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fi360 Team
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This week we have a guest post from Sharon Pivirotto, PPC™, AIFA, a Managing Partner of Financial Service Standards. The mission of FSS is to help retirement plan professionals understand the specific regulations surrounding ERISA retirement plans, and identify resources... Continue reading
Posted Jan 31, 2013 at fi360 Blog
While financial regulatory reform is ostensibly about doing what is best for the investors who are dependent on others to achieve their financial goals, the impact on them can sometimes get left out of the conversation. During a recent speech... Continue reading
Posted Oct 8, 2012 at fi360 Blog
>>>>In Blaine's most recent Fiduciary Corner column for InvestmentNews, he covers the current debate regarding cost-benefit analyses. He discusses two recent events that have brought cost-benefit analyses concerns to the forefront. The first event is a new bill, the Independent... Continue reading
Posted Oct 1, 2012 at fi360 Blog
This week, we have a couple of opportunities from fi360 that we want to make you aware of: >>>>On Wednesday from 4:00-5:00 p.m. ET, we are hosting a webinar titled, The Fiscal Cliff and what advisors need to know. The... Continue reading
Posted Sep 24, 2012 at fi360 Blog
Although the uniform fiduciary rule proposal for brokers and investment advisors appears dead this year, there is a proposal actually moving through Congress – yes, that Congress, believe it or not – that could eventually break the logjam for the... Continue reading
Posted Sep 17, 2012 at fi360 Blog
The Institute for the Fiduciary Standard (Institute), a think tank whose purpose is to promote the vital importance of the fiduciary standard in investment and financial advice, has designated this month as “Fiduciary September.“ In the interest of advancing the... Continue reading
Posted Sep 10, 2012 at fi360 Blog
>>>>As state and local public pension plans are collectively dragging down the fiscal condition of many of the governments that sponsor them, how these plans are run is increasingly becoming a contentious public policy issue as well with no easy... Continue reading
Posted Sep 4, 2012 at fi360 Blog
>>>>Back in June, 33 members of Congress wrote to Secretary of Labor Hilda Solis, urging the Department of Labor and the SEC to coordinate closely on their respective fiduciary rulemaking initiatives and arrive at a "workable, consistent set of rules."... Continue reading
Posted Aug 27, 2012 at fi360 Blog
>>>> At the beginning of the month, the DOL issued a revised Field Assistance Bulleting including FAQ. This is notable because the FAQ backs off assertions from the original bulletin that brokerage windows could be designated investment alternatives and therefore... Continue reading
Posted Aug 20, 2012 at fi360 Blog
Two weeks ago in the Fiduciary Links post, we cautioned against presuming that the SRO bill proposed by House Financial Services Committee Chairman Bachus was dead just because it was “on hold.” In case any further evidence was needed, we... Continue reading
Posted Aug 13, 2012 at fi360 Blog
>>>>A report from the American Academy of Actuaries from last week takes aim at the notion that an 80% funded ratio equates to a defined benefit plan being considered financially sound. The appendix to the report includes a very interesting... Continue reading
Posted Aug 6, 2012 at fi360 Blog
>>>>In a hearing on Friday, the House Financial Services Committee heard testimony on a bill introduced by Rep. Robert Dold (R-Ill.) that would considerably limit the scope of municipal advisor regulation by the SEC and the Municipal Securities Rulemaking Board.... Continue reading
Posted Jul 23, 2012 at fi360 Blog
>>>>An InvestmentNews article from last week highlights how investment advisors have become part of both the aid and recovery efforts for their clients in the wake of the Colorado wildfires of the past few weeks. In addition to community-oriented gestures,... Continue reading
Posted Jul 16, 2012 at fi360 Blog
Today marks the first day under FINRA’s updated suitability rule. The update is particularly notable for its timing, while we are waiting for a uniform fiduciary standard for broker-dealers and investment advisors and a potential self-regulator for investment advisors, and... Continue reading
Posted Jul 9, 2012 at fi360 Blog
In today’s uncertain economic times and election year focusing on critical issues from the size of the national debt to the prospect that our nation’s baby boomers will outlive their retirement savings, it warrants our attention to focus on financial... Continue reading
Posted Jul 2, 2012 at fi360 Blog
Two recent surveys offered seemingly very different takes on the wisdom of marketing “fiduciary.” TD Ameritrade Institutional’s Advisor Index indicates that the fiduciary distinction is the number one reason why clients choose an RIA. President Tom Nally even said via... Continue reading
Posted Jun 25, 2012 at fi360 Blog
Last week, we published the final report of results from the 2012 fi360-AdvisorOne Fiduciary Survey. This was the second year in a row we have conducted the survey, which gauges attitudes and understanding of the fiduciary standard by investment advisors... Continue reading
Posted Jun 18, 2012 at fi360 Blog
The proposed SRO legislation H.R. 4624 was the subject of intense industry debate prior to Wednesday’s House Committee on Financial Services hearing and took center stage that day. See fi360’s summary of the legislation here. Richard Ketchum CEO of FINRA,... Continue reading
Posted Jun 11, 2012 at fi360 Blog
The House Financial Services Committee is holding a hearing this Wednesday on the proposed bill from House representatives Bachus and McCarthy that would authorize one or more SROs for oversight of investment advisers (for reference, fi360 has written an executive... Continue reading
Posted Jun 4, 2012 at fi360 Blog
In his most recent Fiduciary Corner column for InvestmentNews, Blaine looks at how low interest rates are testing the balance between what’s best for a company versus what’s best for the plan participants in defined benefit pension plans. In short,... Continue reading
Posted May 29, 2012 at fi360 Blog
In a nice symmetry, “the future” was a featured talking point in both dialogues about the advisory business and as part of the ongoing discussion of who will be regulating that business. >>>>At the FPA Retreat in Scottsdale last week,... Continue reading
Posted May 14, 2012 at fi360 Blog
While much of the coverage on new ERISA fee disclosure rules, including coming from us, has understandably been focused on compliance measures for advisors, it is important to remember the reason for these rules in the first place. They are... Continue reading
Posted May 7, 2012 at fi360 Blog
>>>>Last week was the center of the fiduciary universe was in Chicago, as many of the leading fiduciary thinkers, practitioners, and advocates gather for the eighth annual fi360 Conference. We already shared with you last week some of the big... Continue reading
Posted Apr 30, 2012 at fi360 Blog
>>>>Coincidentally, two pieces came out in the past week that both addressed long-term care issues for advisors and their clients. An InvestmentNews webinar featured several experts discussing long-term care issues in the context of financial planning. Among the subjects they... Continue reading
Posted Apr 23, 2012 at fi360 Blog
>>>>We learned last week that an updated SRO bill draft is expected to be released by the House Financial Services Committee sometime soon. In September, Rep. Spencer Bachus released a draft bill that would have authorized the creation of one... Continue reading
Posted Apr 16, 2012 at fi360 Blog