An historic reluctance to deal with federal regulators is apparently slowing the ability of the insurance industry to properly comply with the Department of Laborās new fiduciary standard as of the April 2017 deadline. Read Full Article
Six independent marketing organizations, or IMOs, have applied to the Department of Laborās Office of Exemption Determinations to become a āfinancial institution.” Read Full Article
Since the Department of Labor handed down its fiduciary rule, the industry has been abuzz about the outlook for insurance-only producers who sell fixed indexed annuities through independent marketing organizations. The reason: The rule doesnāt include IMOs in its definition of a āfinancial institution.ā Read Full Article
Eric Roberge, founder of Beyond Your Hammock, a Boston registered investment adviser, says that he uses virtual discussions for 95% of client and prospect meetings, citing their flexibility. Read Full Article
The government’s last jobs report gave the Federal Reserve’s rate-setting panel a jolt that set off worries about the health of the job market.Ā Read Full Article
MDRT member Jason Smith offers tips for preparing for compliance with the U.S. Department of Labor’s fiduciary rule. Read Full Article
As the debate between active and passive management rages on, there has been more interest in a hybrid approach to building a portfolio using a factor-based approach. Read Full Article
The overwhelming growth trend of independent RIAs and dually licensed firms continues to be an undeniable force in the financial industry. Read Full Article
They have baby steps, checklists and books galore, but is it really a smart idea to follow the advice of a budgeting superstar? Read Full Article
Both proponents and opponents predict more tweaks under way as proposal moves forward.Ā Read Full Article