PLANADVISER Weekend Newsdash
Week ending November 2nd, 2018

Happy Friday! This weekend’s mailing focuses on the timely topic of practice management. Readers will likely not have to be reminded of the many challenges (and opportunities) facing retirement plan advisers today. Client expectations are shifting, regulatory uncertainty is the norm, and new tools and technologies are emerging every day. Collected below is a broad series of articles and research providing helpful context for understanding this demanding environment, including our latest proprietary report: The 2018 PLANADVISER Retirement Plan Adviser Survey. We hope you will share some of what you read with clients and colleagues.

Practice Management
The 2018 PLANADVISER Retirement Plan Adviser Survey
The 2018 PLANADVISER Retirement Plan Adviser Survey, our 12th such survey, delves into the many factors that advisers consider when selecting investment managers and recordkeeping providers. It also reveals what companies they most like to work with and have found to excel in various subcategories of services. Read more >
Registered Advisers Often Confused by Custody Reporting
Form ADV includes a number of questions about the custody of client assets; these questions continue to be a source of widespread confusion and inconsistent interpretations in the asset management industry. Read more >
Open MEPs Could Create Many Opportunities for Advisers
Should Congress or federal regulators eliminate the common nexus and bad apple rules that have held back open multiple employer plans, experts anticipate many more small businesses will jump in. Read more >
DISRUPTION: Time to Consider an OCIO for DC Plans?
GSAM Head of OCIO Greg Calnon says his firm is increasingly focused on supporting defined contribution plan sponsors; while pension plans are still the majority of clients, the outlook is evolving fast. Read more >
PANC 2018: Transformation in the Small Business Market
Significant transformation is happening in the small business retirement plan market; what does this mean for the fiduciary adviser community? Read more >
Closer Client Relationships Drive Greater Growth and Satisfaction
According to FPA, financial planners who engage in “know your client” behaviors gain deeper personal fulfillment from many more of their client relationships. Read more >
MOST POPULAR STORIES
Principal Reveals Eagerly Awaited Wells Fargo Platform Integration Strategy

Principal is incorporating capabilities from the Wells Fargo Institutional Retirement and Trust platform into its own proprietary recordkeeping system, which will serve Principal and transitioning Wells Fargo customers moving forward.

SECURE Act Ensnared in Senate After Flying Through House
Washington insiders say Senator Ted Cruz is probably the biggest roadblock to the SECURE Act being passed in the near-term under unanimous consent; among other issues, he wants the bill to allow people to use tax-advantaged 529 college savings accounts to pay for home school expenses.
Jumbo Imprudence Alleged in H.E. Butt ERISA Challenge

Plaintiffs says defendants failed to properly monitor and control the plan’s expenses, and allowed the plan to become one of the most expensive “jumbo” 401(k) plans in the country.

Fiduciary Advisory Firms Sue to Block SEC’s Reg BI

Two advisory firms argue they are harmed by the “best interest” rule because it causes them a competitive disadvantage with respect to broker/dealers, and because the rule will increase rather than abate investor confusion.

MIT ERISA Lawsuit Parties Announce Settlement

Trial was to begin on the case September 16.

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

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