Sentences with phrase «rollover recommendations»

The regulator also plans to continue monitoring suitability of investment recommendations, with a focus on individual retirement account rollover recommendations to participants in employer - sponsored plans.

None of our clients use a stock broker and insurance agent — which means they aren't affected by the rule at all unless their plan's financial advisor gives rollover recommendations in addition to investment advice.

To make impartial rollover recommendations, financial advisors must consider the fees, services and investments of both the participant's 401 (k) plan and IRA.

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

While level - fee investment advisers don't need to satisfy the BICE rules to give investment advice, they must satisfy certain BICE rules to give rollover recommendations, including:

In fact, a recommendation for a participant to take a rollover distribution would be viewed as fiduciary advice, even if the advisor does not include any actual investment recommendations along with the rollover recommendation.

In contrast to this Rollover Opinion, under the DOL's new and broader definition of fiduciary advice, any and all rollover recommendations would generally be viewed as fiduciary advice.

The one exception, and it is an important one, relates to rollover recommendations.