PANC 2018: DOL Audits of Retirement Plan Advisers
The DOL wants to ensure that retirement plan advisers are delivering on all services listed in their contracts with retirement plan sponsors.
Tag: Compensation
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.
Mesirow Financial Launches Level Compensation Platform
The firm will provide 3(21) and 3(28) services through a tech-focused solution.
A Closer Look at the BICE
A new report, “Everything You Wanted to Know About BICE But Were Afraid to Ask,” offers plan officials key insights on the requirements of the fiduciary rule and the best-interest contract exemption.
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.
LPL Retirement Leader Departure Reflects an Evolving Adviser Industry
There are some important implications for the future of the retirement
advisory industry in the organizational history of LPL Financial’s retirement
arm and its acquired businesses, particularly NRP.
Nationwide Rolls Out Fiduciary Rule Compliance Tools
Nationwide’s new DOL website will offer retirement plan advisers a suite of tools to help them navigate an evolving regulatory space.
UBS Signals Commitment to Asset-Based Compensation
UBS will offer multiple ways for retirement account clients to pay their adviser, including through asset-based and commission-based structures, beginning imminently.
Understanding Share Classes in DC Plan Funds
In the midst of ongoing litigation regarding excessive fees,
plan sponsors need an understanding of the different fund share classes
available and how they affect fee structure.
Product Restrictions, Platform Limitations, Drive Adviser Attrition
New Cerulli Associates research identifies “pain points” at
the root of advisers’ decisions to change firms—and what leadership can do to
address staff concerns before losing key advisers.
A Year of Opinion from PLANADVISER Magazine
Few know the Employee Retirement Income Security Act (ERISA)
as well as ERISA attorneys; at PLANADVISER, we’re lucky to rely on some of the
best in the business for insight and analysis.
Cambridge Will Keep Supporting Commission-Based Retirement Accounts
While a handful of firms are moving away from commission-based
retirement accounts in light of the DOL’s fiduciary rule, Cambridge Investment
Group says it will keep supporting these accounts as it develops its own
fiduciary strategy for its advisers.
NTSA Adopts Policy to Apply Fiduciary Rule to Governmental 403bs
“This policy is in keeping with NTSA’s long-standing support for effective and clear disclosure of fees, compensation and alternatives within 403(b) plans,” says NTSA Executive Director Chris DeGrassi.
Detailed Fiduciary Rule FAQ Published By DOL
Acknowledging that “smart regulation is only as effective as its
implementation,” the DOL has issued extensive guidance for
advisers and providers seeking to comply with the new conflict of interest
standards and prohibitions.
Merrill Lynch Will Cut Commissioned IRA Sales in Fiduciary Rule Response
The company is keeping other aspects of its response to the
rule under wraps for now, including operating and product
modifications likely to be required on the institutional retirement side.
PANC 2016: Fiduciary Rule Aftermath for Non-RIAs
There are many anticipated avenues of disruption associated with
the DOL fiduciary rule, but clearly the most direct influence will be felt at
the point of sale of financial products used in ERISA plans.
RIAs Need to Focus on Efficiencies to Drive Growth
After explosive profits in 2014, they declined sharply in
2015.
Solutions Help Advisers Stay Ahead of Fiduciary Reform
Working at the “only Millennial Top 10 bank” has its perks,
says Yvette Butler, President of Capital One Investing—perhaps most notably the
freedom to do things a little differently.
Fiduciary Rule Will Impact Business Practices
A white paper
from DST kasina LLC details how the DOL’s fiduciary rule could affect asset
managers.
Fidelity Warns Advisers to Get Smart on Firm Value
A new cut of the Fidelity RIA Benchmarking Study shows many
in firm leadership positions struggle to understand and articulate practice
value.