ERISA Penalty Box http://wealthmanagement.com/blog/19901/feed Tips, tools and best practices on adapting to the new era of full disclosure and ERISA compliance. en ERISA 2013 Trends - Increased Enforcement, Confusion, Fear, Backlash http://wealthmanagement.com/blog/erisa-2013-trends-increased-enforcement-confusion-fear-backlash <div class="node-body blog-body">As we move into the second half of 2013, let’s take a look at some of the meaningful trends as the new ERISA regulatory requirements take hold. •June 2011: Towers Watson study revealed the following top three items on plan sponsors’ minds for the next two years: 1.Regulatory compliance; 2.Investment volatility; and 3.Vendor service quality. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/erisa-2013-trends-increased-enforcement-confusion-fear-backlash" target="_blank">read more</a></p> http://wealthmanagement.com/blog/erisa-2013-trends-increased-enforcement-confusion-fear-backlash#comments ERISA Penalty Box Tue, 30 Jul 2013 19:16:00 +0000 333862 at http://wealthmanagement.com SEC 2013 Examination Focus on Retirement Plans Impact Analysis and Action Items http://wealthmanagement.com/blog/sec-2013-examination-focus-retirement-plans-impact-analysis-and-action-items <div class="node-body blog-body">In addition to the registration risk factors identified above by the SEC, broker-dealers and registered investment advisors may want to consider the two cases summarized below that involved TPAs.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/sec-2013-examination-focus-retirement-plans-impact-analysis-and-action-items" target="_blank">read more</a></p> http://wealthmanagement.com/blog/sec-2013-examination-focus-retirement-plans-impact-analysis-and-action-items#comments Commentary ERISA Penalty Box Fri, 26 Apr 2013 18:50:00 +0000 277262 at http://wealthmanagement.com Findings against USI Advisors and Morgan Keegan Illuminate the Need for Global Written Policies and Procedures http://wealthmanagement.com/blog/findings-against-usi-advisors-and-morgan-keegan-illuminate-need-global-written-policies-and-pro <div class="node-body blog-body">With the regulators circling the waters on conflicts of interest and the information sharing arrangements that exist between the DOL and the SEC beginning to produce enforcement actions, the time has come for broker-dealers and registered investment advisors to develop global ERISA centric policies and procedures that enable them to both compete and mitigate risk. Policies must be thorough enough and reasonably designed to identify conflicts of interest, manage and pre-empt the types of prohibited conduct illuminated in the DOL’s findings against USI Advisors and Morgan Keegan.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/findings-against-usi-advisors-and-morgan-keegan-illuminate-need-global-written-policies-and-pro" target="_blank">read more</a></p> http://wealthmanagement.com/blog/findings-against-usi-advisors-and-morgan-keegan-illuminate-need-global-written-policies-and-pro#comments ERISA Penalty Box Tue, 25 Sep 2012 00:06:00 +0000 217741 at http://wealthmanagement.com Findings against USI Advisors and Morgan Keegan Illuminate the Need for Global Written Policies and Procedures http://wealthmanagement.com/blog/findings-against-usi-advisors-and-morgan-keegan-illuminate-need-global-written-policies-and-p-0 <div class="node-body blog-body">With the regulators circling the waters on conflicts of interest and the information sharing arrangements that exist between the DOL and the SEC beginning to produce enforcement actions, the time has come for broker-dealers and registered investment advisors to develop global ERISA centric policies and procedures that enable them to both compete and mitigate risk. Policies must be thorough enough and reasonably designed to identify conflicts of interest, manage and pre-empt the types of prohibited conduct illuminated in the DOL’s findings against USI Advisors and Morgan Keegan.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/findings-against-usi-advisors-and-morgan-keegan-illuminate-need-global-written-policies-and-p-0" target="_blank">read more</a></p> http://wealthmanagement.com/blog/findings-against-usi-advisors-and-morgan-keegan-illuminate-need-global-written-policies-and-p-0#comments ERISA Penalty Box Tue, 25 Sep 2012 00:06:00 +0000 217751 at http://wealthmanagement.com Ready or not ERISA people here comes the DOL! http://wealthmanagement.com/blog/ready-or-not-erisa-people-here-comes-dol <div class="node-body blog-body">The cases summarized below highlight the DOL’s commitment to ‘a rigorous enforcement of the law’ and underscore the need for competent guidance on ERISA compliance. While proactive retirement plan advisors are leveraging new challenges to create opportunities (e.g., educating plan sponsors on requirements, assisting with the implementation and maintenance of policies and procedures, supporting document retention and compliance reporting, etc.), many financial professionals lack the experience or commitment to assist in this regard.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/ready-or-not-erisa-people-here-comes-dol" target="_blank">read more</a></p> http://wealthmanagement.com/blog/ready-or-not-erisa-people-here-comes-dol#comments ERISA Penalty Box Sun, 05 Aug 2012 23:35:00 +0000 213471 at http://wealthmanagement.com Q and A Perspective on 408(b)(2) from cutting edge recordkeeper Ascensus http://wealthmanagement.com/blog/q-and-perspective-408b2-cutting-edge-recordkeeper-ascensus <div class="node-body blog-body">It has become increasingly more difficult for the casual advisor to effectively compete in this space, opening the door for the experienced advisor to add value not only in the area of compliance, but moving towards a model that focuses more on client outcomes. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/q-and-perspective-408b2-cutting-edge-recordkeeper-ascensus" target="_blank">read more</a></p> http://wealthmanagement.com/blog/q-and-perspective-408b2-cutting-edge-recordkeeper-ascensus#comments ERISA Penalty Box Sun, 22 Jul 2012 14:45:00 +0000 211651 at http://wealthmanagement.com Q and A with top producer Stephanie Gallegos' and her "chill perspective" on 408(b)(2) and 404(a) http://wealthmanagement.com/blog/q-and-top-producer-stephanie-gallegos-and-her-chill-perspective-408b2-and-404a <div class="node-body blog-body">Q and A with top producer Stephanie Gallegos, an investment advisor representative with NFP Thorbahn in Boston, MA and her thoughts on the regulatory environment. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/q-and-top-producer-stephanie-gallegos-and-her-chill-perspective-408b2-and-404a" target="_blank">read more</a></p> http://wealthmanagement.com/blog/q-and-top-producer-stephanie-gallegos-and-her-chill-perspective-408b2-and-404a#comments ERISA Penalty Box Mon, 25 Jun 2012 16:35:00 +0000 149401 at http://wealthmanagement.com Welcome to the ERISA Penalty Box http://wealthmanagement.com/blog/welcome-erisa-penalty-box <div class="node-body blog-body">IT IS 408(b)(2) and 404(a)(5) FREAK OUT TIME - ready or not DOL is coming!!</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/erisa-penalty-box">ERISA Penalty Box</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/welcome-erisa-penalty-box" target="_blank">read more</a></p> http://wealthmanagement.com/blog/welcome-erisa-penalty-box#comments ERISA Penalty Box Sun, 03 Jun 2012 23:19:00 +0000 147421 at http://wealthmanagement.com