by Greg Bates | Oct 29, 2018 | Financial Industry News
When an appeals court vacated the Department of Labor’s fiduciary rule, many states decided to take the fiduciary issue into their own hands. Then, the Securities and Exchange Commission put forth a rule package that would require brokers and advisors to act in...
by Greg Bates | Aug 31, 2018 | Financial Industry News, Insurance Planning
Life Insurance is a scary subject. Why? Because it means we have to talk about the inevitability of death. But here’s why it’s important to talk about it. How many times have we been invited to a plate sale to help support a family who unexpectedly lost a loved...
by Greg Bates | Aug 3, 2018 | Financial Industry News
The Fed kept policy steady on Wednesday while signaling it views another rate hike is likely as soon as September. At a two-day meeting that ended Wednesday, the Fed voted unanimously to keep its benchmark federal-funds rate in a range of 1.75% and 2%. In a statement,...
by Greg Bates | Jul 19, 2018 | Estate Planning, Financial Industry News
Ask anyone and the client service experience with a traditional corporate trustee ranks alongside any DMV office. It was not always this way. Prior to the bank consolidations beginning in the 1980s, corporate trustees, by and large, gave solid customer service. And...
by Greg Bates | May 4, 2018 | Financial Industry News
In a last-ditch effort to keep the fiduciary rule alive, AARP and State Attorneys General filed separate motions to intervene in the case last Thursday, April 26th. The Fifth Circuit Court of Appeals has denied motions by the AARP and State Attorneys General of...
by Greg Bates | Apr 28, 2018 | Financial Industry News
In a 2 to 1 decision, the Fifth Circuit struck down the DOL rule in mid-March, agreeing with the plaintiffs that the department overstepped its boundaries in creating the rule. The DOL itself has until April 30th to appeal the court’s decision but there’s been no...
Recent Comments