Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 11th, 2019

Sourcing Advisory Talent in Unexpected Places

A financial service firm like an advisory shop or a recordkeeper can put in place strong training programs that can help new people learn the ins-and-outs of the retirement plan business—the jargon, the complex commercial incentives and the customer expectations. However, training people to have empathy and to relate effectively to a diverse range of customers is another proposition entirely. Read more >
Tracking SECURE Act, RESA, DOL Developments and More
Among the SECURE Act’s—and RESA’s—provisions are those that would allow unrelated plan sponsors to band together in pooled employer plans, otherwise known as “open” multiple employer plans. Read more >
Buyer Beware!
There’s no such thing as standard adviser E&O ­insurance. Read more >
Are Personal Advisers ERISA Fiduciaries?
In providing ongoing investment advice about the client’s 401(k) plan account, you probably act as a fiduciary under ERISA. If so, you have a duty to act prudently and solely in the interest of the client. Also, you need to be mindful of the prohibited transaction rules. Read more >
MOST READ ARTICLES
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Issues That Can Trigger a Lawsuit Over TDFs in Retirement Plans
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Upset in FINRA Board Large Seat Election
3
SECURE Act Ensnared in Senate After Flying Through House
4
The Next Generation of Producers Is Emerging
5
Rollover Mechanics and the Most Common Mistakes
Leafhouse Packaged Solution Helps Advisers Support Plan Sponsors
The advantages of working with FlexPrecision allow financial advisers to concentrate on market opportunities and to cultivate new business. Read more >
Coaching the Committee
If your clients’ retirement plan committees fail to get the training they need, the Department of Labor and IRS may take notice. Read more >
Market Mirror
Yesterday, the Dow was up 78.74 points (0.30%) at 26,062.68, the NASDAQ climbed 81.07 points (1.05%) to 7,823.17, and the S&P 500 increased 13.39 points (0.47%) to 2,886.73. The Russell 2000 gained 9.17 points (0.61%) to close at 1,523.56, and the Wilshire 5000 closed 153.14 points (0.52%) higher at 29,698.68. The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.144%. The price of the 30-year Treasury bond decreased 11/32, bringing its yield up to 2.625%.

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

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

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