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Thinking of an IRA Rollover? This New Rule Will Impact the Investment Advice You Receive
SmartAsset via AOL· 2 days agoFinancial professionals who give one-time investment advice will soon be legally required to act in their clients’ best interests under the Department of ...
Fidelity Sales Practices Violated Reg BI, Advisor Says in Whistleblower Suit | ThinkAdvisor
ThinkAdvisor· 3 days agoInvestments financial advisor has filed a lawsuit alleging the company fired him in retaliation for...
Labor Department Finalizes Investment Advice Fiduciary Rule Under ERISA | JD Supra
JD Supra· 3 days agoFor the second time in a decade, the Department of Labor (DOL) attempted to expand the reach (and requirements) of the Employee Retirement Income Security Act of 1974 (ERISA ...
Yet Another DOL Fiduciary Rule Released: Will the ‘Regular Basis’ of Prior Outcomes Follow ‘Suit’? |...
JD Supra· 1 day ago...Department of Labor issued a final release (the “Final Release”) which (1) finalized changes to its 1975 rule defining when institutions and individuals are providing fiduciary “investment advice” to plans that are subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) and/or...
The New Fiduciary Rule (31):The DOL’s Final Fiduciary Definition Compared to the Proposal | JD Supra
JD Supra· 1 day agoOn April 25, 2024, the Department of Labor published its final regulation on defining fiduciary status for investment advice, and the related exemptions ...
How Has the DOL’s Fiduciary Rule Affected Plan Sponsors? | JD Supra
JD Supra· 3 days agoIs it really that bad even for plan sponsors, as we hear from the many critics of the DOL’s newest definition of a fiduciary? It may or may not be, depending in part on whether ...
Carnegie Investment Counsel Celebrates 50 Years of Success, Unveils Refreshed Brand
WTNH-TV New Haven· 6 hours agoCarnegie was originally founded in 1974 as part of Prescott, Ball and Turben before later evolving into an independent RIA firm, Carnegie Capital Asset Management Company, in 1991. In 2009, ...
What the Fiduciary Rule Means for Investment Menu Advisement | PLANADVISER
PLANADVISER· 4 days agoIn the final release, DOL wrote that “The Department has not changed its position from the proposal that presenting a list of investments as having been selected for and appropriate ...
AI for IAs: How Artificial Intelligence Will Impact Investment Advisers | JD Supra
JD Supra· 4 days agoThe use of artificial intelligence and machine learning technology solutions ("AI") is becoming increasingly common in all industries, including the registered investment ...
‘I got seriously burned’: My financial adviser took me for lunch, bought my kids gifts — and had me...
Market Watch· 2 days agoWhen I finally learned I’d been scammed, it took me a decade to pull my money out of the various...