Sentences with phrase «such as a fiduciary»

For example, you can not buy a property, or invest in a secured loan, that involves yourself, a son, daughter, parent, or other disqualified party — such as a fiduciary or your sole proprietorship.

The rates of return on assets, and equity (despite the decline in leverage, moved modestly higher during the years 1966 - 1982 owing to a rapid expansion in non-interest income, such as fiduciary activities, service charges and fees, net securitization income, (and later investment banking, and brokerage).

The Court, with reference to Whiten v. Pilot Insurance Co., 2002 Carswell Ont 537, explained that an actionable wrong is «a breach of a distinct and separate contractual provision or other duty such as a fiduciary duty.»

At paragraph 82, the SCC noted that an actionable wrong can be established with a breach of a distinct and separate contractual provision or other duty such as a fiduciary duty.

Not exact matches

«Find out whether [the advisor is] in sales, via a broker dealer / insurance company, or will they act like a fiduciary, such as many affiliated with RIAs will be,» he said.

Most fiduciaries — individuals who are required to act in your best interest — believe you should fully fund other retirement vehicles first, such as a 401 (k), 403 (b), IRA or Roth IRA.

As a result, the Fiduciary Rule and the Impartial Conduct Standards in these PTEs will become applicable beginning on June 9, 2017, while other conditions in these PTEs, such as requirements to make specific written disclosures and representations of fiduciary compliance in investor communications, are not required until January 1, 201As a result, the Fiduciary Rule and the Impartial Conduct Standards in these PTEs will become applicable beginning on June 9, 2017, while other conditions in these PTEs, such as requirements to make specific written disclosures and representations of fiduciary compliance in investor communications, are not required until JanuaryFiduciary Rule and the Impartial Conduct Standards in these PTEs will become applicable beginning on June 9, 2017, while other conditions in these PTEs, such as requirements to make specific written disclosures and representations of fiduciary compliance in investor communications, are not required until January 1, 201as requirements to make specific written disclosures and representations of fiduciary compliance in investor communications, are not required until Januaryfiduciary compliance in investor communications, are not required until January 1, 2018.

The President directed that if the Department makes an affirmative determination as to any of the above three considerations, or the Department concludes for any other reason, after appropriate review, that the Fiduciary Rule, PTEs, or both are inconsistent with the priority of the Administration «to empower Americans to make their own financial decisions, to facilitate their ability to save for retirement and build the individual wealth necessary to afford typical lifetime expenses, such as buying a home and paying for college, and to withstand unexpected financial emergencies,» then the Department shall publish for notice and comment a proposed rule rescinding or revising the Fiduciary Rule, as appropriate and as consistent with law.

Thus, the fiduciary definition in the Rule published on April 8, 2016, and Impartial Conduct Standards in these exemptions, are applicable on June 9, 2017, while compliance with other conditions for covered transactions, such as the contract requirement, in these exemptions is not required until January 1, 2018.

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.

Around the same time, Quaker values such as peace, simplicity, integrity and justice, helped steer the Friends Fiduciary Corporation into established guidelines that avoided investing contrary to values and mission.

Chetney expects much of the demand for the new Morningstar service will come from independent broker - dealers such as LPL, Commonwealth Financial Network and Cambridge Investment Research, which could mandate that their advisors use a third party to assume the fiduciary responsibility for defined contribution plans.

The PBO believes that Parliament is losing control over its fiduciary responsibilities, as set out in the Constitution, by approving legislation without knowing the full impact such legislation will have on the budgetary projections

«Financial intermediaries, such as asset managers and fiduciaries, can make use of our new offering to successfully differentiate themselves in the market and add value for their clients.»

Furthermore, the DOL Rollover Opinion indicates that advisors providing such fiduciary advice, even if inadvertently, will also be treated as subject to the restrictions described in the Rollover Opinion.

However, consistent with the Rollover Opinion's reliance on the Supreme Court decision of Varity v. Howe [1], many believed that an advisor engaged to provide plan - level fiduciary services, would not be acting as a fiduciary when acting in a wholly separate non-fiduciary capacity, such as selling personal rollover services unrelated to its status as a plan fiduciary.

Jack Bogle spoke to the Chairman about the need to apply the universal fiduciary standard to institutions (such as the mutual fund managers) and not only retail customers.

«Fiduciary» is such a boring word that it turns people off, so think of it as a banana.

The greater the proportion of such reserves (plus vault cash) relative to their outstanding deposit liabilities, the more of the outstanding deposit money is in fact represented by «covered» money substitutes as opposed to fiduciary media.

With our fiduciary responsibility, you can rest assured that we will work for your best interests, providing you with sound advice regarding financial tools such as stocks, bonds, mutual funds, and exchange - traded funds.

As such, fiduciaries need to have ready access to insights on information on corporate behaviors that can effect their investments.

As such, SIFMA's is trying to overlay Wall Street's product sales model on to the Advisers Act fiduciary advice model.»

Depending on an investor's fiduciary status, cryptocurrencies may not meet regulatory requirements such as know - your - customer (KYC) rules.

Many advisers currently sell their value as managing assets and charge as such and I do not believe that serves the investor well, even if the adviser is a fiduciary.

Indeed, the bill is so poorly worded, some of them said, that it could be interpreted as abolishing basic property rights where museums are concerned and mandating the deaccession of such substantial portions of» their collections that they would be forced to abdicate their fiduciary responsibility — and thus be in violation of other laws.

«As a fiduciary of the New York City Employee Retirement System for the last 8 years, Scott has worked with his fellow trustees to grow the City's pension funds through prudent investments, improving diversification and ensuring more rigorous assessment of risks to investments such as corporate accountability and violations of environmental regulations.&raquAs a fiduciary of the New York City Employee Retirement System for the last 8 years, Scott has worked with his fellow trustees to grow the City's pension funds through prudent investments, improving diversification and ensuring more rigorous assessment of risks to investments such as corporate accountability and violations of environmental regulations.&raquas corporate accountability and violations of environmental regulations.»

On June 9, 2017, the DOL partially implemented its amended fiduciary rule (the «Fiduciary Rule»), which expands the definition of a «fiduciary» to apply to anyone that makes a «recommendation» as to the value, disposition or management of securities or other investment property for a fee or other compensation, to an employee benefit plan or a tax - favored retirement savings account such as an individual retirement account («IRA»)(collectively «covered account») will be deemed to be providing investment advice and, thus, a «fiduciary», unless an exceptionfiduciary rule (the «Fiduciary Rule»), which expands the definition of a «fiduciary» to apply to anyone that makes a «recommendation» as to the value, disposition or management of securities or other investment property for a fee or other compensation, to an employee benefit plan or a tax - favored retirement savings account such as an individual retirement account («IRA»)(collectively «covered account») will be deemed to be providing investment advice and, thus, a «fiduciary», unless an exceptionFiduciary Rule»), which expands the definition of a «fiduciary» to apply to anyone that makes a «recommendation» as to the value, disposition or management of securities or other investment property for a fee or other compensation, to an employee benefit plan or a tax - favored retirement savings account such as an individual retirement account («IRA»)(collectively «covered account») will be deemed to be providing investment advice and, thus, a «fiduciary», unless an exception applies.

With our fiduciary responsibility, you can rest assured that we will work for your best interests, providing you with sound advice regarding financial tools such as stocks, bonds, mutual funds, and exchange - traded funds.

A business can insure the individuals who act as fiduciaries of a qualified retirement plan, such as the company's directors, officers, employees and other natural person trustees.

Fiduciaries should identify factors such as investment horizon, an acceptable level of risk and expected return.

Many other developed countries, such as the U.K. and Australia, introduced fiduciary rules for advisers years ago.

Such voting responsibilities will be exercised in a manner that is consistent with the general antifraud provisions of the Advisers Act, as well as Broad Run's fiduciary duties under federal and state law to act in the best interest of its clients.

PFM announced an agreement to acquire the assets of Fiduciary Capital Management (FCM) that will allow PFM's asset management business to expand its services to include «stable value» investments to qualified retirement plans such as 401 (k) and 457 plans.

In other words, the rule would require such advisors to act as a fiduciary.

In selecting an investment product for a plan lineup, we believe plan fiduciaries must balance considerations such as participants» needs, tradeoffs between expected returns and risks, and objectives of the stable value investment option.

In some provinces, the law requires that a fiduciary, such as a trustee, may invest funds only in a list of securities designated by the province or the federal government.

In an ever - evolving fiduciary landscape, the tool aims to identify in real time issues that may put plan advisers at risk, such as the availability of lower - cost share classes.

And in my writing here, much as I try to be highly honest, I am not acting as a fiduciary, even though I still make my writings hold to such a standard.

«We believe this solution can help empower the adviser and the consultant to fulfill their fiduciary duties in areas such as plan design and investment selection.

However, one downside, the Center says, is that fiduciaries may stay clear of new innovations out of fiduciary fear, such as investment vehicles that provide lifetime income streams.

CONSTRUCTIVE RECEIPT: Although a taxpayer does not have actual possession of the proceeds, they are legally entitled to the proceeds in some manner such as having the money held by an entity considered their agent or by someone having a fiduciary relationship with them.

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

Entities such as trusts, partnerships, estates, corporations, associations, and fiduciaries are also able to buy paper savings bonds.

A Morningstar rating does not get at critical intangibles such as how seriously the mutual fund company takes its fiduciary responsibility to mutual fund shareholders.

A party in interest is someone directly or indirectly related to the plan such as the employer, plan fiduciaries, corporate officers, etc..

Just ask Shareen Balkey, who sees such changes in 401 (k) plans and the like as boosting the need for true fiduciaries to help both plan participants and... Read More

Since my views on what is best for Cooper Union are at such variance with others on the Board, I do not believe I can fulfill my fiduciary responsibilities and function as an effective board member.

The previous initiative saw hundreds of companies becoming signatories to the CDSB Statement on fiduciary duty & climate change disclosure and agreeing to work toward reporting climate change - related information in mainstream corporate reports, using a recognized international framework such as the CDSB Climate Change Reporting Framework.

And given the current state of the manufactured «paradigm» in climate science, a case could certainly be made that the management of any corporation at risk from a scientific change, such as the collapse of the current paradigm, has a fiduciary duty to investigate plausible potential challenges to that «paradigm».

In the absence of such a limit, fiduciaries should have broad access as soon as possible.