Category Archives: Fiduciary

The New Fiduciary Rule and Your Retirement Accounts

You may recall the dustup that happened last February, when President Trump announced by memorandum a delay in the implementation of the fiduciary rule for retirement plans, scheduled to take effect on April 10, 2017. This rule, created during the … Continue Reading

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To Halt or Not to Halt? The Fiduciary Rule Is the Question

At last week’s TD Ameritrade conference, the halls were abuzz with news that an executive order signed by President Trump on February 3, 2017, would halt implementation of the Department of Labor’s fiduciary rule. This became a major topic of … Continue Reading

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Will the DOL’s Fiduciary Rule Survive?

A few weeks ago, RIA Biz ran an interesting article on the fate of the DOL’s fiduciary rule where MarketCounsel president and CEO Brian Hamburger predicted a Trump administration would move to repeal the DOL rule prior to it becoming … Continue Reading

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Is the DOL Fiduciary Rule Here to Stay?

We heard some good news about the Department of Labor’s (DOL) new fiduciary regulations last week. William McNabb, chairman and chief executive officer of Vanguard, said at the Morningstar Investment Conference last week that he believes the new regulations will … Continue Reading

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DOL’s Fiduciary Ruling Faces Legal Challenge

The lawsuit everyone has been waiting finally arrived last week, perhaps opening the litigation flood gates. As John Manganaro writes in “Anticipated Lawsuit against DOL Fiduciary Rule Has Arrived,” a coalition of national financial and business trade groups has filed … Continue Reading

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The DoL’s Fiduciary Rule: A Step in the Right Direction

When the Department of Labor (DoL) finalized its fiduciary rule last week, it seems there was something for everybody. As of January 2018, all financial advisors will be required to act in their client’s best interest when giving retirement investment … Continue Reading

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Update on the Fiduciary Rule

At a time when political rhetoric surrounding Congress inserting itself into the fiduciary debate has muddied the waters for consumers of financial advice, Joshua Brown’s The Most Horrendous Lie on Wall Street presents the truth. The author of Backstage Wall … Continue Reading

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Fee-Only Should Mean Just That

When I tell you Bernhardt Wealth Management (BWM) is a fee-only firm, I mean just that. Charging a fee on the assets we manage is the only way we are compensated by our clients. We do not earn commissions. I … Continue Reading

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Much Ado about Excessive Fees in 401(k) Plans

A recent Supreme Court decision could have broad ramifications. On May 18, in Tibble v. Edison International, #13-550, the Supreme Court ruled unanimously in favor of participants in Edison International’s retirement plan who objected to their company choosing mutual funds … Continue Reading

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Department of Labor’s Proposed Amendment to the Fiduciary Rule

(Note: Last week we discussed the new rules proposed by the Department of Labor (DOL) to require financial advisors act solely in their clients’ best interests when investing for retirement. If you missed it click here: A Fiduciary Standard for … Continue Reading

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