Fiduciary Forensics, Reading Lounge
A common law principle the concept of fiduciary duty applies to parties who deal with other parties’ money. ERISA set the standard in the following definition. A fiduciary subject to ERISA’s fiduciary responsibility provisions is defined as a person who:...
Fiduciary Forensics, Reading Lounge
The Financial Advisory business is awash with knee jerk reactions, fear and loathing, discontent and uncertainty because of the DOL Fiduciary rule. It was to be expected. The DOL in typical regulator fashion issued a long, long text document which repeats itself...
Fiduciary Forensics, Reading Lounge
The past two years have witnessed the most dramatic reform ever in the treatment of fiduciary responsibility with dynamics on three levels affording an enormous opportunity for Financial Advisors. On the corporate dynamic, it’s, “White collar (with an Hermes...
Fiduciary Forensics, Reading Lounge
COMPLYING WITH THE DOL RULE AND THE BIC EXEMPTION DOES NOT HAVE A “ONE SIZE FITS ALL” SOLUTION. FORCES THAT IMPACT THE WAY YOU HANDLE THE RULE DEPEND ON YOUR BUSINESS MODEL, RESOURCES, TECHNOLOGY, CLIENT BASE AND GROWTH PLANS. WE HAVE DEVELOPED A SCHEMATIC THAT...
Fiduciary Forensics, Reading Lounge
On Thursday, October 27, 2016 the Department of Labor issued its first series of FAQs regarding their Conflict of Interest Rule, due to be implemented April, 2017. Most of the FAQs deal with the BIC Exemption (Best Interest Contract) which is generally applicable to...
