New DOL Rules For Managing IRAs
Guest Expert: Kevin Clark, RF™, Plan Confidence
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.
Please note: Quiz is for informational purposes only. It is not eligible for Continuing Education (CE) credit. Please click here if you would like to view our CE-eligible self-study courses.
New DOL Rules For Managing IRAs 06-26-2024
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.
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.
Attendees Comments:
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.