Month: April 2016

Of Robos and Retirement

I recently attended a wealth management conference in Phoenix at which the rise of robo-advisors was a hot topic. The conference theme was “Where Disruption Meets Opportunity.” Robo-advisors, as you may already know, are online wealth management services that provide automated, algorithm-based investment advice, generally without the aid...

The Dilemma of Innovative Investment Strategies (Part 2)

The Dilemma of Innovative Investment Strategies:  The Intel 401(k) Litigation What fiduciary steps must be in place to prudently investigate and monitor such investments? The responsible fiduciaries managing innovative investments must follow the following best practices: “Solely in the interest of the participants and beneficiaries” The first step...

Everyone is a Fiduciary, Now What?

The reality is that not everyone will be a fiduciary, but it’s sure going to appear that way. Whether you are an advisor that currently accepts fiduciary responsibility or you have been/are prohibited from doing so, at a plan sponsor level or participant level, the proverbial playing field...

The Spirit of the DOL Conflict of Interest Rule

On April 6, 2016 the Department of Labor (DOL) finalized a rule (and related exemptions), commonly called the fiduciary or conflict of interest rule, intended to protect retirement savers by mandating that investment advice be in their best interest. The DOL streamlined and simplified the ‘finalized’ rule to...

Implications of the Fiduciary Rule

After months of anticipation and years of debate, the Department of Labor (DOL) “Conflict of Interest Rule” has finally been released.  During the proposal process, the DOL fielded over 400,000 comments, some of which were in opposition to the rule while others were seeking clarification to specific areas...

The Dilemma of Innovative Investment Strategies (Part I)

The Intel 401(k) Litigation Do ERISA plans have the authority to innovate? The plaintiff’s claim in the Intel litigation seems to indicate that ERISA investments, particularly participant directed investments, must stringently follow mainstream strategies and that deviation from such strategies is, per se, imprudent. But, many innovative investment...