Insights from the experts in investment fiduciary responsibility.

ICYMI - June 14, 2019

Posted by Fi360 on June 14, 2019

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ICYMI - June 14, 2019

Reg BI Cometh! *

Who isn't talking about the SEC's decision on Regulation Best Interest on June 5? Our subject matter experts have a lot to say about the latest developments. Join Blaine Aikin, AIFA®, CFA, CFP®, and Duane Thompson, AIFA®  on Tuesday, June 18 at 2:00 p.m. ET as they parse the details of the newly adopted regulations, including what’s new, what was expected, and what surprised them. Register now for the webinar. 

What Crayola Color of 3(16) Does Your Vendor Provide?*

Later this month, we are hosting an educational webinar to untangle the nuances of what consistutes a 3(16) administrator and what falls into 3(16) services. Join us on Wednesday, June 26 at 2:00 p.m. ET to learn about how understanding 3(16) services can be an opportunity for advisors to be the resource that helps plan sponsors determine what menu of services are needed to achieve their goals and assist them with finding service providers who best address those needs. Register now for the webinar.

Fi360 Stable Value Vision - A look inside!

Our team has received a great number of inquiries about stable value funds - what they are and how best to evaluate them. Tyler Kirkland, AIF®, PPC®, recently hosted a webinar about stable value funds and offered a peek inside the Fi360 Stable Value Vision software. We've got lots of resources for you here, so be sure to check out Tyler's webinar, his in-depth due diligence guide and our stable value white paper

RIAs Find Differentiating Themselves An Uphill Battle Post SEC's Reg BI

Earlier this week, Financial Advisor magazine's Tracey Longo published an in-depth report about the impact of the SEC's Regulation Best Interest on advisors. The prognosis: things are fuzzy. Duane Thompson, Fi360's senior policy analyst said, “Advisors may be able to say that they are fiduciaries and that brokers are not, but the Form CRS disclosure mandates the use of boilerplate language stating ‘we have to act in your best interest and not put our interest ahead of yours.’  So how do you explain to an investor the difference in a best-interest standard of a broker compared to the best-interest standard of an advisor? It’s not going to be easy and will require thoughtful reasoning and practice, shall we say, before the mirror."  Check out the full article

SEC 'guts' RIA industry with a footnote, degrading fiduciary duty

Ann Marsh of Financial Planning boils down the SEC's sweeping impact on wealth management to a single word. "By substituting an 'and' for an 'or' in a footnote last week, the SEC watered down the meaning of investment advisors’ fiduciary duty to clients." Lots of strong reactions to this news in the full article


*This webinar has been accepted for one hour of CE by Fi360, CFP Board and IWI. 

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