PLANADVISER Weekend Newsdash
Week ending November 3rd, 2017
NOTE FROM THE EDITOR
Happy Friday readers! It has been quite a week for the retirement planning industry, with important actions taken on both tax reform and the fiduciary rule process. With so many developments, we thought it might be helpful to step back and take the 20,000-foot view of where the retirement plan advisory industry is heading. Collected below is a series of research reports and news articles offering helpful context for understanding the fast pace of change. 
Practice Management
2017 PLANADVISER National Conference Polling Insights
Presented here are the results of several dozen live polling questions fielded at the 2017 PLANADVISER National Conference, gathered during three days of highly detailed discussion of industry trends, challenges and best practices. Read more >
RIA M&As Increased 23% in the Third Quarter
Mergers and acquisitions in the RIA industry are setting new records for the fifth consecutive year. Read more >
Fiduciary Fitness: When Advisers Tout Their Own Services
The Department of Labor “fiduciary” definition delineates how to recommend an adviser who will be a fiduciary to a plan, a participant or an individual retirement account, without acting as a fiduciary himself. But what if I recommend myself and my investment strategies? Read more >
Compliance Consult: Pooling Investors' Assets
Pooling investor assets results in a number of efficiencies including significant cost savings. That said, advisers should be aware of certain considerations that arise depending on the types of investors that participate in pooled investment funds. Read more >
Number of New RIAs Grew 75% Between 2012 and 2016
RIAs established in 2016 had $55 billion in assets under management. Read more >
Inclusion, Diversity and the Noble Purpose of Advisers
The principal of financial adviser inclusion and diversity at Edward Jones reflects on her job leading the advisory company’s revamped diversity efforts—informed by her own first career as an adviser in the field. Read more >
MOST POPULAR STORIES
Supreme Court Rules Against Northwestern University in Fee Case

The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments to excuse allegedly imprudent decisions by the plan sponsor.

Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock

The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments under a group variable annuity contract.

What the Supreme Court’s Northwestern Ruling Means in Practice
Expert ERISA attorneys say the new opinion in Hughes v. Northwestern University, while important, is far from earth-shattering when it comes to its likely impact on the pace or character of retirement plan fee litigation.
Another Stressed Union Pension to Get PBGC Support

The plan was projected to run out of money at some point this year, but the special financial assistance from PBGC should prevent this outcome.

Advisers Can Address Participant Savings Gaps With New Retirement Readiness Calculator

The tool was launched to bolster retirement planning resources and offer personalized support, customized solutions and best practices. 

 

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