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        PLANADVISER

      • Retirement Industry People Moves
        Voya Retirement adds sales VP to Atlanta and South Carolina region; Thompson Hine LLP hires attorney to EBEC practice; HealthSavings appoints senior sales VP; and more. The post Retirement Industry People Moves appeared first on PLANADVISER.... Read more »
      • Shifting California Privacy Regulations Are Serious Business for Advisers
        This week, the California attorney general proposed a set of important changes to the California Consumer Privacy Act (CCPA), giving stakeholders until February 25 to submit their comments. The post Shifting California Privacy Regulations Are Serious Business for Advisers appeared first on PLANADVISER.... Read more »
      • Weighing 403(b)s versus 401(k)s for Nonprofits
        In most cases, the 403(b) is the better option. The post Weighing 403(b)s versus 401(k)s for Nonprofits appeared first on PLANADVISER.... Read more »
      • NAIC Approves ‘Best Interest’ Standard for Annuity Sales
        The National Association of Insurance Commissioners sees its new conflict of interest regulations as working in harmony with the Securities and Exchange Commission’s Regulation Best Interest. The post NAIC Approves ‘Best Interest’ Standard for Annuity Sales appeared first on PLANADVISER.... Read more »
      • Investment Product and Service Launches
        AssetMark Financial Holding moves to institutional share classes; AssetMark adds solutions to investing platform; iShares expands ESG initiatives; and more. The post Investment Product and Service Launches appeared first on PLANADVISER.... Read more »
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        NAPA

      • READER POLL: Does Participant Data Need a Policy?
        Taking a page from a earlier 403(b) university excessive fee settlement, the Schlichter law firm has made a new allegation of fiduciary breach in a 401(k) suit—the unauthorized use of participant data. This week we asked NAPA-Net readers what, if anything, they were seeing—and saying—on the subject. ... Read more »
      • Swisher Exits Pentegra, Launches Waypoint Fiduciary
        Pete Swisher, one of the retirement industry’s most respected voices, announced Feb. 13 the launch of Waypoint Fiduciary LLC, a “think tank, consultant, and expert fiduciary” for the U.S. retirement system. ... Read more »
      • Dear DOL: We Need to Know More About…
        Following up on a recent meeting with the Department of Labor, the American Retirement Association has outlined a number of items requiring additional guidance under the SECURE Act.... Read more »
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        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 »
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        SFP

      • 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 »
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        SECLaw Blog

      • SEC Proposes to Modernize Key Market Infrastructure Responsible for Collecting, Consolidating, and Disseminating Securities Market Data
        The Securities and Exchange Commission today proposed to modernize the infrastructure for the collection, consolidation, and dissemination of market data for exchange-listed national market system (NMS) stocks. The proposal would update and expand …Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • SEC Announces Nancy Sumption as Senior Advisor to the Chairman for Cybersecurity Policy
        The Securities and Exchange Commission today announced that Nancy Sumption will serve as Chairman Jay Clayton's Senior Advisor for Cybersecurity Policy. In this role, Ms. Sumption will coordinate efforts across the agency to address cybersecurity policy…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at... Read more »
      • SEC Charges Orchestrator of Cryptocurrency Scheme Ensnaring Physicians
        The Securities and Exchange Commission today filed charges against an Ohio-based businessman who allegedly orchestrated a digital asset scheme that defrauded approximately 150 investors, including many physicians. The SEC alleges that Michael W.…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • SEC Investor Advisory Committee to Meet on Feb. 27
        The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on Feb. 27.  The meeting will begin at 9:30 a.m. ET in the Multipurpose Room at SEC headquarters at 100 F Street, N.E., Washington, D…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • ABN AMRO Clearing Chicago Charged With Improper Handling of ADRs
        The Securities and Exchange Commission today announced that ABN AMRO Clearing Chicago LLC will pay more than $586,000 to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs are U.S. securities that represent…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at... Read more »
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          Schwab News

        • Schwab Adds Industry Veteran Tom Bradley to Advisor Services Leadership Team
          Dateline City: SAN FRANCISCO Former TD Ameritrade Executive to Oversee Core Advisor Segment and Future Integration SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced that Tom Bradley, who formerly served as president of TD Ameritrade’s Retail and Institutional businesses, will join its Advisor Services business as Senior Vice President, effective January 13,... Read more »
        • Head of Schwab Advisor Services Says RIA Industry Is at an Inflection Point
          Dateline City: SAN DIEGO  In keynote address at IMPACT®, Bernie Clark celebrates strength and resilience of independent advisors, encourages them to embrace change SAN DIEGO--(BUSINESS WIRE)--This morning from the mainstage at Schwab’s annual IMPACT® conference, Bernie Clark, executive vice president and head of Schwab Advisor Services, pointed to the $5... Read more »
        • Schwab Advisor Services Launches the Schwab Alternative Investment Marketplace™ Platform
          Dateline City: SAN FRANCISCO SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services today introduced the Schwab Alternative Investment Marketplace™ platform, which gives Schwab’s independent advisor clients access to third-party platform sponsors that offer menus of private funds. The new platform delivers a number of benefits for independent advisors, including removal of custodial fees,... Read more »
        • Schwab Advisor Services Announces Keynote Speakers and New Features Coming to IMPACT® 2019
          Dateline City: SAN FRANCISCO SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services™ today announced keynote speakers and new features coming to IMPACT® 2019, the largest and longest-running annual gathering of independent advisors in the nation. More than 2,200 independent advisors from across the country, along with hundreds of industry professionals, will gather at... Read more »
        • Following Strong Results, Schwab Advisor Services Expands Ad Campaign That Showcases Independent Advisors
          Dateline City: SAN FRANCISCO SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor ServicesTM announced it is redoubling its effort to raise awareness among investors of the merits of the independent advisory model through its ongoing “Independent Difference” national advertising and educational campaign. The multi-format campaign showcases independent investment advisors from around the country and... Read more »
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          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 »
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          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 »

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