The IRS announced on July 11 that it is withdrawing a proposal it made in 1981 for an amendment to regulations governing IRA rollovers. The proposed amendment to Treas. Reg. § 1.408-4(b)(4... Read More
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Managing a Practice
BY John Iekel | 7/14/2014
BY John Adams | 7/12/2014
Due to the success of Pensionmark Retirement Group’s Advisor Support Program, as well as the aging population of advisors in the marketplace and advisors’ increased interest in transition... Read More
BY John Adams | 7/11/2014
American pre-retirees between the ages of 55 and 64, with median income and retirement savings, could replace as much as two-thirds of their on-the-job earnings in retirement, despite increased costs... Read More
BY Nevin E. Adams, JD | 7/11/2014
A frequent criticism of the 401(k) design — and one frequently invoked by retirement plan advisors — is that it was “never designed” to provide a full retirement benefit,... Read More
BY John Iekel | 7/11/2014
A recent settlement agreement announced by the DOL provides plan trustees and advisors with some serious food for thought. As the law firm Bradley Arant Boult Cummings LLP reports, the $5.25 million... Read More
BY John Ortman | 7/11/2014
As savvy plan fiduciaries and advisors know, the best way to survive a plan audit is to avoid it in the first place. Once an audit is triggered, however, only the most carefully governed plans can... Read More
BY John Iekel | 7/10/2014
The Department of Labor’s Employee Benefits Security Administration has announced that its ERISA Advisory Council will be examining issues and considerations related to facilitating lifetime... Read More
BY John Ortman | 7/10/2014
Opposition to the Department of Labor’s pending fiduciary definition rule among advisors continues to hold strong at 90 percent, according to a Financial Services Institute poll released July 9... Read More
BY John Adams | 7/10/2014
The companies of OneAmerica have launched OneCheck, a set of tools and reports monitoring retirement plan health for participants and sponsors. It contains many tools aiding in retirement... Read More
BY John Ortman | 7/9/2014
The SEC has released guidance on summary disclosures for mutual funds, recommending the use of “plain English” and advising that the disclosures should not exceed four pages. The guidance... Read More
BY John Adams | 7/9/2014
Transamerica Retirement Solutions has released a report in partnership with the American Hospital Association examining trends affecting DC and DB benefit plans in the not-for-profit health care... Read More
BY John Adams | 7/7/2014
Guardian Retirement Solutions has appointed six new wholesalers to its 401(k) national sales team in order to meet growing market demand as they extend their reach across RIA, broker-dealer and the... Read More
BY John Ortman | 6/9/2014
What are the keys to a successful succession plan? In a ThinkAdvisor article, Richard Dragotta, a branch manager at LPL, offers two. The first is basing your approach on the realization that a... Read More
BY Fred Barstein | 6/1/2014
One of the fastest growing models for advisors — especially plan advisors — is the “hybrid” model, where the advisor can function as both a registered rep under a BD or as an IAR under an RIA and... Read More
BY Don Trone | 5/29/2014
How does that title grab you? Did it catch your attention? Make you smile? Think about all the plan sponsor meetings you’ve conducted where you have tried to teach trustees the multi-dimensions of a... Read More
BY Fred Barstein | 5/27/2014
Last year, the CFP wiped out the compensation model for all certificants because of concerns about misinformation by some who checked the “fee-only” box when they should not have. So rather than have... Read More
BY Fred Barstein | 5/14/2014
Wasting little time after the Cetera acquisition was approved, Nicholas Schorsch-led RCS Capital started the process of rationalizing the nine broker dealers it has acquired — which includes about 9,... Read More
BY Fred Barstein | 5/5/2014
What distinguishes the top-performing advisory practices? In their annual study, Moss Adams and Investment News set out to identify which activities the top firms use more than others. Here are the... Read More
BY Fred Barstein | 5/1/2014
In a stunning move, LPL’s Retirement Partner Group led by Bill Chetney has hired Paul Mahan, Commonwealth’s head of retirement, as SVP of retirement services. He will report directly to Chetney. It’s... Read More
BY Fred Barstein | 4/28/2014
As the economy evolves and new generations start entering the workforce, will financial service firms adjust to the barriers to making the advisory field a career choice? Brokerages are certainly... Read More
BY Fred Barstein | 4/22/2014
It’s almost unheard of for a plan sponsor of any significant size not to go through an RFP process to search for a record keeper — so it only makes sense that the RFP process would migrate to plan... Read More
BY Fred Barstein | 4/18/2014
A new Legg Mason white paper by Maria Hurd of the Delaware-based accounting firm Belfint, Lyons... Read More
BY Fred Barstein | 4/10/2014
Advisors in general and plan advisors specifically will face a more difficult road ahead as margins grow thinner and clients become more sophisticated and demanding. This means that advisors have to... Read More
BY Fred Barstein | 4/9/2014
A U.S. News and World Report article by financial planner Hal Bundrick calls 401(k) education the biggest failure of adult education in history. Based on the number of people affected, the money... Read More
BY Fred Barstein | 4/8/2014
It’s common knowledge that fees charged by plan advisors are declining, especially in the mid and large markets. But overall, revenue generated by advisors on client assets is declining too. Advisors... Read More
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