It’s Been a Hot Summer for the Regulation of Advice, and There’s No Sign of a Cooldown

Blaine Aikin, AIFA®, CFP®, CFA, Fiduciary Subject Matter Expert
Duane Thompson, AIFA®, Senior Policy Analyst

August 27, 2020

We wrap up our series of weekly webinars from the virtual Fi360 conference on August 27, 2020, with a reprisal of all that has happened since mid-April and our assessment of what’s coming on the fiduciary front.  Blaine Aikin, Founder of Fiduciary Insights and Fi360 Subject Matter Expert, and Duane Thompson, AIFA®, Fi360 senior policy analyst, kicked off the series and are back to provide a rundown of recent and expected upcoming interest as well as their thoughts on the DOL’s proposed new prohibited transaction exemption for conflicted fiduciary advice.  They will also review other DOL initiatives, including selection of ESG investment options and the use of a private equity component in 401(k)-type plans.  Topping off the list of other pending rules will be a look at several state model rules of interest to fiduciary advisors – including the state insurance commissioners ‘best interest’ rule for annuity transactions, a likely CE requirement for individual investment adviser reps of both federal and state RIAs, and a policy and procedures rule for state-registered advisory firms. Finally, Blaine and Duane will render their opinions on how the direction of fiduciary regulation will differ depending upon which party wins in November.

Download Webinar Slides