Sentences with phrase «new fiduciary»

Rochester labor and employment partner Christian Hancey and associate Jenny Holmes co-wrote this article on the Department of Labor's new fiduciary rule regulations.

But this doesn't exclude advisors from charging a commission, even under the DOL's new fiduciary rule.

Note: the new fiduciary rule applies only to advisors working with retirement accounts.

A key part of the new Fiduciary Rule, which redefines which investment professionals constitute a «fiduciary,» went into effect in June.

The new fiduciary rule could cover all investment accounts, benefiting discount brokerages such as Charles Schwab and TD Ameritrade.

Two leading executives discussed the new fiduciary rule, retirement readiness, income and more.

Here's the impact that the new fiduciary rules will have on financial advisors serving as advisors to 401 (k) and other defined contribution plans.

Read more about the new fiduciary... Read more

Advisors to President - elect Donald Trump have been vocal about rescinding the Department of Labor's new fiduciary rule, introduced earlier this year to protect retirement savers from advice that isn't fully in their best interests.

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

The new fiduciary rule is pushing more and more advisors away from sales commission compensation and toward fee based compensation.

With the new fiduciary rules it will be interesting to see how it plays out.

So we'll impose a new fiduciary responsibility on senior civil servants - a contractual obligation to save the taxpayer money.

One major means to comply with the new fiduciary rule is the best interest contract exemption (called a BIC or BICE), which allows advisors to receive commission - based compensation for retirement accounts.

The role of subcustodian banks is becoming more rigorous in response to regulations that impose new fiduciary responsibilities and far greater liabilities on global custodians.

A key part of the new Fiduciary Rule, which redefines which investment professionals constitute a «fiduciary,» went into effect in June.

Michael Zeuner spoke recently at a conference in Geneva, Switzerland in front of 150 bankers, lawyers, and trustees, about how the new fiduciary standard will impact trustees and advisors.

Rather than lobbying against the new fiduciary rule, brokers should be looking for new ways to deliver cost - effective and high quality advice.

On Thursday, March 30, at 4:15 pm EST, join David Trainer and WealthManagement.com's editor - in - chief, David Armstrong, for a webinar on how to turn the new fiduciary rule to your competitive advantage.

David Trainer will join WealthManagement.com's editor - in - chief, David Armstrong, to explain how to turn the new fiduciary rule to your competitive advantage.

On Wednesday (1/18/17), MarketWatch featured our op / ed on why the Labor Department still has to define the hardest part of the new fiduciary rule.

As expected, President Donald Trump issued executive orders Friday to revise the rules that implement the Dodd - Frank Act and instructed the Department of Labor to stop implementing the new fiduciary rule.

And with the DoL fiduciary rule effective date looming large in April of 2017, large broker - dealers may suddenly transition hundreds or even thousands of brokers into a new fiduciary obligation, all at once, with only perhaps some sales and product training, but not the training and education necessary to be capable of fulfilling their fiduciary duty of care!

The DOL's new fiduciary rule supersedes and replaces the DOL's existing rollover guidance as articulated in Advisory Opinion 2005 - 23A.

He'll give you informed insight into what the prospects are inside the Beltway for new fiduciary rules from the Department of Labor or the SEC.

As anticipated, financial services trade groups are said to be filing a lawsuit soon challenging the Department of Labor's new fiduciary rule.

Advisers need to examine their practices for IRA rollovers in the new fiduciary environment created by the Department of Labor's conflict - of - interest rule.

If accomplished, the Department of Labor's new fiduciary rules could be a much needed game - changer.

«Because IRA's are tax preferred savings accounts and not employee benefit plans, any new fiduciary rules regarding IRAs should be drafted by the Treasury Department.

Michael McNiven, PhD, Managing Director and Portfolio Manager discusses the Department of Labor's new fiduciary rule with respect to retirement investment advice.

As discussed above, the BICE is the primary means of relief for advisors who provide rollover recommendations under the new fiduciary rule.

Insurance companies will be tweaking their agent and advisor commission structures over the next 12 months to comply with a new fiduciary rule issued by the Department of Labor.

Additionally, he thinks the U.S. Department of Labor's new fiduciary rule will widen the number of defendants who are named in these lawsuits.

This measure, part of the new fiduciary standard's best interest contract exemption (or BICE), means advisors and others have to figure out how to best define reasonable compensation by April 10, 2017.

But even on that benchmark their interpretations vary — evidence, perhaps, of the depth and complexity of the legal questions raised with the finalization of the Labor Department's new fiduciary standard.

By April 2017, investment advisory firms will have to be in compliance with the Department of Labor's new fiduciary rule requiring them to adhere to a «best - interest standard» in advising their customers.

The new fiduciary standard mandated by the Department of Labor prohibits advisors from making recommendations that will cause compensation for their services to be more than «reasonable.»

Repeal is necessary to remove the DOL from the process to ensure a uniform application of any new Fiduciary standard.

Advisors take note: ERISA concepts are coming to IRAs under the Department of Labor's new fiduciary rule, and you need to change your practices accordingly before the April compliance date kicks in.

A new fiduciary standard applying to financial advisors of retirement accounts, including individual retirement accounts, is expected to be finalized by the Department of Labor within the next several months.

Not exact matches

Elle Kaplan is the founder and CEO of LexION Capital, a fiduciary wealth management firm in New York City serving high - net - worth individuals.

Particularly, it's worth examining the rise of the newest class of investor — the super angel — whose fiduciary interests seem to push founders into early exits.

The Department of Labor passed a new rule earlier this year requiring that financial advisors who work with clients on retirement plans abide by a fiduciary standard.

Elle Kaplan is the Founder and CEO of LexION Capital, a fiduciary wealth management firm in New York City serving high - net - worth individuals.

If you don't have the fiduciary standard, it's a little bit like walking down to the Ford lot and saying, «Do you think I need a new car yet or do you think I should keep driving the old one for another couple of years?»

The Department's decision to delay the applicability date of the Fiduciary Rule for 60 days and make the Impartial Conduct Standards in the new PTEs and amendments to previously granted PTEs applicable on June 9, 2017, is expected to produce benefits that justify associated costs.

When it adopted the Fiduciary Rule in 2016, the Department also granted the new BIC Exemption [25] and Principal Transactions Exemption, [26] to facilitate the provision of investment advice in retirement investors» best interest.

They would not be specifically required to meet other transition period requirements of these PTEs, such as to make specific written disclosures and representations of fiduciary status and of compliance with fiduciary standards in investor communications, designate a person or persons responsible for addressing material conflicts of interest and monitoring advisers» adherence to the Impartial Conduct Standards, and comply with new recordkeeping obligations.

These new exemptions provided broad relief from the prohibited transaction provisions for investment advice fiduciaries operating in the retail marketplace.

In early 2017, Americans for Annuity Protection will advocate for a new budget the does not appropriate the necessary funds to implement the fiduciary rule.