PLANADVISER Weekend Newsdash
Week ending February 3rd, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! By now you’ve probably read that President Trump has signed an executive order aiming to delay implementation of the DOL fiduciary rule; while not unexpected, the order is still in a sense surprising. Many millions of dollars have been spent by providers pursuing compliance with the stricter standards set by the unraveling rule—and few would argue that the basic goal of the regulations, removing very real conflicts of interest in the advisory space, is not a worthy one. We here at PLANADVISER are left feeling deeply reflective and, frankly, a little uncertain about what is in store for advisory compensation models and the basic understanding of what constitutes conflict-free advice.
Editor's choice
Orders Emerging to Halt Fiduciary Rule and Dodd-Frank
Even before the new president’s order became public its contents were made know in the trade media: The DOL has been directly ordered to find a way to halt the implementation of the fiduciary rule. Read more >
Investment Industry Must Double Down on Fairness and Transparency
In the advisory environment of the future, technical compliance with lax conflict of interest standards does not ensure client satisfaction. The demand for transparent and conflict-free advisory models has many more proponents than the now-defunct Obama Labor Department.  Read more >
Shifting, Difficult Advisory Environment Demands a Strategic Vision
During a recent and wide-ranging conversation with PLANADVISER, executives at Lockwood Advisors, a Pershing affiliate backed by BNY Mellon, sounded unapologetically optimistic about the future prospects for registered investment advisers and their supporting service providers. Success will require new ways of thinking about the client relationship. Read more >
Disruptors Poised For Success in Retirement Space
Nearly one-third of investors globally say they would switch to Google, Amazon or Facebook for banking, insurance and financial advisory services. The research results underscore the importance of creating brand trust and establishing a sense of responsiveness and openness for customers.  Read more >
Brand Trust Dominates IRA Rollover Decision
Fees are often thought of as the prevailing factor in most retirement investment decisions, but new research suggests the destination of an IRA rollover is determined by more subtle considerations. Even as the DOL conflict of interest rulemaking fades, the twin roles of trust and transparency are increasingly important.  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.

‘Secure Act 2.0’ Likely to Become a Reality

Retirement Plan Execs Confident Senate Will Pass the Bill Into Law

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.”

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.

The Future of Health Care—and What It Means for Retirement Planning

As health care costs rise, there is more overlap than ever between health decisions and financial decisions. So much is obvious to forward-thinking financial advisers, but what is less clear is where health care itself is heading in the 21st century.

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