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Investment Adviser Considerations: The Department of Labor’s Prohibited Transaction Exemption and Its Impact on Recommendations to Plans, Participants and IRAs (Part 4
)
On December 18, 2020, the DOL issued its final prohibited transaction exemption (PTE) that will allow conflicted compensation resulting from nondiscretionary fiduciary investment advice. The PTE is titled “Improving Investment Advice for Workers & Retirees.” The citation is Prohibited Transaction Exemption 2020-02. (https://www.govinfo.gov/content/pkg/FR-2019-07-12/pdf/2019-12208.pdf) The exemption became effective on February 16, 2021.
The exemption and the associated expansion of the definition of fiduciary advice will have the greatest impact on recommendations by investment advisers and broker-dealers (1) to retirement plan participants to take rollovers to IRAs with the advisors, and (2) to IRA owners about how to invest in the ....

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Investment Adviser Considerations: The Department of Labor's Prohibited Transaction Exemption


Wednesday, February 17, 2021
Investment Adviser Considerations: The Department of Labor’s Prohibited Transaction Exemption and Its Impact on Recommendations to Plans, Participants and IRAs (Part 4
)
On December 18, 2020, the DOL issued its final prohibited transaction exemption (PTE) that will allow conflicted compensation resulting from nondiscretionary fiduciary investment advice. The PTE is titled “Improving Investment Advice for Workers & Retirees.” The citation is Prohibited Transaction Exemption 2020-02. (https://www.govinfo.gov/content/pkg/FR-2019-07-12/pdf/2019-12208.pdf) The exemption became effective on February 16, 2021.
The exemption and the associated expansion of the definition of fiduciary advice will have the greatest impact on recommendations by investment advisers and broker-dealers (1) to retirement plan participants to take rollovers to IRAs with the advisors, and (2) to IRA owners about how to invest in their IRAs. My last artic ....

Department Of Labor Prohibited Transaction Exemption , Adviser Considerations , Its Impact , Investment Advice , Best Interest , Internal Revenue , Commission Interpretation Regarding Standard , Investment Advisers , Investment Professionals , Impartial Conduct Standards , Investment Professional , Retirement Investor , Field Assistance Bulletin , Impartial Conduct , Those Standards , Prohibited Transaction Exemption , Nondiscretionary Fiduciary Investment Advice , துறை ஆஃப் தொழிலாளர் ப்ரொஹைபிடெட் பரிவர்த்தனை விலக்கு , அதன் தாக்கம் , சிறந்தது ஆர்வம் , உள் வருவாய் , தரகு விளக்கம் தொடர்பாக தரநிலை , முதலீடு ப்ரொஃபெஶநல்ஸ் , நடுநிலை நடத்தை தரநிலைகள் , முதலீடு ப்ரொஃபெஶநல் , ஓய்வு முதலீட்டாளர் ,