Sentences with phrase «fiduciary standard offers»

Not exact matches

Second, DOL «then offers an exemption from this far - reaching prohibition — known as the best interest contract exemption (or «BIC» exemption)-- but conditions it on financial services firms and insurance institutions agreeing to subject themselves to fiduciary standards of conduct in contracts that they must enter into with their customers, as well as a range of other restrictions and requirements.»

Question: Will the fiduciary standard for brokers compel employers that offer salary reduction retirement savings plans ie 401 (k), 457 (b), 403 (b) to make sure that no - load / de minimis cost investment funds are on the plan's investment menu?

In addition, as with all advisors today who currently offer fiduciary advice, under the DOL rule, the advisor need not avail him or herself to the entire universe of products, but may determine the firm's «shelf» of product solutions that serve his business practice and clientele best — using standards for selection and adhering to them.

This past January, a Forum co-chaired by Paul Volcker and Arthur Levitt, and co-sponsored by the Institute for the Fiduciary Standard, posed the question, «Restoring Trust in Financial Markets: Does Jack Bogle Offer A Prescription?»

We are held to a fiduciary standard and offer an unbiased opinion to allow clients to understand what they own and if it meets their needs.

The fiduciary standard of care requires that a financial adviser act solely in the client's best interest when offering personalized financial advice.

«Retirees who elect to stay in the plan or who return to employment benefit from the plan's fiduciary standard of care, and maintain access to cost - effective, institutional investment offerings, often at lower cost than what is available to them in the retail marketplace,» the research highlights.

They are not do - it - yourself investors and we manage their money in a very low - cost way under a fiduciary standard, and we offer a credentialed, very highly trained advisor and a support person as their team to work with, and we execute an investment methodology that I'm sure we'll talk a lot about because this man sitting next to me is responsible for having invented quite a bit of it.