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      PLANADVISER

    • Investment Product and Service Launches
      Aegon Asset Management Announces Global Integration; Avantis Investors Launches Additional Mutual Funds; and Vanguard Creates New International Bond Index Fund. The post Investment Product and Service Launches appeared first on PLANADVISER.... Read more »
    • IRS Publishes Required Amendments List for DC Plans
      This year’s required amendments list touches on the new hardship withdrawal standards and a new regulation impacting certain hybrid defined benefit plans. The post IRS Publishes Required Amendments List for DC Plans appeared first on PLANADVISER.... Read more »
    • Don’t Overlook Stable Value’s Role as Bull Market Ages
      If the Fed continues to cut interest rates, sources say, stable value funds will likely prove to be superior in comparison with money market funds. The post Don’t Overlook Stable Value’s Role as Bull Market Ages appeared first on PLANADVISER.... Read more »
    • Senator Introduces Bill to Encourage Faster Student Debt Payoff
      HELPER Act would allow Americans to annually take up to $5,250 from a 401(k), 403(b), 457 plan or IRA—tax and penalty free—to pay for college or pay back student loans. The post Senator Introduces Bill to Encourage Faster Student Debt Payoff appeared first on PLANADVISER.... Read more »
    • PIMCO Discovers Error in Fund Fee Waiver
      PIMCO is now in the process of reimbursing investors affected by the miscalculation. The post PIMCO Discovers Error in Fund Fee Waiver appeared first on PLANADVISER.... Read more »
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      NAPA

    • How Will Massachusetts’ Proposed Fiduciary Rule Impact ERISA Plans?
      The Bay State’s Securities Division of the Office of the Secretary of the Commonwealth has formally released new proposed fiduciary conduct standards for broker-dealers, agents, investment advisers and investment adviser representatives – but how does it view ERISA’s fiduciary standard?... 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 Charges Trucking Executives With Accounting Fraud
        The Securities and Exchange Commission today charged two former top executives of Indiana-based trucking company Celadon Group Inc. for their participation in an accounting fraud that inflated the company's income and earnings per share.…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • SEC Releases Report on 38th Annual Small Business Forum
        The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation.  The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita... Read more »
      • SEC Charges Iconix Brand Group and Former Top Executives With Accounting Fraud
        The Securities and Exchange Commission today charged brand-management company Iconix Brand Group Inc. and three of its former top executives with fraud. Iconix and two of its former executives have agreed to settle. The SEC’s litigation is…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • SEC Issues Agenda for Dec. 11 Meeting of Small Business Capital Formation Advisory Committee
        The Securities and Exchange Commission today released the agenda for a Dec. 11 telephonic meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules,…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • SEC Names John Vanosdall as Deputy Chief Accountant
        The Securities and Exchange Commission today announced the appointment of John Vanosdall as a Deputy Chief Accountant (Accounting Group) in the agency's Office of the Chief Accountant. As Deputy Chief Accountant, Mr. Vanosdall will lead the…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... 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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