BOOM. There it is. Labor Secretary Acosta confirms: no further delays to #DoLFiduciary past June 9th... https://t.co/chHtkvxbNr
— MichaelKitces (@MichaelKitces) May 23, 2017
Great article by @JeffCoxCNBCcom Why controversy on Fiduciary Rule? We're fiduciaries, always have been! https://t.co/xTmzRrX1RW
— Larry Stein (@DisciplinedIM) May 23, 2017
#DOL #fiduciary rule applicable June 9. The exemptions are a compliance change, the fiduciary standard is a cultural change.
— fred reish (@fredreish) May 23, 2017
This is a great sentence on the DoL Fiduciary Rule https://t.co/EzuPYp7G1m pic.twitter.com/OMxZmPJsE2
— Sean M Tuffy (@SMTuffy) May 23, 2017
"This administration presumes that Americans can be trusted to decide for themselves what is best for them," Acosta on the fiduciary rule
— Daisy Maxey (@DaisyMaxey) May 23, 2017
Good news for retirement savers and the many firms that are prepared to comply with a best interest standard. Thank you @SecretaryAcosta https://t.co/e0EF35sDiM
— Barbara Roper (@BarbaraRoper1) May 23, 2017
.@USDOL should have delayed #fiduciary rule; hoping review concludes dramatic and fundamental changes are necessary https://t.co/AnfLj7SkN7
— SIFMA (@SIFMA) May 23, 2017
ALERT: DOL fiduciary rule applicability date to remain June 9. Read our statement on the decision here: https://t.co/LCsqf2IAI6
— Fin. Svcs. Institute (@FSIwashington) May 23, 2017
NAIFA CEO Comments on DOL Decision To Not Extend Delay of Fiduciary Rule https://t.co/VkOgQyjR8b
— NAIFA (@NAIFA) May 23, 2017
NEW: @VirginiaFoxx Statement on #fiduciaryrule pic.twitter.com/lmP6HwuxD2
— Ed & Workforce Cmte (@EdWorkforce) May 23, 2017
#Nashville elated over the DOL #fiduciaryrule being implemented on 6/9 @PredsNHL @fi360 #fi360Conference pic.twitter.com/TtLCSB1dgu
— Matthew (@mwalno) May 23, 2017
#DOL #fiduciaryrule be like... pic.twitter.com/7dFX2sv05c
— Douglas A. Boneparth (@dougboneparth) May 23, 2017
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
