DOL Digest May 8, 2017

SSN Marketing Compliance, DOL

What the DOL Rule Delay Means for Our Advisors As we communicated on April 5, the Department of Labor has delayed implementation of its fiduciary rule until June 9, with some aspects delayed until Jan. 1, 2018. At this time, we do not have any indication that the June 9 effective date will be postponed. The DOL’s definition of a …

The Fees-able solution to the DOL Conundrum

SSN Marketing Business Development, DOL

The Fees-able solution to the DOL Conundrum By Simon Hoyle, Director of Business Development Will DOL add costs to your practice that feel like penalty fees for continuing to do right by your clients? Yes it will. Adding salt to the wound – advisor compensation is being squeezed like a Florida orange grove. What are you going to do about …

DOL Digest July 11, 2016

SSN Marketing Corporate Office, DOL

If you’re wondering whether you’ll need to restructure your value, pricing and service as a result of the Department of Labor’s fiduciary rule, consider these three near-certainties under the new regulation: If you deal with qualified accounts or IRAs, including IRA rollovers, you will likely be considered a fiduciary under the new DOL rule and will be subject to its …

DOL Fiduciary Rule

admin Compliance, DOL, Marketing, News

The Department of Labor released the final version of its fiduciary rule on April 4. Securities Service Network, Inc. has been preparing for the release of the final fiduciary rule, so we’re coming into this from a position of strength. Early in 2015, we assembled an 18-person task force across our sister broker-dealers made up of experts from legal, compliance, …

DOL Fiduciary Rule Advances to OMB

SSN Marketing Corporate Office, DOL

DOL Fiduciary Rule Advances to OMB By Doug Baxley, Vice President of Compliance Late on Thursday, January 28, the Department of Labor (DOL) took the next step in advancing their Fiduciary Rule proposal.  The controversial rule proposal was sent to the Office of Management and Budget (OMB) for a final review.  The OMB has up to 90 days to review the rule; …