PLANADVISER Weekend Newsdash
Week ending September 1st, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! This weekend’s mailing focuses on the theme of Practice Management. The subject is timely given the newly announced extension of the DOL fiduciary rule implementation transition period, detailed below. You will also find helpful context and commentary from ERISA attorneys, leading researchers and top provider sales leaders. 
Practice Management
Indication of Second DOL Fiduciary Rule and BICE Delay Emerges
The Department of Labor and the White House have seemingly agreed to extend the applicability date of the full fiduciary rule and its accompanying exemptions by another year. Read more >
The Best Path Forward
Advisers who specialize in the micro retirement plan market—i.e., in plans with $10 million or less in assets under advisement—say that fee compression has made it more imperative than ever that they grow by expanding the number of clients they serve and their AUA. Read more >
IRA-to-IRA Transfers
Does the DOL fiduciary rule apply when I recommend that an IRA owner transfer his IRA account to one that I will advise? In a word, the answer is, yes. Any recommendation that an IRA owner transfer his IRA to one you advise is fiduciary advice and will require a thoughtful, thorough and well-documented fiduciary process along with an exemption from the prohibited transaction rules. Read more >
J.P. Morgan Retirement Link Sales Head Dissects Advisory Industry Progress
Charlie Cote, head of Retirement Link Sales at J.P. Morgan Asset Management, reflects on two decades of working with defined contribution retirement plan investors. Read more >
Average Age of Advisers Ticks Down
But, as the ranks of advisers nearing retirement grows, there is a need for formal succession plans, TD Ameritrade says. Read more >
More Advisers May Be Forced to Use Model Portfolios
Most executives interviewed by Cerulli believe that home-office discretion will increase as “underperforming advisers are identified and persuaded to use portfolios created by the headquarters consulting group.” Read more >
MOST POPULAR STORIES
Wait, SECURE 2.0 Might Not Pass?

The legislative package may be running out of time, suggested Senator Ben Cardin at the EBRI Retirement Summit.

Asset Managers Scramble to Offer In-Demand Investment Vehicles

Asset managers are replicating existing mutual fund investment strategies in separately managed accounts and collective investment trusts to meet demand from retirement advisers and sponsors, according to new findings from Cerulli.

Experts: More Hackers Going After Retirement Savings

Cybersecurity experts say they see an increase in theft of participant data from retirement plans, and warn about scams in cryptocurrency investments.

401(k) Robo-Adviser Blooom Shuts Services, Sells Tech to Morgan Stanley

A 401(k) robo-adviser with more than $5 billion in assets under management stopped servicing clients in November and has sold its technology to Morgan Stanley.

Near-Retirees May Be at Risk for Retirement Income Shortfall

A DCIIA report written by industry players looks at how rising interest rates and inflation are cutting into common retirement income tactics, as well as the new tools generating interest among plan fiduciaries and sponsors.

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