What Financial Professionals Should Know About Shared Limits vs. Individual Limits When it comes to your Errors and Omissions Liability Insurance, small policy details—such as shared limits versus individual limits—can make a huge difference. Consider the following: a corner bakery you visit every day runs out of your favorite pastry just before you reach the [...]
Read MoreWhy Today's Financial Professionals Need Errors and Omissions Liability Insurance While all investments involve risk for the investors, a considerable risk also exists for the financial professionals who provide services to those investors. Even if you are extremely diligent in the exercise of your duties and enjoy great relationships with your clients today, you could [...]
Read MoreNew York Introduces Best Interest Standard for Annuity Sales Individual states continue to introduce their own rulings, following the SEC Regulation Best Interest ruling. The new requirements under Regulation Best Interest and the disclosure requirements on broker-dealers and investment advisors will take effect on September 10, 2019. As of August 1, New York financial professionals have [...]
Read MoreFiduciary Rule and Its Effect on Financial Professionals—Part IV: Individual State Rulings A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. It has been phased [...]
Read MoreFiduciary Rule and Its Effect on Financial Professionals—Part III: What to Do as a Financial Professional A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. [...]
Read MoreFiduciary Rule and Its Effect on Financial Professionals—Part II: Where It Stands Today A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. It has been [...]
Read MoreFiduciary Rule and Its Effect on Financial Professionals—Part I: Origins A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. It has been phased in, withdrawn, [...]
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