U.S. Chamber Event Explores Fiduciary Impacts

September 14, 2017

NAIFA member Joe Cope, CFP, founder and CEO of Cope Connelly in Bethesda, Md., was part of an expert panel at last week’s “ Fiduciary Duty: Assessing the Real World Impact ” event put on by the U.S. Chamber of Commerce. As a participant in the “Advisor Perspectives” session of the meeting, Cope explained how the Department of Labor fiduciary rule is impacting clients and their relationships with advisors. "The DOL rule does impact my conversations with small clients and the decision of wh...

NAIFA Cancels 2017 P+P Conference

September 5, 2017

Dear NAIFA Members: Due to the state of emergency declared by Florida Gov. Rick Scott for the entire state of Florida and the projected path and timing of the Category 5 Hurricane Irma, the NAIFA Executive Committee has made an unprecedented decision to cancel the 2017 Performance + Purpose Conference in Orlando, scheduled Sept. 8-10. The safety of our members, families and guests is of paramount concern. The Annual Business Meeting will be rescheduled at a future date; information will...

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NAIFA Submits Comments to SEC on Advisor Standards of Conduct

August 31, 2017

NAIFA has responded to a request by the Securities and Exchange Commission for information on standards of conduct for investment advisors and broker-dealers by submitting a detailed comment letter .   In the letter, NAIFA encouraged the SEC to take the lead in developing and implementing “reasonable, effective, and harmonized standards and compliance requirements” for advisors and for other agencies, such as the Department of Labor, to work with the SEC.   NAIFA recommends that the ...

Wheeler Letter: DOL Rule Will Impact Smaller Investors

August 24, 2017

NAIFA Trustee John Wheeler sent the following letter to the editors of Crain's Chicago Business in response to an op-ed column run by the publication that criticized Rep. Peter Roskam for his stance of the Department of Labor's fiduciary rule: To the editors,   I have been an insurance and financial advisor for 40 years, and Rep. Peter Roskam recognizes that my colleagues and I provide a critical service for many Illinoisans who are saving and investing for retirement. Perhaps this, des...

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DOL Proposes 18-Month Delay of Fiduciary Rule

August 10, 2017

The U.S. Department of Labor has proposed delaying the applicability date of key provisions of the DOL fiduciary rule for 18 months, from January 1, 2018 to July 1, 2019. The proposal is under review by the Office of Management and Budget.   “NAIFA welcomes the DOL’s decision to seek a delay of the fiduciary rule applicability dates and extension of the transition period,” said NAIFA CEO Kevin Mayeux. “There is so much at stake for everyday Americans investing for retirement who rely on t...

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