Mike TripsesPartner, CreativeOne - Creative Edge

Mike Tripses: Two Out of Three Ain’t Bad

The 5th Circuit Court of Appeals in a victory for Appellants, U.S. Chamber of Commerce, et.al., by a 2-1 decision ruled on March 15 against the prior District Court decision for DOL, vacating that decision and erasing the Fiduciary Rule. The Appellants questioned whether 1) the new definition of investment advice fiduciary is consistent with… Read More


New Year’s Resolutions and Revolutions – Part 2

President Trump, while certainly not Mark Twain or Will Rogers, has made a mark with his coined phrases. “Fake news” looks to have substantial life ahead of it. Look at the visceral responses it invokes. Partisans to the right have “trumpeted” the phrase, while leftwing partisans, and much of the established media, decry it. News… Read More

Related terms: Breaking News



New Year’s Resolutions and Revolutions – Part 1

Predictions are all the rage at the artificial divisions carved by our Gregorian calendar, but they are also a stern master. I wish I had the qualities of a seer, but on topics like the economy and what advisor business will be like next year, the best minds will often be off target. Albert Einstein… Read More


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