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    PLANADVISER

  • Supreme Court Could Soon Consider Several ERISA Cases
    In recent months, writs of certiorari have been filed with the Supreme Court in four cases involving tax qualified defined contribution plans. The post Supreme Court Could Soon Consider Several ERISA Cases appeared first on PLANADVISER.... Read more »
  • Retirement Industry People Moves
    Voya Financial hires sales head for West Coat team; Lincoln Financial adds to RPS business with new members; MassMutual appoints DCIO sales leader; and more. The post Retirement Industry People Moves appeared first on PLANADVISER.... Read more »
  • Investors Want Conclusive ESG Performance Information
    Studies conflict over the long-term performance of environmental, social and governance (ESG) investing, and institutional investors say they want better track records. The post Investors Want Conclusive ESG Performance Information appeared first on PLANADVISER.... Read more »
  • Some Expect Senate Action Sooner Than Later on SECURE Act
    One retirement industry executive says she believes the Senate could act quite quickly in taking up the SECURE Act, which just passed the House of Representatives with a practically unanimous yea vote. The post Some Expect Senate Action Sooner Than Later on SECURE Act appeared first on PLANADVISER.... Read more »
  • Investment Product and Service Launches
    American Century to offer ETFs with ActiveShares methodology, and Morningstar reveals global suite of bond indexes. The post Investment Product and Service Launches appeared first on PLANADVISER.... Read more »
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    Kitces

  • Weekend Reading for Financial Planners (May 25-26)
    Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a slew of major industry news, including details of the SECURE Act that just passed the House and may implement a number of significant changes to retirement accounts (including an increase in the... Read more »
  • Weekend Reading for Financial Planners (May 11-12)
    Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with industry news that Morningstar has finally launched its own Model Marketplace, attached directly to Morningstar Office, but with the capability to customize model marketplace strategies to individual client needs (as a midpoint for... Read more »
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    NAPA

  • SEC Sets Date for Reg BI, Form CRS Review
    First the Labor Department announced a target for a fiduciary rule redo – and now the Securities and Exchange Commission has announced a review of its Regulation Best Interest.... Read more »
  • A Target Date for DOL Fiduciary Rule Redo?
    The federal government’s updated Spring 2019 unified regulatory agenda sheds some light on prospects for the Department of Labor’s next steps on a fiduciary rule revamp.  The DOL’s updated regulatory agenda confirms that the agency has set a target date of December 2019 to issue a Notice of Proposed Rulemaking. ... Read more »
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      fi360 Blog

    • Stable Value Funds Due Diligence Guide
      What are stable value funds and what are the keys to evaluating them? Tyler gets into the details, in true Tyler fashion. Recently I hosted a webinar on Fi360's Stable Value Vision – a software solution which allows for the side-by-side evaluation of stable value funds. The output of the product... Read more »
    • Fi360 – the Early Years
      We're counting down to National Fiduciary Day on Feb. 28, which has us feeling a little nostalgic. We asked Rich Lynch, who's been with Fi360 since the beginning, to describe what it was like for us in those early years. Fi360 was founded in 1999 in a suburb near the... Read more »
    • Fiduciary Excellence Part 4: Monitoring the Client Engagement
      Step four of the Fiduciary Quality Management System - Monitor - is the piece of implementing a prudent process where we find most advisors struggle. Here we offer some tips for taking the guess work out of monitoring a client's portfolio. We’ve arrived at the fourth and final step of... Read more »
    • Fiduciary Excellence Part 3: Implementing the Investment Strategy
      We're more than halfway through the Fiduciary Quality Management System. Here's where the rubber meets the road, Step 3 - Implement. Check it out!We’re more than halfway through the Fiduciary Quality Management System. In my previous posts, we focused on the first two steps to implementing a solid prudent process... Read more »
    • Fiduciary Excellence Part 2: Formalizing the Investment Strategy
      This week, we dig into Step 2 of the Fiduciary Quality Management System - Formalize. We will dedicate a blog post to each of our four Prudent Practices® as we prepare for National Fiduciary Day on Feb. 28 so be sure to stop back! In my previous post, we reviewed... 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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        Schwab News

      • 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 »
      • Schwab Advisor Services™ Recognizes Three Firms for Operational Excellence in Digital Tool Adoption and Operating Discipline
        Dateline City: SAN FRANCISCO Advisors report continued progress in integrating technology solutions at regional SOLUTIONS ® workshops SAN FRANCISCO--(BUSINESS WIRE)--Advisors are realizing the benefits of technology and workflows within their firms according to a survey of approximately 2,000 attendees at Schwab Advisor Services’ annual SOLUTIONS® events. Through these one-day workshops... 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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