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Why you need to take target date fund due diligence seriously

Posted by Bennett Aikin on July 31, 2014 in Fiduciary Excellence In the News

Ever since the Pension Protection Act in 2006 brought about the qualified default investment alternative, the popularity of target date funds has exploded. Just take a look at these stats compiled by Paladin Registry and Target Date Solutions: $800 Billion in TDFs 100,000 plans offering TDFs 20,000,000 participants in TDFs And why not? They are a better default option than cash for participants who don’t provide direction, and they seemingly solve many of the problems that have traditionally faced both plan participants and plan advisers. Everybody wins, right? Not exactly. Despite being a great concept, or maybe because they are so great...

Why you need to take target date fund due diligence seriously

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QLACs Offer New Retirement Planning Options, Advisors Must do their Due Diligence

Posted by Duane Thompson on July 23, 2014 in Fiduciary Excellence In the News Regulatory Update

Recent regulations issued by the Department of Treasury, four years in the making, offer an intriguing new retirement planning option for pension and retail advisers by easing required minimum distribution rules to encourage the purchase of deferred-income annuities.  The new rules went into effect July 2. The new regulations generally allow participants in defined contribution plans, as well as IRA account holders, to purchase what Treasury calls a Qualifying Longevity Annuity Contract, or QLAC, exempt from mandatory distribution rules at age 70½.  The latest guidance is part of the Administration’s broader effort to “bolster retirement...

QLACs Offer New Retirement Planning Options, Advisors Must do their Due Diligence

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Fiduciary Links: The New Wave of Financial Advisors

Posted by fi360 Team on July 14, 2014 in

>>>The current face of the financial industry can be a challenging one for new advisors. Joe Birkofer, a financial planner from Legacy Asset Management in Houston, also teaches a CFP class. Many of his students are changing careers, and their path isn’t always easy. In this article he explores the options available to these students. In many cases they face a severe pay cut, and the challenge of finding a salary position. Birkofer offers interesting advice, that these financial planners find a niche market that combines something they have experience in, with their financial planning...

Fiduciary Links: The New Wave of Financial Advisors

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Fiduciary Links: Is an adviser self-regulator a fait accompli?

Posted by fi360 Team on June 23, 2014 in Fiduciary Links

>>>At a recent CFA Institute conference focused on self-regulation for advisers, the panelists looked past the debate of whether an adviser SRO was the best option, and instead treated it as the inevitable conclusion to the regulatory oversight debate. They started directly with covering how an eventual SRO should operate and how that will affect advisers and their clients. In his most recent column for InvestmentNews, fi360 CEO Blaine Aikin covers some of what he heard at the event, including the CFA Institute’s report on the 10 characteristics that an effective SRO must demonstrate. Those characteristics...

Fiduciary Links: Is an adviser self-regulator a fait accompli?

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Fiduciary Links: Looking forward to the next big advisor fee model

Posted by fi360 Team on June 16, 2014 in Fiduciary Links

>>>>>In his column for Financial Planning magazine, Bob Veres gives a short history lesson on how broker and advisor fee models have changed over the years, before taking a look at the next potentially game-changing model. He suggests all advisors take a look at the monthly retainer model that some younger advisors are employing to target younger investors. The model can help both the advisor build their book of business at a younger age, while also allowing investors who don’t actually have assets to be managed gain the benefit of advice from a...

Fiduciary Links: Looking forward to the next big advisor fee model

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