• Retirement Industry People Moves
      Transamerica hires RVP for large-market team; former Wells Fargo advisers open RIA firm; and past PIMCO and Goldman Sachs exec joins Retiree, Inc. The post Retirement Industry People Moves appeared first on PLANADVISER.... Read more »
    • PANC 2019: Risk Management for Advisers
      Expert attorneys and fiduciary insurance carriers demonstrate how advisers can put their best foot forward. The post PANC 2019: Risk Management for Advisers appeared first on PLANADVISER.... Read more »
    • Final Hardship Withdrawal Rules Issued
      The final regulations reflect statutory changes, including changes made by the Bipartisan Budget Act of 2018. The post Final Hardship Withdrawal Rules Issued appeared first on PLANADVISER.... Read more »
    • U.S. Weighs In on Supreme Court Consideration of Pension Case
      Both the U.S. Solicitor and the Pension Rights Center argue that current funded status of a defined benefit (DB) plan is not a proper measure for whether the participants have a right to sue for breaches of fiduciary duties and prohibited transactions under ERISA. The post U.S. Weighs In on... Read more »
    • PANC 2019: Multiple Employer Plans—Opportunity or Threat?
      The SECURE Act could make ‘open’ MEPs a reality—and a benefit to advisers if they are proactive. The post PANC 2019: Multiple Employer Plans—Opportunity or Threat? appeared first on PLANADVISER.... Read more »


    • Scalia Pressed Over Fiduciary Rulemaking, Multiemployer Funding
      Nominated to serve as Secretary of Labor, Eugene Scalia addressed numerous questions Sept. 19 about his past record representing various employer interests, as well as whether he would recuse himself in the forthcoming revamp of the DOL’s conflict of interest rule. ... Read more »
    • Terms of Safeway, Plan Consultant Settlement Suit Set
      The settlement terms of two fiduciary breach suits involving a 401(k) plan, its investment structure, plan consultant, and selection of target-date funds have been submitted for court approval.... Read more »
    • Beyond Plan Audit Compliance
      At a recent meeting of the Department of Labor’s 2019 Advisory Council on Employee Welfare and Pension Benefit Plans, American Retirement Association Chief Content Officer Nevin Adams offered a look at a new ARA effort to help plan sponsors better understand and fulfill their obligations as sponsor and fiduciary and improve the financial statement... Read more »

        fi360 Blog

      • 5 Ways to Modernize Your Next Recordkeeper RFP
        For many advisors, recordkeeper RFPs conjure up thoughts of endless amounts of documents, countless back-and-forth conversations with candidates, and immense amounts of effort and time. To help you form a better recordkeeper RFP process, here are five ways you can modernize your next RFP. For many advisors, recordkeeper RFPs conjure... Read more »
      • ICYMI - Aug. 2, 2019
        In Case You Missed It: Here is your roundup of recent news, webinars and information that made an impression on us.Fi360 is Accredited! The most exciting news we have shared since our last ICYMI blog post is the accreditation of Fi360 for the Accredited Investment Fiduciary® (AIF®) Designation by the... Read more »
      • Mario Giganti of Cornerstone Capital Advisors + Fi360
        Mario Giganti, president and senior advisor at Cornerstone Capital Advisors, talks about how he and his team use Fi360's tools and education to help their clients understand and build a prudent fiduciary process.“That’s where I believe Fi360 has been transformational. Its impact on other advisors and the fiduciary industry and... Read more »
      • ICYMI - June 28, 2019
        In Case You Missed It: Here is your roundup of recent news, webinars and information that made an impression on us.NEW Fi360 Webinars Are Live Since our last ICYMI blog post, we have hosted both the "Reg BI Cometh!" and "What Crayola Color of 3(16) Does Your Vendor Provide?". You can... Read more »
      • All Things Fiduciary
        Kathleen M. McBride, AIFA®, Founder, Fiduciarypath, LLC and CEFEX-certified analyst, talks about her journey from advisor to journalist to fiduciary ambassador. This article originally appeared in the 2019 Conference edition of Sage Magazine, an Fi360 publication.  My dad taught me about the meaning of fiduciary when I was about five... Read more »


      • A Proper Interpretation of the Investment Advisers Act's Fiduciary Standard
        To the reader.Following is my rather lengthy comment letter to the U.S. Securities and Exchange Commission (SEC) regarding their 2018 proposed interpretation of the fiduciary standards arising under the Advisers Act. In this letter I provide a more complete exploration of the investment adviser's fiduciary duties, under state common law,... Read more »
      • Advisers Face Perils When Firms Tell Them to Ignore the DOL Fiduciary Rule
        As I've been touring the country and speaking with advisers, I'm astonished at the number of broker-dealer and dual registrant firms that have, apparently, told their own advisers to "not worry" about the U.S. Department of Labor's "Conflict of Interest" (Fiduciary) Rules (and the related prohibited transaction exemptions, such as... Read more »
      • 8 Thoughts and 4 Questions on the DOL Fiduciary Rule and Its Impacts
        As I write this on Tues., 6/13, the fourth day of adherence to the DOL's fiduciary rules (i.e., its "Conflict of Interest Rule" and related prohibited transaction class exemptions) has been completed. And the world of financial services continues to revolve.Over the past few weeks I've had a number of... Read more »
      • On June 9th Strict Fiduciary Obligations to Arise for Advisors to Most ERISA, IRA Accounts: Are You Ready?
        April 13, 2017, REVISED June 2, 2017THE ADOPTION OF THE DoL's "DEFINITION OF FIDUCIARY" AND "IMPARTIAL CONDUCT STANDARDS" - NOW EFFECTIVE JUNE 9, 2017 - WILL HAVE LARGER IMPACTS ON FINANCIAL SERVICES THAN MANY MIGHT IMAGINE.It was a somewhat surprising, and yet brilliant, move, the U.S. Department of Labor ("DoL")... Read more »
      • The DOL Fiduciary Rule: Simply Great for the U.S. Economy, American Corporations
        Dear U.S. Dept. of Labor Secretary Acosta:Two very important considerations relating to U.S. Business and the U.S. Economy are often overlooked in discussions about the DOL’s Conflict of Interest Rule:FIRST - The Rule Benefits American Business, via Minimization of the Risks of Plan Sponsors.Currently firms that sponsor ERISA-covered qualified retirement... Read more »

          Schwab News

        • Schwab Advisor ServicesTM Announces Recipients of 2019 Operational Excellence Awards
          Dateline City: SAN FRANCISCO SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services announced the winners of its second annual Operational Excellence Awards that honor independent advisory firms for superior use of technology to increase firm productivity and efficiency, enhance and modernize the client experience, and shield employees and clients from fraud. Language: English... Read more »
        • Schwab Advisor Services Announces Recipients of the 2018 IMPACT Awards®
          Dateline City: WASHINGTON BEST-IN-BUSINESS IMPACT AWARD™ - JMG Financial Group PACESETTER IMPACT AWARD™ - Rebalance, LLC TRAILBLAZER IMPACT AWARD™ - The Colony Group BEST-IN-RETIREMENT BUSINESS AWARD™ - Fiduciary Investment Advisors, LLC WASHINGTON--(BUSINESS WIRE)--Schwab Advisor Services today announced the recipients of the 13th annual IMPACT Awards® for independent investment advisor firms.... Read more »
        • A Decade Since the Financial Crisis Began, Schwab’s Bernie Clark Champions the Rise of Independent, Fiduciary Advice
          Dateline City: WASHINGTON WASHINGTON--(BUSINESS WIRE)--Speaking to more than 5,000 attendees at Schwab IMPACT®, the largest and longest-running event for independent advisors, Bernie Clark, executive vice president and head of Schwab Advisor Services™, pointed to the industry’s trajectory of growth over the past decade and underscored the critical importance of independent... Read more »
        • Momentum Continues in Advisors Moving to Independence
          Dateline City: SAN FRANCISCO Twenty percent year-over-year increase in new independent advisor firms Schwab announces keynote lineup for IMPACT® 2018 in Washington, D.C.; Janet Yellen and other prominent thinkers to address attendees one week before midterm elections SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services today released its analysis of U.S. Securities and... Read more »
        • Schwab Advisor Services™ Unveils Plans to Expand Digital Account Open Feature
          Dateline City: MIAMI BEACH, Fla. Industry’s leading custodian deepens integration with Orion Advisor Services Schwab’s advisor tech team competes in Ascent/FUSE 2018 marathon coding event MIAMI BEACH, Fla.--(BUSINESS WIRE)--Today at the Orion Ascent conference, Schwab Advisor Services previewed its Digital Account Open tool, which will be in pilot for independent... Read more »

          TD Ameritrade News

        • Inclusivity. A win-win-win.
          When you do work that matters, in a way that reveals your values, you’re sending a message to everyone around you. As we’ve seen over the past few years, the values of a firm and its leaders can no longer be a secret. Or separate. They are intertwined with the... Read more »
        • How much gas is left in the tank?
          Markets have staged an impressive uptrend since the March 2009 lows, with the S&P 500 Index up nearly 320% over that time frame. Skeptics have been calling the top since 2010, not long after the rally began. Recently, however, signposts are appearing that may indicate changes on the horizon. Every... Read more »
        • Turbulent skies ahead for junk bonds
          Below investment grade corporate debt (“junk bonds”) can be an integral component of many portfolios’ composition and performance. They command a higher risk premium, as they are issued by companies that have uncertain financials, high debt levels, and/or poor earnings. As a result, their trading prices can be extremely volatile.... Read more »
        • Learn more about the SEC’s proposed advice standards
          Hard to believe it’s been more than 13 years since TD Waterhouse submitted a comment letter to the Securities and Exchange Commission expressing its concerns about the “Merrill Lynch Rule,” which allowed brokers to charge fees for brokerage accounts yet not answer to fiduciary obligations under the ‘40 Act. When... Read more »
        • Is King Dollar’s crown losing its luster?
          Over the last two years, we have seen major changes in the Federal Reserve’s monetary policy, unanticipated developments in U.S. fiscal policy reform and infrastructure plans, steady rises in U.S. Treasury yields, and tumultuous global geopolitical events. Yet these have largely been unable to sustain the 2013–2015 bull market in... Read more »

          Envestnet News

        • Envestnet | Tamarac Introduces Integration with RightCapital
          CHICAGO, Nov. 30, 2017 /PRNewswire/ -- Envestnet | Tamarac (www.tamaracinc.com) announced a new integration with RightCapital, Inc., a leading financial planning software platform for Registered Investment Advisors and independent broker-dealers. RIAs who use RightCapital to help their investor clients with financial and tax planning now will be able to pull... Read more »
        • Envestnet | Tamarac Launches a New Version of Its Comprehensive RIA Platform
          Upgraded Platform Combines its Award-Winning Portfolio Management, Client Portal and Rebalancing Capabilities into a Single Application CHICAGO, Nov. 14, 2017 /PRNewswire/ -- Envestnet | Tamarac announced today it has launched the Tamarac platform, a completely redesigned version of  its comprehensive portfolio and client management software solution for independent Registered Investment Advisors... Read more »