Fiduciary Links: ERISA 3(38) Investment Management Agreement Webinar Announced
Posted by fi360 Team on July 01, 2013
>>>>On Thursday, July 11th, fi360 and Pioneer Investments will be hosting a webinar, ERISA 3(38) Investment Management Agreement, at 4:15 p.m. ET. The session will be led by ERISA attorney Fred Reish from Drinker Biddle & Reath LLP law firm.
Some of the topics that will be covered include the role of a 3(38) discretionary investment manager for 401(k) plans, and the protections afforded to plan sponsors and fiduciaries. The decisions that need to be made in the development of a 3(38) investment manager relationship and the unique provisions of a 3(38) advisory agreement as compared to a 3(21) non-discretionary agreement will also be discussed.
This session will count as one hour of free CE credit for those with the AIF or AIFA designation. The session will end with a Q&A period. You can register for the event here.
>>>>A recent survey conducted by Paladin Advisor Research & Registry found that only 14% of RIAs with IARs discussed their method of compensation when marketing their financial advice to potential clients. This strategy can lead to confusion and misunderstanding, and may even impact credibility.
When investors were questioned about advisor compensation, 86% were confused by expenses deducted from their accounts. Further inquiry revealed that only 26% of investors were interested in finding the lowest-cost provider, while most were desirious of finding an advisor they could trust.
Now on to the rest of the best links from last week:
News and columns from the leading trade, consumer, and mainstream media:
- Advisors: Unplug Already. How would you spend your time if you didin't check your work email or answer calls for 25 days? [FinancialPlanning]
- According to a survey by Accounting Today, many CPAs have only loosely embraced financial planning. [FinancialPlanning]
- Wealthy families are vulnerable to security threats. [AdvisorOne]
- Can estate tax legislation make it on it's own? The House, Senate bills would abolish inheritance levy. [InvestmentNews]
- Advisers to small plans girds for DOMA aftermath: undersized businesses face a bevy of changes to health plans, 401(k) following Supreme Court ruling in Defense of Marriage Act. [InvestmentNews]
- Knowing what the client wants can save money, drive new business. [InvestmentNews]
From the organizations/associations/government/academia:
- Julie M. Riewe and Marshall S. Sprung Named Co-Chiefs of Asset Management Unit. [SEC}
- Chicago Regional Office Director Merri Jo Gillette to Leave SEC. [SEC]
- Timothy B. Henseler Named Director of the SEC's Office of Legislative and Intergovernmental Affairs. [SEC]
From the blogs:
- Trending Topics for ERISA Plan Sponsors [FiduciaryNews]
- Seven basic investment concepts every 401(k) participant must understand. [FiduciaryNews]
- Why only 14% of RIAs volunteer complete pricing information to clidents, and why selective fee disclosure is not a winning strategy. [FiduciaryNews]
- Health Care Reform and You: a summary of some of the coming changes in 2013 and 2014. [AllThingsFinancialPlanningBlog]
Articles your clients are reading (or should be):
- The Cost of Worrying About Money: It can decrease productivity at work. [USNews]
- How to Review Your Investments. [USNews]
- As Markets Falter, Stay Diversified. [USNews]
- Advice About Picking a Winning Fund Manager, and why finding a hot fund manager won't lead to better returns. [USNews]
- What lifestyle changes will you make in retirement? [TheChicagoFinancialPlanner]
Have a link we missed? Leave them in the comments section or email us at blog@fi360.com. For more of the best links during the week, make sure you follow us on Twitter.
