Department of Labor Issues Cybersecurity Guidance
The Department of Labor’s Employee Benefits Security Administration today issued long-anticipated guidance on cybersecurity and best practices for protecting retirement benefits.
Browsing: Wealth Management
Department of Labor to Revisit ESG, Proxy Voting Final Rules
In response to concerns raised by industry stakeholders including the American Bankers Association, the Department of Labor will revisit its recent final rules regarding environmental, social or governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act
Podcast: The Changing Faces of Wealth Management
From the ongoing generational wealth transfer to new “wealthtech” solutions and investor demands for sustainability and diversity, big changes are happening in the wealth management sector.
A Wealth of Opportunity
2020 summoned up all the resources a wealth adviser could provide. The investments banks made in client communications and digital transformation are likely to serve them well in 2021.
Putting ‘Wealthtech’ to Work to Expand Client Engagement
In adjusting to current market demands, banks must expand their engagement efforts in order to attract new clients as well as deepen relations to retain existing clients.
DOL Provides Temporary Relief for Fiduciaries of Plans with Missing Participants
The Department of Labor this week issued a field assistance bulletin to address the problem of so-called “missing participants”—participants and beneficiaries of terminating or abandoned retirement plans who fail to make an election regarding a form of plan distribution—for ERISA fiduciaries administering these plans.
Now is the Time to Reinvent Wealth Management
Harnessing a multichannel approach will champion your bank’s purpose and vision to benefit your clients, your advisers and the world.
Darrin Williams: Behind the Scenes at an Innovative CDFI
Southern Bancorp’s high-touch focus on pairing in-depth financial counseling with a Bank On-certified checkless checking account to help reach the unbanked in the Delta.
Labor Department Finalizes Fiduciary Investment Advice Exemption
The Department of Labor today finalized its proposed class exemption on fiduciary investment advice.
DOL Finalizes Rule on Proxy Voting
The Department of Labor today issued a final rule formalizing requirements regarding a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.