There is precious little time remaining for the proposal and adoption of any new advisory industry conflict of interest rules that the DOL hopes to make effective during this presidential administration.
If an adviser reduced their fee due to the receipt of 12b-1 fees, the SEC might not ask for any disgorgement; for instance, the SEC says, if an adviser regularly charges an annual management fee of 1.25% of assets but lowered that to 1% in light of the 12b-1 fees, the SEC says it is unlikely to ask for any disgorgement.
In a guest article written for PLANADVISER, Thomas Dodd, executive director of Pavilion Advisory Group Inc., compares and contrasts common retirement income strategies—including the pros and cons of each method, as viewed from the perspective of participants.
"In our experience, the way bond managers speak provides insight into their true thinking, underlying skills and biases," write Brett Wander and Jake Gilliam, two investing team leaders at Charles Schwab. "When we look for bond managers as sub-advisers, there are things we like to hear, but there are also things managers say that immediately trigger our alarms."
Almost any bill floated by a Democrat is going to be a long shot in the current political environment, but proposals submitted by Representative Richard Neal, ranking member of the House Ways and Means Committee, enjoy broad support among the investment business and lobbying community.
The
diversity of investment options available for today’s 401(k) plans can be
overwhelming, so it is important for employers to understand the nuts and bolts
of the investments they’re choosing.
Societal concerns are gaining more attention, and with that visibility, more companies and 401(k) participants are looking to invest their money in a cause they believe in.
One of my fondest memories as a kid, and I remember it like it was yesterday, is lying next to my brother in the back of my dad’s Rambler station wagon.
For four decades, the Employee Retirement Income Security Act of 1974 (ERISA) has provided a durable federal framework for employers that sponsor health and retirement benefit plans for workers.
Forty years ago on September 2, in response to
failing companies resulting in workers losing pensions, sweeping legislation
designed to protect workers from losing their earned retirement income was
signed into law.
Successful financial advisers who work primarily with employer-sponsored retirement plans, also known as specialist advisers, guide plan sponsors through the sometimes-complicated landscape of managing their company retirement plan.
Want to see industry insiders instantly
divide? Ask if a retirement plan adviser can assist participants in rolling
assets out of the plan and into an IRA.
When I was a youngster many years ago, my mother taught me to look both ways before crossing the street. I was precocious and told my mother that on a one-way street, I only had to look one way.