PLANADVISER Weekend Newsdash
Week ending January 12th, 2018

Happy Friday! In this, the second edition of PLANADVISERweekend for 2018, we focus on the always-timely topic of Investing. As readers are likely aware, this week the U.S. Securities and Exchange Commission signaled it may be ready to take the wheel from the Department of Labor in deciding how to proceed with the Obama-era fiduciary conflict of interest reforms. Expert attorneys have already weighed in about how the SEC could proceed differently, or not, from the DOL, and how the whole process may ultimately effect the way advisers are compensated for investment recommendations. Find the latest commentary and related articles and research below.

Investing and the SEC
With SEC Move Pending, New York Joins Other States Making Fiduciary Reforms
Regulatory developments in Nevada and New York show inaction at the federal level on clarifying advisers’ and brokers’ fiduciary duties is leading to a patchwork of state-by-state approaches to mitigating conflicts, real and perceived.  Read more >
SEC and DOL Face Hurdles in Fiduciary Collaboration
When it comes to the possibility of a uniform advice standard for advisers and brokers coming from the SEC, one attorney argues “things are still very much in a wait-and-see mode,” despite increased chatter among lobbying organizations about the possibility. Read more >
SEC Takes Aim at Bond Market Liquidity Issues in 2018
The U.S. Securities and Exchange Commission (SEC) released its agenda for the inaugural meeting of the Fixed Income Market Structure Advisory Committee. Advisers can offer up their suggestions for topics on which the committee should focus.  Read more >
Mutual Fund Performance Reporting for the 21st Century
A recent speech given by SEC Commissioner Kara Stein highlights the shifting landscape of mutual fund reporting, and how emerging technologies are reshaping the way investors will compare performance and costs. Read more >
Stable Value Lawsuits and the Goldilocks Zone
Even though there is no typical stable value fund, heading into 2018 there have been three typical types of lawsuits filed against fiduciaries offering stable value funds, according to ERISA attorneys with Mayer Brown. Read more >
Growth in TDF Market Underscores Proprietary Product Debate
The drivers behind a target-date manager offering open architecture most commonly include the belief that participants benefit from asset manager diversification and the need to outsource allocations to access best-in-class strategies. Read more >
MOST POPULAR STORIES
RIA Aggregators Aim for Small-Plan Market Expansion

OneDigital and Ascensus recently announced the availability of a ‘co-created small market solution,’ making OneDigital the latest adviser aggregator to launch a DC plan solution targeted at small businesses.

10th Circuit Affirms Great-West Fee Suit Dismissal

The district court ruling in the case, now backed by an appeals court, stands out for having been filed alongside a sanction declaring the plaintiff’s law firm Schlichter Bogard & Denton behaved “recklessly.”

‘Secure Act 2.0’ Likely to Become a Reality

Retirement Plan Execs Confident Senate Will Pass the Bill Into Law

T. Rowe Price CEO Change Reflects Financial Industry Trends

During a conference call held to discuss the pending retirement of Bill Stromberg, CEO of T. Rowe Price, leaders at the firm highlighted the growing importance of socially responsible investing and the need to improve diversity and inclusion in financial services.

ProCourse Fiduciary Advisors Acquired by MJ Insurance

Doug Prince will continue to serve as CEO of ProCourse after the acquisition, with the entire team of 13 remaining in the Carmel, Indiana, location.

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