of fiduciary under ERISA, then the department «has to make the [rule's] exemptions workable.»

Now that it has become clear that sales and recommendations with respect to fixed indexed annuity products will cause an advisor to become subject to the final Department of Labor (DOL) fiduciary rule, the real question has shifted to what advisors need to know in order to continue selling these popular products.

But that clarity is now blurring because of the upcoming Department of Labor fiduciary rule.

But retirement specialists are just what broker - dealers and plan sponsors need now given the new DOL fiduciary rule and the growing number of lawsuits charging plan sponsors with excessive fees (at MIT, Yale and NYU among others) or self - dealing (Franklin Templeton, Neuberger Berman, American Century, New York Life).

Fixed indexed annuity (FIA) products will now be subject to the best interest contract exemption (BICE) of the DOL final fiduciary rule, meaning that the advisor will be required to act as a fiduciary with respect to recommendations provided in connection with these products.

While the most disliked aspects of Department of Labor fiduciary rule are expected to be officially delayed any day now, lawmakers continue to push legislative alternatives.

The now - endangered fiduciary rule is based on a simple — and seemingly unarguable — principle: that in giving advice to clients with retirement funds, stockbrokers, registered investment advisers and insurance agents must act in the best interests of their clients... It simply doesn't seem like a good business practice for Wall Street to tell its client - investors, «We put your interests second, after our firm's, but it's close.»

CEFEX Now Verifies Conformity with DOL's Impartial Conduct Standards Please see the recording of our webinar held on February 1, 2018 Our speakers reviewed how the CEFEX assessment addresses the requirements of the DOL's Fiduciary Rule.

Register to attend the ThinkAdvisor / National Underwriter Co. webinar on Aug. 24, The DOL Fiduciary Rule: What Now?

Plaintiffs in the court case that threw out the Department of Labor's fiduciary rule declared «complete victory» against the rule and said the way is now clear for the Securities and Exchange Commission to create a new standard that would apply across financial disciplines.

The DOL's new fiduciary rule is now in effect.

Enjoy the current installment of «weekend reading for financial planners» — this week's edition kicks off with the news that the DoL fiduciary rule still isn't quite dead yet, with the attorney generals of three states now appealing to the full group of 5th Circuit judges to (re --RRB- consider their request to take up the defense of the DoL fiduciary rule after the Department of Justice declined to defend it themselves, suggesting that it's inappropriate that the judges who vacated the fiduciary rule itself should also be allowed to determine alone whether the states should be allowed to appeal their ruling.

The fiduciary rule issued last year by the Department of Labor (DOL) and backed by the previous administration is now under review at the request of the new administration and implementation may be delayed.

Regardless of the DOL fiduciary rule going into effect, clients now expect their advisors to provide them with advice that is compliant with the fiduciary standard.

The Senate HELP Committee cleared Preston Rutledge's nomination earlier in December; now the full Senate has approved his nomination to a post in which he will play a critical role overseeing the retirement planning industry and the future of the fiduciary rule.

The new product, FeeX for Advisors, is now being used by Fortune 100 financial services companies to assist with compliance of the new Department of Labor (DOL) Fiduciary rule.