NAIFA Blog

Gaudreau, Mayeux Address NAIFA's Congressional Conference

May 25, 2016

NAIFA President Jules Gaudreau and CEO Kevin Mayeux welcomed attendees to NAIFA’s 2016 Congressional Conference yesterday and spoke about the importance of advisors’ political involvement to their clients and the insurance and financial services industry.   Gaudreau said that while planning and products are the most obvious benefits advisors offer their clients, consumers are also beneficiaries of advisors’ advocacy work.   “But it’s professionals like you, who are politically act...

NAIFA Members to Meet with Lawmakers May 25

May 20, 2016

The Department of Labor’s final rule to expand the definition of investment advisor fiduciaries under ERISA is complex and poses uncertainty on how the rule will impact retirement investors’ access to affordable products or advice, members of the National Association of Insurance and Financial Advisors will tell Congress May 25 during meetings on Capitol Hill. The meetings take place during NAIFA's 2016 Congressional Conference May 24-25 at the Gaylord Hotel at National Harbor, Md. “Th...

NAIFA President Jules Gaudreau Answers a Few Questions About NAIFA and the DOL Rule

April 29, 2016

Does the DOL rule reflect a victory for NAIFA? It is a victory for NAIFA’s advocacy, sure. The rule itself is not a “victory for NAIFA.” The fact that The DOL addressed many of the most troubling provisions in earlier drafts of the rule, sometimes using the very language and concepts suggested by NAIFA, shows the effectiveness of our advocacy efforts. A handful of the positive changes include: The Best Interest Contract (BIC) provisions can be incorporated into new account for...

Statement from NAIFA President Jules Gaudreau on the DOL Fiduciary Rule

April 6, 2016

“NAIFA members and others within the insurance and financial services industry worked diligently with the Department of Labor to address many concerns we had with the DOL’s draft rule,” said Jules Gaudreau, president of the National Association of Insurance and Financial Advisors.  “We appreciate that DOL has accepted many of NAIFA’s suggestions and reworked some portions of the rule to address concerns raised during the review process.”     “We remain cautious, and it remains to be seen ...

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As NAIFA Waits for DOL Rule, Politico Has Trouble Finding Consumers It Would Help

April 5, 2016

NAIFA, like everyone else, anticipates that the Department of labor is set to announce tomorrow its final fiduciary rule for advisors providing their clients with retirement advice and services. NAIFA has worked diligently throughout this process to educate the administration and members of Congress about the rule’s potential unintended consequences that could deprive middle-market savers of access to professional, individualized advice. While we have not seen the final rule, indications ar...