The Client: ERISA plans/institutional management
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July 13, 2017GOP Lawmaker Submits Bill to Kill DOL’s RuleLegislation would replace DOL’s fiduciary rule with best interest standard for retail advice brokers.
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July 11, 2017Is the DOL Backing Down on its Fiduciary Rule?
Last week, in the 5th Circuit Court of Appeals, the DOL filed papers effectively dropping its defense of the fiduciary rule’s class-action lawsuit provision. While the department insists it will defend the rule against an onslaught of legal attacks, is this nonetheless a sign the DOL's support for the rule is diminishing?
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July 6, 2017DOL Rule Opens More FAs to Negligence ClaimsA higher standard of care means more openings for regulatory and court cases.Last Comment: July 10, 2017
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July 5, 2017DOL Urges Court: Uphold Fiduciary Rule Despite ReviewGovernment’s brief nonetheless calls for vacating the rule’s anti-class-action provision.No Comments
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June 27, 2017LPL Bars Brokers from 401(k) Rollover AdviceHybrid advisors acting in a brokerage capacity will only be able to provide education on rollovers.No Comments
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June 13, 2017Are Clients Now Asking About the Fiduciary Rule?
After a bumpy ride — and more sure to come — the Department of Labor's fiduciary rule finally rolled out for partial implementation last Friday. But do clients know or care about the definition of a fiduciary, new disclosure rules or best interest contract exemption forms? Have you had any queries from your clients about any of these things? Give us specifics in the comments section.
Last Comment: June 13, 2017
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June 13, 2017Advisors Weigh in on Personal Meaning of FiduciaryFAs have their own ways of gauging how they adhere to the standard.Last Comment: June 13, 2017
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June 13, 2017Merrill Lynch Faces $25M Settlement Over 401(k) FeesCase involves failure to pass on mutual fund sales fee waivers.No Comments
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June 12, 2017What Does ‘Fiduciary’ Even Mean These Days?For some FAs, an expansion of definition equals an erosion of meaning.Last Comment: June 12, 2017
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June 12, 2017DOL Rule Implementation Leaves FAs No More CertainMany aspects of the rule won’t go into effect until next year and some may not survive the agency’s review.Last Comment: June 13, 2017
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