News
Stay up to date on the latest news, industry updates, and releases related to Broadridge Fi360 Solutions.
SEC Enforcement Slowly Tilting Fiduciary Needle toward ERISA
Corporate Compliance InsightsJanuary 17, 2018
At stake in the prolonged debate over a “best-interest” standard of care for retirement advice are $7.5 trillion in 401(k)-type assets and $8.4 trillion in IRA assets. Whether or not the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) will eventually come to agreement on a uniform standard of conduct remains to be seen, but the SEC’s inspection and enforcement arms are slowly forging ahead by imperceptibly moving the regulatory needle in favor of the DOL’s higher standard for advice-givers. Compliance officers, as well as plan sponsors’ HR Departments and the investment committees that oversee 401(k)-type defined contribution plans, are wise to examine this trend, as it can impact their business moving forward.
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Fi360 Expands Fiduciary Essentials Training Program for Financial Professionals
Fi360January 17, 2018
Updated Fiduciary Essentials for Advisors curriculum enables financial professionals to successfully navigate the evolving regulatory and market environment
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Fiduciary Expert Blaine Aikin Takes Expanded CEFEX Role as Executive Chairman
CEFEXJanuary 16, 2018
CEFEX, the Centre for Fiduciary Excellence, LLC, an Fi360 company, is pleased to announce the appointment of Blaine F. Aikin, AIFA®, CFA, CFP®, as Executive Chairman of the company. In conjunction with this industry leader appointment, CEFEX is enhancing its Investment Advisor certification program.
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The latest in financial adviser #FinTech
InvestmentNewsJanuary 03, 2018
Welcome to the January 2018 issue of the Latest News in Financial Adviser #FinTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisers and wealth management!
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Time for SEC to take fiduciary baton from DOL
InvestmentNewsJanuary 02, 2018
With the core of the DOL fiduciary rule in place and the rest of it delayed for 18 months, can advisers expect all to be quiet on the fiduciary front in 2018? In a word, no. The regulatory baton has been passed from the DOL to the SEC and it's likely we will see an SEC fiduciary rule proposal by midyear, perhaps even in the first quarter.
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DOL Fiduciary Rule Transition Period Extended as the SEC Prepares to Issue Its Own Rule
Fi360 NewsDecember 19, 2017
The DOL has indicated that it is considering one or more new “streamlined” PTEs, without stating what
those might be. Based on various comments from the Department, certain types of products that are
designed to avoid compensation conflicts and do not pose special risks to investors, such as “clean” mutual
fund shares, may be targeted for favorable regulatory treatment under a new streamlined PTE.
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