Two executives focused on institutional retirement business at
Merrill Lynch sit down for a fiduciary chat, offering inside views of one major
advisory firm’s approach to navigating regulatory uncertainty.
New research follows previous Cerulli analyses showing home-office discretion over advisory clients' investment exposures will increase significantly under the DOL fiduciary rule and other competitive pressures.
Leadership at both the DOL and SEC have signaled a willingness to work together to find complementary approaches to managing advisers’ conflicts of interest—but it will be a heavy lift to accomplish a uniform standard.
Nominating a plan sponsor client is a great way to show appreciation
and highlight important best practices that are improving outcomes for defined
contribution and pension plan participants. Nominations for all types of
retirement plans will be considered, so don’t delay.
The plaintiffs’ allegations regarding what they allege to be
an excessive amount of investment options was summarily tossed by the court,
which cites a number of important recent cases as precedence; however, claims
regarding excessive recordkeeping fees and providers will proceed.
From a rapidly evolving recordkeeping provider landscape to
a potential wholesale rewrite of the tax treatment of retirement assets,
today’s environment puts advisers and their clients in a constant
state of flux.
Joining a number of other regulatory agencies, the SEC has
issued important easements and compliance relief provisions for companies and
individuals impacted by three recent hurricanes striking the U.S. and its
In conversation with PLANADVISER, cybersecurity attorney and
former SEC staffer Marlon Paz suggests it is absolutely essential for advisory firms
to have a senior executive “not just appointed but also empowered” as the chief
information security risk officer.