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401k › IRA Rollovers › Investment Adviser

Proskauer - Employee Benefits & Executive...

TRICK-or-TREAT? DOL Proposes Spooky New “Retirement Security Rule” That Would Expand the Scope of Fiduciary “Investment Advice”

Proskauer - Employee Benefits & Executive... on

Responding to the “terrifying” reality that conflicted investment advice is costing retirement savers billions of dollars each year, on October 31, 2023, the Department of Labor (“DOL”) issued proposed rules representing its...more

Faegre Drinker Biddle & Reath LLP

SLOW Your Roll: DOL Temporarily Halts Enforcement of Compliance with PTE and ERISA Fiduciary Obligations for Rollover Advice

Faegre Drinker Biddle & Reath LLP on

Benjamin Franklin once said “don’t put off until tomorrow what you can do today.” While that is always prudent advice, the Department of Labor (DOL) believes it’s best to grant an extension to investment advisors and...more

Faegre Drinker Biddle & Reath LLP

Best Interest Standard of Care for Advisors #29

Faegre Drinker Biddle & Reath LLP on

On June 15, SEC Chairman Clayton issued a statement partially entitled: “Need for Increased Care when Recommending 401(k)/IRA Rollovers and Withdrawals . . .”. As that title suggests, the Chairman’s statement covers areas...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Change the neglected part of automatic rollovers with FPS

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

One of the most forgotten parts of a 401(k) plan is the automatic rollover and who the automatic rollover provider is. I was going through a Department of Labor audit on a terminated plan and they asked me how the automatic...more

Faegre Drinker Biddle & Reath LLP

Best Interest Standard of Care for Advisors #15

Faegre Drinker Biddle & Reath LLP on

The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Rule, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Retirement Plan Advisors Advantage - August 2019

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

Hot Topics For 401(k) Plan Providers. Stuff you should be aware of. The beauty of the retirement plan business is that it's constantly changing, the bad part of it is that it's constantly changing. As a plan provider,...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Apples and Oranges: Rollovers, Qualified Plans, and The Best Interest Exemption

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

One of the wrinkles of the new fiduciary rule is the requirement of a financial advisor who wants to solicit former plan participants for a rollover to review the costs involved with the plan to determine whether moving the...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Advisors Advantage - December 2016

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

A "Crystal Ball" On Life After The New ERISA Fiduciary Rule. We can see the future if we look closely enough. The Department of Labor's (DOL) new fiduciary rule that is going to go in effect in April 2017 is going...more

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