Episode Summary

D.C. correspondent Mark Schoeff Jr. joins Bruce and Jeff to look at the full impact of the Biden/Harris administration on the advisory business. What will change quickly, what won't, and what happens to Reg BI? Then Emile Hallez shares insights from the RPA Convergence events.

Episode Notes

Interview with Mark Schoeff Jr. — 1:00-15:00

• Narrow operating margins for Democrats in government
• Key focuses and impact on advisers: ESG, fiduciary rules, taxes
• Whether any big-picture plans like Green New Deal can pass
• The standard partisan tensions

Interview with Emile Hallez — 15:00-27:00

• Recent RPA Convergence webcasts and publications
• Role of private equity in industry consolidation
• Valuations in the retirement plan adviser space
• Where the convergence comes into the RPA vs. wealth management space
• What options individuals might see in their retirement plans