Mike TripsesPartner, CreativeOne - Creative Edge

Miles to go: What does the future hold for the fiduciary concept?

Initial path So much ground has been traveled in the last seven years leading to our current “partial” implementation of the Department of Labor’s (DOL) fiduciary rule, we may have forgotten how it came about or we are bored to the point of tears in hearing it regurgitated. At the risk of the latter, let… Read More

DOL Fiduciary Rule: Submit Your Comments Today

As you know, the DOL fiduciary rule is scheduled to take effect April 10, 2017. The proposal is a 60-day delay (until June 9) of the applicability date of the rule, allowing more time for the DOL to assess the impact on businesses and the public pursuant to the new administration’s February 3 directive. Currently, they… Read More

The Spinning Totem of DOL Uncertainty

I re-watched “Inception” last night and was once again intrigued by the twists and turns. Leonardo DiCaprio is a thief who steals corporate secrets by invading the minds of executives using dream-sharing technology. He must now “plant” an idea in the mind of a CEO to influence him to change major corporate strategy. The dreams… Read More

Related terms: Industry News

Will the DOL Fiduciary Rule Change with Trump in Office?

Announcement Regarding the Impending DOL Fiduciary Rule and CreativeOne Will President Trump delay or kill the DOL fiduciary rule? Our Washington D.C. contacts indicate a delay of the rule is imminent. The White House has ordered a “freeze” on all recently proposed or pending regulations issued under the Obama administration. However, until the DOL issues… Read More

DOL Fiduciary Rule: the Hidden Argument for Opposition

An old saying goes, anytime a politician says, “It’s for the children,” hang on to your hat and your wallet. The same is coming true for consumers. The ramifications of the DOL fiduciary rule are sweeping, though unappreciated by those not deep into compliance implementation, as the April 10 deadline approaches. The task list to… Read More

Related terms: Legislation

What a Trump Presidency Means for the DOL Fiduciary Rule

While the recent election’s presidential decision sent political shock waves, one of the biggest questions in the aftermath is: What does this now mean to the DOL fiduciary rule? As most of you know, CreativeOne is deep into planning and preparation to comply with the DOL fiduciary rule for qualified funds and its impact on… Read More

It’s in Your “Best Interest” to Know the DOL Fiduciary Rule’s Ins and Outs

A Word from Mike Tripses I’m beginning to wonder if this isn’t the most all-consuming U.S. presidential news cycle in history. It’s hard to get news that doesn’t lead back to America’s decision about a single person for one governmental position (VPs not withstanding). I believe some of this stems from the continuing expansion of… Read More

New DOL Rule: If It Ain’t Broke, Fix it Anyway

The recently published final Department of Labor (DOL) fiduciary rule for IRAs (and a handful of other tax-qualified funds) sales is disturbing for an industry already fraught with challenges. Americans are underprepared for retirement in education and savings. Insurance agents are retiring faster than new agents are entering the market. Compliance has become ever tighter…. Read More

DOL Releases Finalized Fiduciary Rule

The U.S. Department of Labor (DOL) issued its finalized fiduciary rule yesterday. Over the past year, CreativeOne has worked diligently with the National Association of Fixed Annuities (NAFA) to provide constructive comments to the DOL about its proposed fiduciary rule. We are in the process of completing an in-depth analysis of the rule and its… Read More

CreativeOne: Best Equipped to Serve You

I’ve never been much of an “I remember when … ” person, but occasionally I’m persuaded by how much things have changed as I sit here typing this on a flight to Florida while listening to a shuffle of my iTunes, reviewing 44-meg worksheets. I remember in the late 80s doing evaluations of insurance company… Read More