Navigating the DOL’s Final Fiduciary Rule - Your Questions Answered
Date: June 27, 2024
Time: 2:00 pm - 3:00 pm EST
Following the impactful session on the Department of Labor's final fiduciary regulation and its widespread implications for financial advisors, we've recognized the necessity for a deeper dive. Navigating the DOL's Final Fiduciary Rule - Your Questions Answered serves as an essential continuation for financial advisors keen on comprehending and remaining compliant with the recent regulatory changes. Due to the high volume of unanswered attendee questions in our previous webinar, The DOL’s Final Fiduciary Rule and its Impact on Advisers, we are hosting this follow-up session to directly address your concerns. Our esteemed panel of expert attorneys will return to offer clarity on the rule, focusing on PTE 2020-02, rollover recommendations, IRA transfers, and mitigating conflicts of interest. This targeted webinar is designed to provide actionable insights into the fiduciary standard under ERISA, the Internal Revenue Code, and more. By attending this session, financial professionals will be empowered with the knowledge and tools necessary to navigate the complexities of the DOL's final rule, enhance their compliance strategies, and continue to serve their clients' best interests with integrity and confidence.
By the end of the session, attendees will be able to…
- Clarify Fiduciary Status. Pinpoint when an individual is acting as a fiduciary under ERISA and the Internal Revenue Code to ensure adherence to the highest standards of care.
- Identify Important Recommendation Categories. Understand which types of recommendations fall under the new rules, particularly concerning rollovers and IRA transfers.
- Navigate Prohibited Transactions and Exemptions (PTEs). Learn to identify what constitutes a prohibited transaction under the new rule and how to leverage exceptions to maintain compliance.
- Execute Compliant IRA Transfers. Grasp the specific requirements set forth by the DOL for recommending IRA transfers, ensuring all criteria are met to avoid regulatory pitfalls. 5) Adhere to Rollover Recommendation Protocols. Obtain guidance on crafting compliant plan-to-IRA rollover recommendations, including documentation, conflict-of-interest disclosures, and best interest assessments.
This webinar is approved for one (1) hour of Continuing Education (CE) credit for Fi360, CFP Board, and IWI Designations.
