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.
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.
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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.
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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.
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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.
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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.
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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.
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