Sentences with phrase «well as fiduciary»

He also performs estate and trust planning and administration, as well as fiduciary claim litigation and ancillary administration.

Ms. Glazier has represented contestants and proponents of estate planning documents, as well as fiduciaries, in significant trust litigation proceedings.

Ms. McClatchey focuses on the representation of ERISA healthcare plans, as well as their fiduciaries and plan participants in healthcare reimbursement disputes.

She has represented contestants and proponents of estate planning documents, as well as fiduciaries, in significant trust litigation proceedings.

Not exact matches

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.

If your adviser is an investment adviser and governed by the federal Securities and Exchange Commission, the adviser serves as fiduciary to you and must put your interests above his own and act in your best interest.

And yet we expect these directors as fiduciaries to oversee shareholder investments and the company's best interests.

If your advisor is an investment advisor and governed by the federal Securities and Exchange Commission, the advisor serves as fiduciary to you and must put your interests above his own and act in your best interest.

The change to «employee owned» would require the CEO and board members as fiduciaries, now would have the duty and the opportunity to promote good corporate governance to protect the assets under their care, and because the corporation is at least 51 % employee owned the focus would be not just the bottom line.

Part V, as amended, requires that prior to an extension of credit, the plan must receive from the fiduciary written disclosure of (i) the rate of interest (or other fees) that will apply and (ii) the method of determining the balance upon which interest will be charged in the event that the fiduciary extends credit to avoid a failed purchase or sale of securities, as well as prior written disclosure of any changes to these terms.

In addition, Section II (h) of the BIC Exemption is amended to delay conditions for robo - advice providers that are Level Fee Fiduciaries other than the Impartial Conduct Standards, which are applicable on June 9, 2017; these entities are excluded from relief in Section IX but the Department determined that the transition relief should apply to them as well.

Finally, because the Impartial Conduct Standards will become applicable on June 9, 2017, the Department believes that firms will make efforts to adhere to those standards, motivated both by their applicability and by the prospect of their likely continuation, as well as by the impending applicability of complementary consumer protections and / or enforcement mechanisms beginning on January 1, 2018, depending on the results of the Department's review of the Fiduciary Rule pursuant to the President's Memorandum.

We represent some of America's largest corporations, as well as investment managers, that, as fiduciaries, represent millions of individual savers and pension beneficiaries.

Betterment prides itself on its ability to give retirement advice as a fiduciary, as well as its sterling customer service record.

Level fee fiduciaries are those who receive a set percentage or specific dollar amount (rather than a variable commission) and are not subject to the more stringent aspects of the best interest contract exemption, as they are specifically exempt from the formal written contract requirement.

As a critic of the Fiduciary Rule, it's a good bet that President Trump ordered the DOL analysis to build a case for overturning it.

Fixed indexed annuity (FIA) products will now be subject to the best interest contract exemption (BICE) of the DOL final fiduciary rule, meaning that the advisor will be required to act as a fiduciary with respect to recommendations provided in connection with these products.

If the Fiduciary Standard is applied to brokers as well as financial advisors as has been discussed, there will for sure be lots of change, but to announce the death knell of the advice business is as ludicrous as saying there will no longer be a demand for teachers or doctors.

As I wrote back in January, the Fiduciary Rule, though well - intentioned, would inevitably limit the number of investment products available to retail investors.

The Department of Labor has issued technical corrections to the fiduciary rule, specifically clarifying whether insurance companies can use the best interest contract exemption as well as principal transaction exemption clarifications.

It's important because it draws attention to the fact that, unlike doctors and lawyers, many financial advisors are not legally obligated to act in their clients» best interests (this concept known as the fiduciary standard).

Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset - based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online / electronic products.

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.»

Dale Brown, FSI's president and CEO, stated on the call that FSI, as well as the other groups joining the suit, «has supported a uniform fiduciary standard since 2009 — before Dodd - Frank became law... but the Department of Labor's complex and unworkable rule will only harm the smaller investors it claims to protect.»

«I work with ERISA and know from experience that working with the fiduciary standard benefits the plan sponsor as well as the employee.»

Broker - dealers are helping investors make better retirement decisions as a result of procedural changes firms have made in preparation for the DOL fiduciary rule, according to a study done by state regulators on the Individual Retirement Account rollover market.

FSI, SIFMA as well as the Chamber have stated previously that they wouldn't rule out taking legal action against DOL's fiduciary rule.

The best among them probably viewed themselves as responsible fiduciary caretakers; they did not take reckless risks, because they knew that people trusted them and depended on them to keep their money safe.

With fiduciary advisors at the helm, sponsors and participants will benefit from improved plan design and investment options with lower costs, as advisors will be prohibited from designing plans loaded with higher costing options that are not in a plan's best interest.

He stated that the White House report is «at best simplistic and has some problems,» adding that as this fiduciary «process goes forward it's important to lay out all the facts.»

While the new DOL rules are principles based and do not provide discreet instructions as to what advisors should do to fulfill fiduciary duties, industry executive David Trainer said advisors can not lose with clients or regulators by incorporating research into their practice that is «inarguably in the best interest of clients.»

The availability of a streamlined version of the exemption for level - fee advisors makes selling fee - based products more attractive for advisory firms, which can be held liable for advisors who, as DOL fiduciaries, sell products that are not in the client's best interests.

Despite that distinction, President Barack Obama is one of her biggest fans: In his speech last year pushing the Department of Labor to press on with its fiduciary standard rule, he pointed out Garrett by name as an FA who puts the best interests of her clients first.

The broker raises some interesting points about the issues surrounding a fiduciary standard for brokers — and illustrates a few as well.

The renowned Fisher, speaking from his Camas, Washington, headquarters, talked annuities — «magical words,» lying, steep VA commissions — as well as a «fiduciary standard lite»; and he graded the Financial Industry Regulatory Authority.

The Department of Labor has issued back - to - back guidance, in the form of frequently asked questions, for advisors as well as for investors and workers regarding its fiduciary rule, which takes effect on April 10.

The rule requires financial professions of all types, including brokers, financial advisors or wealth managers, to act as a fiduciary, meaning they must act in the best interest of their clients.

A broker or adviser who serves as a fiduciary over your retirement assets doesn't necessarily have to act in your best interest when managing your other assets; make sure you ask.

At this point in time fiduciaries may be among the minority in the profession, but there's one out there who will surely look out for your best interests without conflicts — and who is willing to sign a legal document stating as much.

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.

As a fiduciary, however, the broker would have to show that his picks were in your best interest.

So, more regulation will continue like Healthcare Reform Act as well as DOL fiduciary rules.»

Regardless of laws and regulations, advisers not providing a fiduciary level of service place their entire business at risk, as investors will naturally migrate toward advisers providing a higher and better level of service.

As an independent fiduciary, Align scours the ever - growing landscape of impact investments to find the options in each asset category that best match your personal values and goals.

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.

The Enrollment Program also authorizes a superior court to have jurisdiction over enrollees by allowing it to «appoint a receiver, monitor, conservator, or other designated fiduciary or officer of the court for a defendant or the defendant's assets,» as well as authorizes the Commissioner of Business Oversight to «include in civil actions claims for ancillary relief, including restitution and disgorgement, on behalf of a person injured, as well as attorney's fees and costs, and civil penalties of up to $ 25,000» for up to four years after the purported violation occurred and «refer evidence regarding violations of the bill's provisions to the Attorney General, the Financial Crimes Enforcement Network of the United States Department of the Treasury, or the district attorney of the county in which the violation occurred, who would be authorized, with or without this type of a reference, to institute appropriate proceedings.»

If you are involved in the administration of your company's retirement plan, it is important to understand what your role as a plan sponsor entails, as well as how to delegate parts of your fiduciary responsibility if you choose to do so.

Many financial news sites, including The Washington Post, recommend finding a fiduciary advisor, as they are bound by law to make recommendations based on what is best for you, the client.

His practice focuses on cross-border tax and structuring, asset protection, multi-jurisdictional investment structures, as well as international tax controversy work for clients involving the use of trusts, foundations, insurance solutions, and other fiduciary arrangements.

The fiduciary standard is getting a lot of attention in the United States once again as the Department of Labour's rule requiring advisors to act in the best interests of their clients was denied by an appeals court