NAIFA Blog

NAIFA's Triple Crown

July 13, 2018

The magnificent chestnut colt Justify ascended to the Olympus of Thoroughbred racing earlier this year when he became only the thirteenth horse ever to achieve the vaunted triple crown. It was a great achievement for a great competitor. Meanwhile, at NAIFA we scored our own triple crown of advocacy victories, though our efforts took a bit longer than the two minutes or so Justify needed to vanquish the field at the Kentucky Derby.   NAIFA’s run for the roses actually began late last Dece...

Where Does NAIFA Stand on the SEC Best Interest Proposal?

July 6, 2018

The Securities and Exchange Commission in April proposed a rule that would establish a best-interest standard of conduct for broker-dealers and registered representatives. The fact that NAIFA was highly instrumental in turning back the flawed Department of Labor fiduciary rule has led to some speculation that NAIFA will oppose to the SEC proposal. NAIFA supports a best interest standard for advisors and looks forward to providing any assistance we can offer as the SEC refines its propo...

Happy Fourth of July From NAIFA!

July 3, 2018

Dear friends,   On behalf of the NAIFA Board of Trustees and staff, I would like to wish every NAIFA member a happy Independence Day!   The Fourth of July is all about coming together as a country and celebrating our shared values: our enduring freedoms, our sense of community, and our national pride. These are values NAIFA and our members hold dear. They also reflect some of the best attributes of our chosen profession.   We are in the business of providing financial freedom to o...

Fifth Circuit Issues Mandate Vacating DOL Fiduciary Rule

June 21, 2018

The U.S. Court of Appeals for the Fifth Circuit today issued its formal mandate to vacate the Department of Labor’s fiduciary rule for advisors working with retirement accounts. The mandate puts into force the court’s decision of March 15 . NAIFA worked tirelessly to reduce and eliminate the damage of the DOL rule to advisors and their clients. We worked with members of Congress, regulators from two administrations, and the federal courts to ensure that the rule did not harm advisors or...

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Members of Congress Providing Leadership on Financial Security

June 20, 2018

Approximately 850 insurance and financial advisors recently visited Washington, D.C., during NAIFA’s annual Congressional Conference . They met with their senators and representative and told the lawmakers about the financial risks and challenges their constituents in communities across the United States face. They explained how advisors provide clients with basic financial literacy education.   However, NAIFA members unfortunately cannot reach everyone. In fact, two out of three Amer...