+

        PLANADVISER

      • Vanguard DC Plan Clients Can Add Equity Comp Services
        Plan sponsors who elect to add equity compensation services will have real-time financial analysis, modeling tools and support of multiple languages and currencies integrated within Vanguard’s existing participant web portal. The post Vanguard DC Plan Clients Can Add Equity Comp Services appeared first on PLANADVISER.... Read more »
      • John Hancock Adds Emergency, College Savings Tools to Financial Wellness Offering
        With the click of a button on John Hancock Retirement’s participant site, participants can create an emergency savings account. The post John Hancock Adds Emergency, College Savings Tools to Financial Wellness Offering appeared first on PLANADVISER.... Read more »
      • Franklin Templeton Expands Institutional Footprint With Acquisition of Legg Mason
        With the acquisition, Franklin Templeton will preserve the autonomy of Legg Mason’s affiliates, ensuring that their investment philosophies, processes and brands remain unchanged. The post Franklin Templeton Expands Institutional Footprint With Acquisition of Legg Mason appeared first on PLANADVISER.... Read more »
      • Fidelity Wins Dismissal of FundsNetwork Revenue Sharing Challenge
        The firm has successfully argued that it is entitled to negotiate and collect revenue-sharing fees from mutual fund companies in exchange for representation on its FundsNetwork platform. The post Fidelity Wins Dismissal of FundsNetwork Revenue Sharing Challenge appeared first on PLANADVISER.... Read more »
      • 15th Anniversary of Retirement Plan Adviser of the Year
        Since 2005, we have honored 39 individuals and teams with the PLANSPONSOR Retirement Plan Adviser of the Year award program. The post 15th Anniversary of Retirement Plan Adviser of the Year appeared first on PLANADVISER.... Read more »
        +

        NAPA

      • Bloomberg Has Plans for (Your) Retirement
        The newest presidential candidate for the Democratic party has outlined plans for Social Security, a “private option” 401(k), and a new (old) fiduciary rule.... Read more »
      • 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 »
        +

        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 »
        +

        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 »
        +

        SECLaw Blog

      • SEC Charges Global Alcohol Producer with Disclosure Failures
        The Securities and Exchange Commission announced charges against alcohol producer Diageo plc for failing to make required disclosures of known trends relating to the shipments of unneeded products by its North American subsidiary to distributors. …Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • SEC Charges Real Estate Company and Executives With Defrauding Retail Investors, Obtains Emergency Relief
        The Securities and Exchange Commission today announced an emergency enforcement action and a temporary restraining order and asset freeze against Florida-based private real estate firm EquiAlt LLC, its CEO Brian Davison, and its Managing Director Barry…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at... Read more »
      • 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 »
          +

          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 »
          +

          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 »

        Home