Results for "On DOL Fiduciary"

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Watchdog group sues DOL to see records for fiduciary rule rewrite

October 27, 2017

The independent watchdog group American Oversight filed a lawsuit in U.S. District Court for Washington to force the Department of the Labor to release records about revisions to the fiduciary rule now being considered. The lawsuit filed Tuesday...

Brinker Capital rolls out DOL fiduciary rule-friendly funds

April 12, 2017

Brinker Capital, an investment management platform geared toward financial advisers, is jumping on the fiduciary-rule bandwagon by converting $7 billion worth of managed account assets into a family of 10 mutual funds. The Destinations funds,...

DOL fiduciary rule gets it half right on the municipal bond market

July 7, 2016

While some modifications have been made, municipal-bond investors are still left in a potentially tight spot with regard to the Department of Labor's fiduciary rule. To its credit, the DOL seems to be listening to feedback with an open mind,...

With anti-DOL fiduciary rule lawsuits, industry organizations' actions speak louder than words

June 12, 2016

Just before explaining why they filed a lawsuit to kill the DOL fiduciary rule, every industry trade group is careful to assert that they, in fact, support its premise. Yes, they want to do away with the Labor Department measure that would require...

Digital advice is poised to become the apple of asset managers' eyes

June 2, 2016

The Department of Labor's fiduciary rule is going to force asset managers to turn to digital advice, by buying or partnering with a robo-adviser or finding ways to get on the investment product line-up. Because the fiduciary rule forces financial...

DOL fiduciary rule compliance a worry for fee-only financial planners

May 22, 2016

Fee-only advisers already follow the spirit of the Labor Department's new best-interest rule on retirement advice, but they are worried about additional compliance hoops they'll need to jump through to show regulators they are fiduciaries. A...

Cease-fire by DOL fiduciary rule opponents may not last long

May 1, 2016

In the three weeks since the Labor Department released the final version of the rule that would toughen investment advice standards for retirement accounts, the financial industry generally has not barked, but that doesn't mean that it won't...

DOL fiduciary rule could spark acquisitions of RIAs as well as broker-dealers

April 24, 2016

The DOL fiduciary rule, already expected to spur consolidation in the broker-deal industry, could also hasten mergers in the registered investment adviser space. “Our merger conversations are up 20% over last year” and the Labor Department's...

What is 'reasonable' cost under DOL's fiduciary rule? Well, it depends

April 11, 2016

What is “reasonable” compensation? It's a question brokers may not have considered prior to the Labor Department's recent push to regulate investment advice in retirement accounts. However, brokers need to start paying attention, because...

In wake of DOL fiduciary rule changes, technology can solve problem of small accounts

April 8, 2016

For months, critics of the Labor Department's proposed fiduciary rule have argued that it would orphan small accounts because the cost of managing such accounts would be prohibitive. There's something that eases those pain points and softens...

DOL rule silver lining? It may trigger a shift of $1 trillion to ETFs

April 3, 2016

If you hear wailing and the gnashing of teeth, it's probably the financial services industry reacting to the Labor Department's proposed fiduciary rule for retirement accounts. But from time to time, you may also hear giddy laughter, and that's...

Despite industry fears, DOL's fiduciary rule is just more of the same

March 27, 2016

Executives and attorneys at broker-dealers of every stripe ran around this past week as if the world were about to end. Some screamed, some ranted, others stood in the corner of their office, door closed, and wept quietly. That's because the...

DOL fiduciary rule will cause retirement plan advisers to outsource liability

March 20, 2016

Outsourced investment advisory services for 401(k) plans stand to reap the benefits of the Labor Department's proposed rule to raise investment advice standards in retirement accounts. The rule would make fiduciaries of any 401(k) adviser giving...

Advisers must brace for DOL fiduciary by ramping up technology plans

March 13, 2016

The Department of Labor's impending fiduciary rule has prompted advisers to review their strategic plans and weigh the expanded role technology will play in keeping advisory practices in compliance, as well as profitable. The DOL's fiduciary...

Congress poised for its last stand against DOL fiduciary rule

March 6, 2016

Congress is poised to make a last stand against a Labor Department rule that would raise investment-advice standards for retirement accounts. The final DOL rule, which would require financial advisers to act in the best interests of their clients...


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