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Your Primer on the DOL's Fiduciary Rule Proposal

Posted by Bennett Aikin on April 15, 2015 in In the News Regulatory Update

The Department of Labor’s anticipated rule on conflicts of interest (aka, the Fiduciary Rule), is now available. For your convenience, we’ve prepared an executive summary covering the basics of the rule. We’ll have much more information about the rule in the coming days and throughout the comment period. But, for now, here’s your quick guide to the just released rule proposal.  What is it? Yesterday’s release is a new rule proposal under ERISA from the Department of Labor. It seeks to expand what constitutes retirement advice and therefore subject...

Your Primer on the DOL's Fiduciary Rule Proposal

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Expanding the IPS to the rest of your financial and personal life

Posted by Norman M. Boone, MBA, CFP® on April 06, 2015 in Fiduciary Basics Putting Process into Practice

For most of us, life happens in one of two ways: A) it happens to us; we don’t control it and often times the life experiences we have are largely accidental results of where we are, who we are with, and events around us.  B) Life happens as we intend; we are purposeful about the things we want in our lives and we do what we can to influence life’s events, so that what we wanted ends up happening. My wife and I travel frequently.  It’s one of the shared joys in...

Expanding the IPS to the rest of your financial and personal life

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An Update to Reg D could be Opportunity for Advisors Willing to Take on Additional Due Diligence

Posted by Bennett Aikin on March 25, 2015 in Fiduciary Excellence Regulatory Update

Regulation D is an SEC rule designed to help small businesses raise capital by offering the sale of unregistered securities to investors deemed qualified to step into the private-placement market. Since the rule was created in 1982, the threshold for becoming an accredited investor had entirely to do with the size of the investor’s bank account, rather than any financial acumen. The rule is due for a required review this year and it appears as if expanding the definition to include investors who meet a sophistication test is on the table. If that were to happen, it could be...

An Update to Reg D could be Opportunity for Advisors Willing to Take on Additional Due Diligence

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Tibble v. Edison: Why investment monitoring is as important as investment selection

Posted by Roger L. Levy, LLM, AIFA® on March 03, 2015 in Designee Posting In the News Legal

The ultimate decision of the Supreme Court in this ERISA fee litigation case will have a lasting impact on how we understand the fiduciary duty to monitor. In this guest post from AIFA designee Roger Levy, read why fi360's Prudent Practices say the standard for monitoring an investment is as stringent as the standard used to select an investment.

Tibble v. Edison: Why investment monitoring is as important as investment selection

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How Long Should An IPS Be?

Posted by Norman M Boone, MBA, CFP® on February 24, 2015 in Fiduciary Excellence

There is no one right way to write an IPS.  There is no prescribed set of topics that need to be included.  The length of an IPS can be whatever is right for the advisor and the client. For that reason, the appropriate length of an IPS rests with what needs to be said and how detailed the discussion of the selected topics need to be. THE "FOR DUMMIES” version OR just the facts?   For example, if you want to include "Risk Tolerance" as a topic in your IPS, your entire discussion of that might just...

How Long Should An IPS Be?

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