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New DOL Rules For Managing IRAs 06-26-2024

Attendees Rating:

Excellent (90%)
Average (10%)
Below Average (0%)

Missy Davis

Thu, 06/27/2024 - 09:04

Comments
A few comments from listeners when they were asked what the learned from the webinar:

Make sure all of my brokerage IRA's are under a fiduciary/discretionary account that is being managed. Too many problems that can occur into the future.
- Geoff A.

I have listened to multiple telecasts on this subject and this was the best! . .Very clear and understandable!
- Donna J.

The requirement to reject a client or a sale if you lack a particular product or service. Limit on using a third-party database for fund expenses inside a 401k plan. Internal trading cost usually need to be estimated as most funds fail to disclose them.
- Frederick S.

lots of big changes that active financial professionals need to be aware of!
- Michi M.
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New DOL Rules For Managing IRAs
Presented by Kevin Clark, RF™, Plan Confidence
Kevin Clark

This webinar discussed about how on April 23, 2024, the U.S. Department of Labor released the Retirement Security Rule defining who is an investment advice fiduciary for purposes of the Employee Retirement Income Security Act (ERISA). The new rule will extend ERISA's fiduciary requirements to all advisers, brokers and insurance agents who provide advice on IRAs, including rollovers. The change starts going into effect on Sept. 23, though it might face legal challenges. The industry will then have another year to fully comply, the Labor Department said.

Attendees Comments:

A few comments from listeners when they were asked what the learned from the webinar:

Make sure all of my brokerage IRA's are under a fiduciary/discretionary account that is being managed. Too many problems that can occur into the future.
- Geoff A.

I have listened to multiple telecasts on this subject and this was the best! . .Very clear and understandable!
- Donna J.

The requirement to reject a client or a sale if you lack a particular product or service. Limit on using a third-party database for fund expenses inside a 401k plan. Internal trading cost usually need to be estimated as most funds fail to disclose them.
- Frederick S.

lots of big changes that active financial professionals need to be aware of!
- Michi M.