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BY Nevin E. Adams, JD 8/11/2017
A recent survey indicates that while performance is a factor, it’s not the top factor motivating fund changes by plan sponsors. That’s not, however, the experience of NAPA Net readers.While the Cogent Reports Retirement Planscape report notes that in instances where plan sponsors say they intend to...
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BY Ted Godbout 8/11/2017
A recent report by the Retirement Advisor Council (RAC) suggests that CFOs who partner with a retirement plan advisor rated as “outstanding” are better able to control future labor costs, spend less time administering their retirement plan and more time running the organization, thus easing the...
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BY Ted Godbout 8/11/2017
Registered investment advisor (RIA) optimism on the U.S. economy has slipped in recent months, and more than half are skeptical that stocks will continue to rise through the end of the year, according to TD Ameritrade Institutional’s RIA Mid-Year Sentiment Survey.While still strong, the survey...
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BY Ted Godbout 8/11/2017
While growth in clients and assets under management (AUM) was relatively healthy and income-related metrics were largely favorable for advisory firms in 2016, revenue per team member failed to increase for the first time since 2009, according to a new report by TD Ameritrade Institutional.This year...
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BY Nevin E. Adams, JD 8/11/2017
A plaintiff seeking class action status in a proprietary fund suit against his former employer may have hit a snag.The case is one brought by Marlon H. Cryer, individually and on behalf of a class of all other persons similarly situated, and on behalf of the Franklin Templeton 401(k) Retirement...
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BY Ted Godbout 8/10/2017
Extending their first-quarter gains, target-date funds posted a return of 2.83% in the second quarter, with diversification to non-U.S. equities helping drive TDF performance, according to the Callan Target Date Index.Updated quarterly, the Index is an equally weighted composite of 44 TDF series,...
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BY Nevin E. Adams, JD 8/10/2017
The Labor Department submitted a proposal to the Office of Management and Budget (OMB) on Aug. 9 to extend the transition period and full BIC applicability date of the fiduciary regulation.The notice – which indicates that the Labor Department intends to push back to July 1, 2019, the full Best...
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BY NAPA Net Staff 8/10/2017
The recent DOL FAQs provided relief in situations where an advisor provided a non-fiduciary service to an ERISA plan prior to the applicability date of the fiduciary regulation, but became a fiduciary on June 9 solely because of the change of definition. However, there are situations that the FAQs...
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BY Ted Godbout 8/10/2017
Prior to departing for their summer breaks, House and Senate GOP leaders indicated that they plan to pivot from repealing and replacing Obamacare to making enactment of broad-based tax reform their number one priority.What are the chances of that happening? Lawmakers face a number of hurdles and a...
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BY Spencer X Smith 8/9/2017
You and I know our customers will look for us on social media before making a phone call or stopping by our offices. Guess what? You don’t need a separate policy governing how your employees will represent you on social media.What better way is there to stay top of mind with your target audience...
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