In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry. Legislation DOL releases proposed class Prohibited Transaction Exemption (PTE) with respect to fiduciary advice. On June 29, 2020, DOL released a proposed class PTE that would allow “investment advice fiduciaries … to receive compensation, including as a result of advice to roll over assets from a Plan to an IRA, and to engage in principal transactions, that would otherwise violate the prohibited transaction provisions of ERISA and the Code.”
In an effort to keep our clients informed, Ellwood looks forward to providing a high-level overview of current legislative, regulatory, and litigation issues in the retirement industry.
Changing investor demographics and an increasing sense of global crisis—think climate change, cybersecurity, disadvantaged populations and more—has led to a remarkable surge in sustainable investing. Have investors realized that what’s good for the world can also be good business?
On March 27, 2020, President Trump signed into law a $2 trillion stimulus package in response to the coronavirus pandemic and the economic crisis it has generated. The legislation passed Congress with broad bipartisan support.
On December 20, 2019, President Trump signed appropriations legislation that included the Setting Every Community Up for Retirement Enhancement (SECURE) Act. In this commentary, we provide detail on the highlights of the new legislation.
As a defined contribution (DC) plan sponsor and fiduciary, you want to do right by all employees. You’re driven to increase participation rates and help participants save and grow assets, to keep plan costs reasonable, and to ensure continued access to appropriate investment options. But what about helping participants understand how to manage and spend their assets in retirement?
For over 40 years, we’ve served our clients by delivering independent, unbiased advice. We believe that an independent firm, one with no outside influences or pressures to sell or provide secondary services, is one that serves clients’ best interests. With the wave of mergers and acquisitions in the investment consulting industry, we wanted to reaffirm to our clients what it means to be independent and why we think that’s important.
How can foundations and endowments navigate a low-return environment given lower expected returns?
Read our key highlights from this year's Healthcare Financial Management Association Annual National Institute, including HFMA's leadership address and Fitch Ratings Rating Agency Update.
Goals-based investing has emerged as an attractive alternative to traditional investing. Read our latest Viewpoint to understand how advisors have employed this approach to help build a more sustainable and scalable business.