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    PLANADVISER

  • Parties in Lawsuit Against Allina Health System Agree to Settle
    The lawsuit accused Allina Health System defendants of allowing one provider free-reign to add funds to Allina's 403(b) and 401(k) plans, and of failing to monitor investment service providers. The post Parties in Lawsuit Against Allina Health System Agree to Settle appeared first on PLANADVISER.... Read more »
  • Principal and Wells Fargo Make Technology Integration Progress
    “These digital and service model investments support our efforts to bring the best from both organizations to provide unparalleled value to participants, clients, advisers and consultants,” says Renee Shaaf at Principal. The post Principal and Wells Fargo Make Technology Integration Progress appeared first on PLANADVISER.... Read more »
  • Retirement Industry People Moves
    Transamerica adds regional VPs to large-and-mid-market retirement plans; Broadridge acquires content management and automation firm; Principal Global Investors selects managing director; and more. The post Retirement Industry People Moves appeared first on PLANADVISER.... Read more »
  • In-Plan Guaranteed Income Will Always Be a Challenge
    There is clearly a growing interest among retirement plan industry stakeholders in providing guaranteed income annuity options within defined contribution plans, yet consensus remains elusive. The post In-Plan Guaranteed Income Will Always Be a Challenge appeared first on PLANADVISER.... Read more »
  • 2020 Adviser of the Year Nominations Deadline Is Here!
    The deadline for the 2020 Plan Adviser and Adviser Team of the Year award nominations is October 18. The post 2020 Adviser of the Year Nominations Deadline Is Here! appeared first on PLANADVISER.... 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 Amendments to Exemptive Applications Procedures
        The Securities and Exchange Commission today announced that it has voted to propose rule amendments to establish an expedited review procedure for applications under the Investment Company Act that are substantially identical to recent precedent, as well…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox... Read more »
      • Ameriprise Hiring Binge
        Ameriprise's recruiting streak continues, with the onboarding of nine new advisers.The firm's hiring efforts have boosted headcount to 9,951 advisers for the second quarter from 9,906 from the year-ago period, according to the firm's last earnings report.More information at On Wall Street---The attorneys at Sallah Astarita & Cox, LLC have... Read more »
      • SEC and Morehouse College Announce Atlanta Event for Minority Entrepreneurs
        The Securities and Exchange Commission and Morehouse College will co-host a panel discussion on strategies to attract investment capital to minority businesses from 4 - 7 p.m. ET on Thursday, Oct. 24 during homecoming week. The special event,…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at... Read more »
      • SEC Issues Statement on Market Structure Innovation for Thinly Traded Securities
        The Securities and Exchange Commission today issued a statement that invites exchanges and other market participants to submit innovative proposals designed to improve the secondary market structure for exchange listed equity securities that trade…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
      • SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
        The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits. The SEC alleges that the…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita... Read more »
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          Schwab News

        • 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 »
        • 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 »
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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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