Wrapup: LPL’s Annual Meeting

Hot off their acquisition of Financial Telesis in partnership with Bill Chetney, LPL Retirement Partners held its annual event in Arizona the week of Oct. 20. The buzz at the meeting was about the acquisition and who is – and is not – joining Chetney’s new aggregator, Global Retirement Partners.    Read More

‘4-Part Harmonization’ on Rollovers

Advisors seeking to capture IRA rollovers face a “four-part harmonization” of regulatory and other government entities — that is, SEC, DOL, FINRA and GAO — in the words of ERISA attorney Fred Reish. Speaking at a workshop session at the 2014 ASPPA Annual Conference Oct. 28, the Drinker Biddle attorney was joined by fellow panelists Pete Swisher of Pentegra and Yannis Koumantaros of GROUPIRA.   Read More

Developing a Fiduciary Training Program

Despite lacking any regulatory authority to do so, the Department of Labor has made an issue of fiduciary training over the last few years. The reason, according to Bryan Cave’s Sheldon H. Smith: The DOL views fiduciary training as a critical element of good governance, and looks for evidence of a fiduciary training program upon audit.   Read More

Future of Fiduciary Regs Remains Murky

It’s been a year since DOL’s Phyllis Borzi, addressing the 2013 ASPPA Annual Conference, provided details about how the department planned to proceed with its regulatory initiative reshaping the definition of a plan fiduciary. A year later, in the same room at the 2014 conference, ASPPA’s leadership said the real question now was much broader: Will these regulations ever actually see the light of day?   Read More