The 2013 IA 25: Advisor Advocates and Regulators
Since the financial crisis, advisors have had to defend their businesses from wary consumers, overzealous legislators and sometimes even other advisors whose unscrupulous actions would cast good advisors in the same shadow as bad advisors.
House Bill to Require SEC, DOL Fiduciary Collaboration
But SEC’s Mary Jo White maintains SEC and DOL are "two different agencies"; says more exam "coverage" is needed for advisors.
Phyllis Borzi: The 2013 IA 25 Extended Profile
Despite taking a drubbing over her insistence on issuing a rule to amend the definition of fiduciary under ERISA, Phyllis Borzi remains steadfast in her conviction to do so.
DOL Seeks Input on Lifetime Income Illustrations Plan
“We are looking for the best ideas on how to show people what their lump-sum retirement savings look like when they are spread out over all the years of retirement,” said Phyllis Borzi.
Crossing Paths: The 2013 IA 25
With Investment Advisor's 11th annual list of the most influential individuals in and around the advisor business, we decided to do something different.
Without Fiduciary Rule Collaboration, Cost-Benefit Analysis ‘Worthless’
Comments have been flooding into the Securities and Exchange Commission regarding the agency’s March 1 request for input on the costs and benefits of putting brokers under a fiduciary mandate.
SEC, DOL Must Collaborate on ‘Overlapping’ IRA Fiduciary Standards: Attorney Mason
The failure of the SEC and DOL to collaborate on their “overlapping” fiduciary rules on IRA advice will render the SEC’s current cost-benefit analysis worthless, says Kent Mason of Davis & Harman.
Does Fiduciary Coverage for 401(k) Rollovers Lie Ahead?
A just-released report by the GAO on rollovers foreshadows one of the more controversial aspects of what the DOL’s revised fiduciary rule will look like, industry officials say.
The Disclosure Paradox: How Much Information Is Too Much?
Too much information can be as harmful to retirement plan decisions as too little.
Black Caucus Members Balk at DOL Fiduciary Rule
The Congressional Black Caucus is warning the DOL that its plan to extend ERISA’s fiduciary standard to IRAs will hurt African-American savers.