The New Fiduciary Rules: What Do You Need to Know and Do Now

Tue, Jan 31, 2017 11:00 AM EST


The Department of Labor fiduciary rule significantly broadens the scope of retirement advisors deemed to be ERISA fiduciaries. A number of exclusions and exemptions are necessary to preserve the flow of information to plans and plan participants from their advisors who could otherwise be forced to limit their plan communications. This presentation will examine how the Trump presidency could impact the rule, the requirements for qualifying under the new Best Interest Contract Exemption (the “BICE”), which is the centerpiece of this system of conditional dispensations, and practical implications of the fiduciary rule for broker–dealers, registered investment advisors, and wirehouses and how asset managers may wish to assist their partners.

Marcia S. Wagner, JD, is a specialist in pension and employeebenefits law and is the principal and founder of The Wagner Law Group, one ofthe nation’s largest boutique law firms, specializing in ERISA, employeebenefits, and executive compensation. Ms. Wagner is recognized as an expert ina variety of employee benefits issues and executive compensation matters. She wasappointed to the Advisory Committee on Tax Exempt and Government Entities, was chair of its Employee Plans subcommittee,and received the IRS’ Commissioner’s Award. Ms. Wagner has been inducted as a fellowof the American College of Employee Benefits Counsel, has been listed her asone of 401k Wire’s 100 MostInfluential Persons for the past eight years, has received the Top Women of LawAward in Massachusetts, and is listed among the Top 25 Attorneys in NewEngland. She is a prolific author of many articles and 15 books and is widelyquoted in business publications such as theWall Street Journal, Financial Times,Pensions & Investments and is afrequent guest on FOX, CNN, Bloomberg, NBC, and other televised media outlets.She earned a BA from Cornell University and a JD from Harvard Law School.

IMCA is the professional association for advanced investment advisors and wealth managers delivering the prestigious CIMA and CPWA certifications as well as conferences, membership, and publications. Learn more at www.IMCA.org .