Mike Wesson of Acuff & Associates has shared the fact finder document he provides to the Advisors with whom he works. It is a simple two page piece with questions and suggestions outlined for an Advisor to easily use when out prospecting on their own.
The Employee Retirement Income Security Act of 1974 (“ERISA”) is the statute that governs the non-tax aspects of the implementation and operation of an employee pension benefit plan (hereinafter “plan”), as defined in ERISA section 3(2). The Employee Benefits Security Administration (“EBSA”) division of the U.S. Department of Labor ("DOL") is tasked with the administration of ERISA.
The focus of this paper is to summarize for the retirement plan financial adviser the existing ERISA regulations impacting his or her practice and then to note how the proposed regulations issued by the Employee Benefits Security administration ("EBSA") on April 14, 2015 that change the definition of "investment advice fiduciary" would affect both the existing ERISA regulations and the current business practices of the adviser.
A Retirement Plan Evaluation Tool for gathering relevant plan data to assist you with your review of the plan.
Why are some retirement plan advisors seemingly more successful than others?
Clearly having something extra to share with your referral source partners is a differentiator. It will help both of you to develop a proposal that is more comprehensive and prospect appropriate. Franklin Templeton is offering this tool for your use, take advantage of this free resource and elevate your firm in the eyes of your referral sources.
The Defined Contribution Institutional Investment Association (DCIIA) offers valuable research, information and materials that focus on helping better decision making leading to improved retirement readiness.
Read Frankin Templeton's whitepaper "US Department of Labor Proposes Sweeping Changes to Definition of Investment Advice Fiduciaryunder ERISA."