Investment Sense Blog

Breaking Down the Department of Labor’s New Fiduciary Standard, Part 2

Posted on 06/30/2017

Contributed by Meghan Warren, special contributor

Last week, we provided an overview of the Department of Labor’s new fiduciary standard, set to go into effect this week, based on a number of presentations from experts around the country at IMCA’s Annual Conference Experience held last month. We discussed what the rule entailed and its legal implications for investment and wealth professionals. But what does this mean in practical terms? How might they need to change their practices and products to stay competitive under this new standard?

The Department of Labor’s Fiduciary Rule, Part 3: Implications for Wholesalers

Posted on 06/30/2017

Contributed by Meghan Warren, special contributor

The Department of Labor’s (DOL) new fiduciary standard, as of last Friday, is officially in effect. We’ve already covered it in prior blog posts (Part 1 here; Part 2 here) the broad contours of the rule, as well as the ways it’s poised to impact the industry. But wholesalers are in a unique position to be affected by the rule—what are their responsibilities when working with advisors and their clients? Will they need to transition their compensation model to include more fee-based arrangements?

Behavioral Economics for the Investments & Wealth Professional

Posted on 06/30/2017

Contributed by Meghan Warren, special contributor

At IMCA’s 2017 Annual Conference Experience, we heard from some of the premier voices in finance, psychology, marketing and business on how new disciplines and emerging trends can affect the investments and wealth management sector. One of those voices was Richard Thaler, Ph.D., a professor at the University of Chicago’s Booth School of Business, on the history of behavioral economics and its impact on financial services professionals.