PLANADVISER Weekend Newsdash
Week ending January 5th, 2018

Happy Friday, readers! Welcome to the inaugural 2018 edition of PLANADVISERweekend. Continuing the topical approach we started last year, the first Friday of each month will focus on the topic of Practice Management. The second Friday, Investing; the third Friday of each month we will bring you articles focused on Client Service; and the fourth Friday’s mailing will be focused on Health Care and Other Benefits. Five Fridays in a month happen only quarterly, but that week our topic will be Retirement Income and Rollovers. We hope you enjoy this format and know you will find it helpful and informative. Happy reading!

Practice Management
Inclusion, Diversity and the Noble Purpose of Advisers
The principal of financial adviser inclusion and diversity at Edward Jones reflects on her job leading the advisory company’s revamped diversity efforts—informed by her own first career as an adviser in the field. Read more >
Adviser Choices on Participant-Level Fiduciary Recommendations
Plan sponsors do not need to offer, or facilitate offering, investment advice to participants if they are afraid to, based on fiduciary concerns. “But some sponsors really want to make sure they do everything they can for their participants—and that’s both a blessing and a curse for those sponsors,” says Jason Rothman, managing consultant at consulting firm Findley Davies in Cleveland. Read more >
Home Offices Must Get More Active In Staff Succession Plans
LIMRA data also shows that a little more than one-quarter of financial professionals are age 55 and older. “For many of these individuals considering retiring or taking a less active role in their business, their clients expect a seamless transition from one financial professional to the other,” LIMRA researchers note. “In fact, 99% of clients believe the financial professional they work with has a succession plan in place. In reality, only half of financial professionals report that they are prepared for a transition.” Read more >
Top Adviser Teams Practice True Collaboration
More than 60% of advisers say they work within a team structure, yet only one-third of teams regularly collaborate in their daily decisions and processes. Read more >
Cybersecurity Must Be C-Suite Concern at RIAs, Brokers and Managers
In conversation with PLANADVISER, cybersecurity attorney and former SEC staffer Marlon Paz suggests it is absolutely essential for advisory firms to have a senior executive “not just appointed but also empowered” as the chief information security risk officer.  Read more >
Many Asset Managers, B/Ds Don’t Trust Compliance Programs
“Because compliance has become so important to protecting the franchise, firms need to bring in third-party experts in the same way they have traditionally retained outside lawyers and auditors.  One bad exam and penalty could do irreversible damage to the reputations these managers have built,” says Todd Cipperman, founding principal of CCS. Read more >
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Bill Beardsley Exits LPL Retirement Partners Business

At the end of the day there just aren’t all that many people working on retirement plans, so it is only natural that firms will compete for and trade talent.

Participants’ Retirement Outlook Has Improved

Fifty-two percent think they will be able to retire at their ideal retirement age, and 52% say they either somewhat or strongly agree that their savings will last throughout their lifetime.

Rethinking Retirement Plans
A Flexible Approach to Providing Lifetime Income

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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