PLANADVISER Weekend Newsdash
Week ending January 25th, 2019

Happy Friday, readers! In this weekend’s newsletter we put a spotlight on the latest print edition of PLANADVISER Magazine. The issue features timely coverage of compliance matters, investment trends and client service strategies. In addition, top ERISA attorneys offer analysis of important regulations and court cases. We hope you will share some of what you read with a client or colleague.

Editor's choice
Cover Story: Smart Design
Striking the right balance between client service and profitability is more of an art form than a science, but it is an important exercise for every retirement plan advisory practice to utilize. Blue Prairie Group LLC took a deep look into this issue last year, tracking how many hours the team spent working on each client’s plan, who did what, as well as rating the difficulty of working with each client. Read more >
The SEC on Rollovers
The SEC says that an RIA is a fiduciary with duties of loyalty and care. That applies to all advice, including recommendations to take money out of a plan and roll it into an IRA with the adviser. To satisfy the duty of loyalty, the RIA must disclose conflicts of interest, including conflicts resulting from rollover recommendations. To satisfy the duty of care, the RIA should have policies and procedures for rollover recommendations that support the collection and evaluation of relevant information about the plan and proposed IRA and the assessment of whether the rollover aligns with the client’s profile. Read more >
Compliance News
The IRS has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Read more >
Retirement Income Options
From his seat on the Institutional Retirement Income Council (IRIC), John Pickett sees what he calls “the next frontier of the DC [defined contribution] business”: systematic distribution for participants from the retirement plan. And, as with automatic plan design, advisers are in a key position to urge plan sponsors to embrace it. Read more >
R-6 Share Classes Hit $1.5T
The zero/zero class has grown 15% since last year. Read more >
Addressing Participant Concerns
If a sponsor does not respond, it could risk a civil and/or DOL lawsuit. Read more >
Weathering Audits
The DOL has extended the scope of its examinations. What should plan advisers know about these audits, and how can they help a client that needs to undergo one? Read more >
MOST POPULAR STORIES
TOP 100 Retirement Plan Advisers
Noteworthy retirement plan specialists, based on number of plans and total assets under advisement.
What Is a DOL Adviser Investigation Like?
The number of Department of Labor investigations of financial advisers has steadily increased over the years; here is a primer on the DOL’s sources of authority, and what to expect when examiners come knocking.
Managed Account QDIA Mechanics Challenge Plan Sponsor Clients
ERISA attorneys and plan design consultants say they are hearing more questions from sponsors about using managed accounts as a plan’s default investment, but the most common use case remains opt-in managed accounts.
Court Returns Mixed Ruling in Schwab ERISA Self-Dealing Suit

The detailed ruling comes after Schwab defendants moved to dismiss in part the plaintiff’s second amended complaint. 

Americans Worry About Running Out of Money in Retirement

CPA financial planners say Americans are also concerned about maintaining their lifestyle and not being able to meet rising health care costs.

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

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

Subscribe to Adviserdash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Global Custodian / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund / The Trade