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John Ortman
By John Ortman | 4/16/2018
The financial sector spent $90 billion on cybersecurity last year. What keeps the technologists in charge of financial firms’ cybersecurity efforts up at night?Rachel Wilson, head of cybersecurity for Morgan Stanley’s Wealth Management unit, shared the major concerns and provided some cybersecurity...
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By John Ortman | 4/16/2018
“I don’t use social media because Compliance won’t let me.” Is that why you’re not on LinkedIn or Twitter? If so, you may want to check and see if that’s still true, advises social media thought leader Spencer X Smith.In the last few years, many broker-dealers and RIAs have eased their restrictions...
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By John Ortman | 2/14/2018
The Securities and Exchange Commission’s enforcement division launched an initiative Feb. 12 that waives fines against investment advisers if they admit putting clients into high-fee mutual fund share classes when lower-fee classes were available and agree to reimburse those clients for the excess...
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By John Ortman | 11/1/2017
The Senate Banking Committee voted unanimously Nov. 1 to approve Hester Peirce and Robert Jackson, Jr. as members of the Securities and Exchange Commission. Their nominations will now move to the full Senate for confirmation.Peirce, a Republican, is a senior research fellow at the Mercatus Center...
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By John Ortman | 10/25/2017
Where does the DOL's fiduciary rule stand? What might we expect in the future? ERISA attorney Fred Reish provided an update on the former and shared his thoughts on the latter in an Oct. 24 workshop at the 2017 ASPPA Annual Conference in National Harbor, MD, just outside the nation's capital.It's...
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By John Ortman | 3/21/2017
In a March 19 “super session” on establishing your value proposition at the 2017 NAPA 401(k) Summit, moderator Tom Kmak of Fiduciary Benchmarks used the conference app to poll the standing-room-only audience of nearly 400 advisors on eight questions over the course of the session.Using the app,...
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By John Ortman | 3/21/2017
Claus te Wildt and Stephanie Link, two of today's top investment analysts, shared their takes on key trends, indicators and what the future may hold for the U.S. economy at a March 20 “super session” at the NAPA 401(k) Summit.
Link, managing director of active portfolio management at TIAA...
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By John Ortman | 3/21/2017
How do you guide a plan committee – keep it focused and productive, while minimizing the forces that can undermine it? Three industry execs shared best and worst practices at a March 20 NAPA 401(k) Summit session.Stig Nybo, head of development at Capital Preferences; Matt Gulseth, a partner at...
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By John Ortman | 3/21/2017
This year's NAPA 401(k) Summit, held March 19-21 in Las Vegas, got rave reviews from attendees, speakers and exhibitors alike. This year’s attendance totaled nearly 2,000, including nearly 1,000 advisors — by far the biggest Summit ever.You can get a taste of the four general sessions, four "super...
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By John Ortman | 3/19/2017
In an era of fee compression, how can you escape the race to the bottom? While there are several answers to that question, basically they all focus on one thing: proving your value to prospects and clients.How severe is advisor fee compression today? In a March 19 “super session” at the 2017 NAPA...
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By John Ortman | 4/22/2016
In its first visit to Nashville, the NAPA 401(k) Summit, held April 17-19, got rave reviews from attendees, speakers and exhibitors alike. This year’s attendance topped 1,700 — by far the biggest Summit ever.You can get a taste of the five general sessions and 24 workshop sessions at the 15th...
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By John Ortman | 4/20/2016
A panel of three HR executives shared their experiences, perspectives and challenges, as well as what they value in their advisors, at an April 19 session at the 15th annual NAPA 401(k) Summit.The panel, moderated by Ann Schleck of Ann Schleck & Co., featured: Rhonda Curry from Hornet Sports...
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By John Ortman | 4/18/2016
While advisor fees have gotten a lot more “reasonable” – meaning lower – in recent years, greater litigation risks resulting from the DOL's final fiduciary rule may create a counterweight, exerting upward pressure on fees, according to CapTrust's James E. (“Jeb”) Graham.Graham offered his take on...
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By John Ortman | 4/18/2016
As ERISA attorney and former head of the EBSA Bradford Campbell sees it after a little more than a week of study, advisors essentially have three options for dealing with the best interest contract (BIC) exemption in the DOL's final fiduciary rule: Use the level fee option in the BIC exemption (or...
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By John Ortman | 4/18/2016
Is a DC plan enough to get participants to where they need to be financially when they make that jump into retirement? What practical steps can advisors take to help participants get on track and stay there?Jeanne Thompson, Fidelity Investments' VP of Thought Leadership, revealed findings from new...
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By John Ortman | 4/18/2016
Samuel (Sam) Brandwein, QPA, CFP, CIMA, CRPS, was named president of the National Association of Plan Advisors at the 2016 NAPA 401(k) Summit in Nashville April 18. He will serve as president for 2016-2017.Brandwein, a Vice President and 401(k) Consulting Director with Morgan Stanley, has been in...
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By John Ortman | 4/18/2016
The advisory team at Stone Street Advisor Group in Pearl River, N.Y. is the winner of the 2016 NAPA 401(k) Advisor Leadership Award.Barbara J. Delaney, AIF™, the firm’s founder and Principal, received the award on behalf of the team during a general session of the NAPA 401(k) Summit in Nashville...
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By John Ortman | 12/21/2015
For nearly 30 years, singer Darlene Love helped bring the holiday spirit to the Late Show with David Letterman by belting out "Christmas (Baby Please Come Home)," a modern holiday classic she first sang on Phil Spector’s iconic 1963 album, A Christmas Gift for You.The bad news: with Letterman’s...
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By John Ortman | 10/30/2015
Be on the lookout later today for the first edition of the new NAPA Net Weekly. Published every Friday afternoon, the Weekly will recap the highlights of the week’s posts on NAPA Net — news, commentary, analysis and more.
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By John Ortman | 10/23/2015
Related: The biggest impact of the DOL's proposed fiduciary rule, a.k.a. the "conflict of interest rule," isn't on plans or plan advisors, it's on the IRA market, ERISA attorney Fred Reish told a workshop session at the ASPPA Annual Conference Oct. 20.Reish was joined by Marcy Supovitz, NAPA's...
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