PLANADVISER Weekend Newsdash
Week ending October 19th, 2018

Happy Friday, readers! Please note that today is the deadline for making nominations for the 2019 PLANSPONSOR Retirement Plan Adviser of the Year awards program. If you work with or for, or know of, a great plan adviser or plan adviser team, please help us recognize the best in the business. It doesn’t take long to make a nomination—more comprehensive information will be solicited from the candidates later this year. Thanks for your help! 

Editor's choice
2019 PLANSPONSOR Adviser of the Year Nominations Close Friday
The nomination process is still open for the 2019 PLANSPONSOR Retirement Plan Adviser of the Year Awards, but not for long! The nomination form will only be available through Friday at 11:59 p.m. EST.  Read more >
The Roll of the Adviser
It’s back to the old days for advising on rollovers, right? Maybe not. The Department of Labor (DOL)’s revised fiduciary rule, vacated by a 5th Circuit Court of Appeals mandate in June, no longer applies—but don’t be surprised if it has a lasting impact on how plan sponsors scrutinize rollover advice from advisers. Read more >
Advisers Need to Focus on Relationship Management, Vanguard Says
This means building trust by underscoring that they are acting in the client’s best interest and also getting to know them personally. Read more >
How Advisers Can Expand Their Prospecting Methods
With all of the lawsuits being filed against retirement plans, sponsors are more likely than ever to look for an adviser who can help them with their fiduciary responsibilities, says Brian Hart, president of Flackable, a public relations and digital marketing agency in Philadelphia. “Now is the time to invest in prospecting,” he says. Read more >
Future Faces of Advising
As a whole, the retirement plan industry needs to figure out a way to attract women and minorities to join the field, according to speakers at the 2018 PLANADVISER National Conference.  Read more >
MOST POPULAR STORIES
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
CAPTRUST Acquires Retirement Planning Practice From Plante Moran Financial Advisors

The ‘carve-out’ acquisition brings CAPTRUST’s assets under advisement to $400 billion and represents the continuation of an important retirement plan industry trend involving large, diversified financial services firms.

MassMutual Cites Scale in Agreeing to Empower Deal

The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.

2020 PLANADVISER National Conference
A New World and New Opportunities for Alpha
Pandemic-driven volatility has once again highlighted the relative virtues of active and passive management.
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