Red Flag: Do 401k Plans Need a QDIA?
What is QDIA? Why is QDIA important? What are the characteristics of a QDIA? Does a plan have to have a QDIA? What are the requirements of the plan sponsor?...Read More
5 Ways to Explain Fiduciary Duty to Your Prospects and Clients
There’s a lot of talk out there on what it means to be a fiduciary and how it is beneficial to the clients to understand the difference between who is...Read More
New Fiduciary Rule Introduced in Maryland
Lawmakers in Maryland have recently introduced a new bill (Senate Bill 786) called the Financial Consumer Protection Act of 2019. Within the bill is a provision which would require broker-dealers,...Read More
3 Updates on Current Fiduciary Lawsuits
We often talk about living in a “fiduciary era”, and new lawsuits are still a big part of it. Plan sponsors are facing lawsuits for excessive fees, poor performing funds,...Read More
As a Fiduciary, How Well Do You Know Your Risk?
Recently FINRA has released its 2019 Risk Priorities and Examination Priorities Letter, where investment suitability remains its top priority. The main category in the suitability area continues to be deficient...Read More
How can Plan Advisors Grow their 401(k) Practice in 2019?
With a new year, we have new challenges and ways to grow businesses. Changing political trends, regulations, and new technology could make navigating the 401(k) space challenging. However, that doesn’t...Read More