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        PLANADVISER

      • SunTrust Bank 401(k) Litigation Heading to Remediation
        After years of litigation, the plaintiffs and defendants have jointly moved for entry of an order referring the case to mediation before a neutral third party. The post SunTrust Bank 401(k) Litigation Heading to Remediation appeared first on PLANADVISER.... Read more »
      • Investment Product and Service Launches
        IM releases institutional portfolio data tool; Vantagepoint implements private alternative assets; Avantis selects State Street as ETF service provider; and more.  The post Investment Product and Service Launches appeared first on PLANADVISER.... Read more »
      • AutoZone’s Use of Prudential GoalMaker Criticized in New Lawsuit
        The lawsuit alleges that GoalMaker served Prudential’s interests at the expense of participants’ by funneling retirement savings into proprietary investment products and into investments that paid revenue sharing to Prudential. The post AutoZone’s Use of Prudential GoalMaker Criticized in New Lawsuit appeared first on PLANADVISER.... Read more »
      • AllianceBernstein to Close its Mutual Fund Target-Date Series
        The investment firm will be shifting all of its focus to its CIT target-date series. The post AllianceBernstein to Close its Mutual Fund Target-Date Series appeared first on PLANADVISER.... Read more »
      • Financial Finesse Expands Offering for Advisers
        Financial Finesse enterprise (FFe) is focused on serving financial services firms seeking to evolve their impact by providing participants with access to financial coaching resources designed to accommodate all life stages. The post Financial Finesse Expands Offering for Advisers appeared first on PLANADVISER.... Read more »
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        Kitces

      • Highlights From The 2019 T3 Enterprise Conference
        Please Update Your RSS Feeder Settings Now! We are updating the behind-the-scenes technology used to support the Nerd's Eye View blog, which will allow us to deliver content to you more effectively in the future. However, this does require you to take one (simple) step to keep getting blog updates... Read more »
      • IRS Proposes New RMD Life Expectancy Tables To Begin In 2021
        Please Update Your RSS Feeder Settings Now! We are updating the behind-the-scenes technology used to support the Nerd's Eye View blog, which will allow us to deliver content to you more effectively in the future. However, this does require you to take one (simple) step to keep getting blog updates... Read more »
      • #FASuccess Ep 150: Getting Unstuck And Re-Aligning Fees To Build The Solo Advisory Firm You Want, With Tanya Nichols
        Please Update Your RSS Feeder Settings Now! We are updating the behind-the-scenes technology used to support the Nerd's Eye View blog, which will allow us to deliver content to you more effectively in the future. However, this does require you to take one (simple) step to keep getting blog updates... Read more »
      • Cultivating Followership To Become A More Effective Advisory Firm Leader
        Please Update Your RSS Feeder Settings Now! We are updating the behind-the-scenes technology used to support the Nerd's Eye View blog, which will allow us to deliver content to you more effectively in the future. However, this does require you to take one (simple) step to keep getting blog updates... Read more »
      • Weekend Reading for Financial Planners (Nov 9-10)
        Please Update Your RSS Feeder Settings Now! We are updating the behind-the-scenes technology used to support the Nerd's Eye View blog, which will allow us to deliver content to you more effectively in the future. However, this does require you to take one (simple) step to keep getting blog updates... 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 Wins Jury Trial in Layering, Manipulative Trading Case
          Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission's favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more than…Read the Full Press ReleaseHave a securities law question? Call Sallah... Read more »
        • The End of Disgorgement?
          The Supreme Court granted certiorari in a case that may well have a very significant impact on the remedies available in Commission enforcement actions: Liu v. Securities and Exchange Commission, No. 18-1501 (Cert. granted Nov. 1, 2019). The question the Court agreed to resolve is: “Whether the Securities and Exchange Commission... Read more »
        • SEC Charges Adviser for Running Ponzi Scheme Targeting Haitian Community
          The Securities and Exchange Commission today filed charges against a New York investment adviser for operating a multimillion-dollar investment club that was actually a fraudulent Ponzi scheme targeting members of the local Haitian community as well as…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox... Read more »
        • SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2019
          The Securities and Exchange Commission’s Division of Enforcement today issued its annual report for fiscal year 2019. The report details the division’s efforts and initiatives on behalf of investors, highlights several significant actions, and presents…Read the Full Press ReleaseHave a securities law question? Call Sallah Astarita & Cox at 212-509-6544.... Read more »
        • SEC Proposes Amendments to Modernize Shareholder Proposal Rule
          The Securities and Exchange Commission today voted to propose amendments to modernize the rule that governs the process for shareholder proposals to be included in a company’s proxy statement. “Today’s proposed amendments follow from the staff…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

          • 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 »
          • 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 »
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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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