Sentences with phrase «new fiduciary rule»

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.

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.

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

The latest legal challenge to the Department of Labor's (DOL) new fiduciary rule comes from two national life insurance industry advocacy groups, who say they are reluctantly, but necessarily, attempting to halt the rulemaking.

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.

Eversheds Sutherland (US) attorneys Clifford Kirsch, Michael Koffler and Ben Marzouk discuss the SEC's new fiduciary rule proposal, which impacts the standard of care imposed on registered...

In just 5 - 10 minutes, your hosts will break down a dense topic like the Department of Labor's new Fiduciary Rule or the biggest problem with hedge funds today — and make it both easy to understand and fun to listen to.

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.

The DOL's new fiduciary rule and the Best Interest Contract Exemption will soon change that (see ThinkAdvisor's DOL Fiduciary Compliance resource page).

The final version of the new fiduciary rule, released this past April, will expand fiduciary responsibility to advisors of IRAs and 401 (k) plans, requiring them to adhere to new compliance protocols, an increased level of scrutiny on fees and advisor compensation and accelerated product shifts to fee - based and robo - advisory.

A new study by A.T. Kearney, «The $ 20 Billion Impact of the New Fiduciary Rule on the U.S. Wealth Management Industry,» estimates that the overall effect on the wealth management industry could amount to $ 20 billion in lost revenues by 2020, some 7 % of the industry total, and up to $ 2 trillion in shifted assets across industry players and formats.

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.

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.

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

«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.

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

Gabriel Hament, Foundations and Charitable Accounts 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.

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

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

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.

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.

In its first two FAQs on the new fiduciary rule, the DOL covered key topics such as conflicts of interest, exemptions, and investor rights.

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

The article explained why the Labor Department still has to define the hardest part of the new fiduciary rule.

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

Together, we've learned that a managed - account framework, where professional financial advisors «manage» the investment accounts, is a viable solution to help firms comply with the new fiduciary ruling.

However, the Securities and Exchange Commission appears to have stepped into the gap, with the agency's Commissioners recently voted four to one to propose a new fiduciary rule pursuant to their legal authority.

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.

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

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

The continued selling of commissioned products in retirement accounts under the new Fiduciary Rule increases the chances for more lawsuits.

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

Panel attendance was inconsistent and much of the discussion seemed to focus more on threats (from robo - advisors, passive products and the new fiduciary rules) than on opportunities.

The new fiduciary rule requires investment professionals, consultants, brokers, insurance agents and other advisers «to abide by a fiduciary standard — putting their clients» best interest before their own profits.»

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.

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.

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

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

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

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

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

The new fiduciary rule only has an effect on retirement accounts like 401 (k) s, IRAs or other retirement savings plans.