Selecting Annuities Using Reasonably Available Alternatives
January 24th, 2024 | Scott Miller, Product Manager, CapitalROCK Reasonably Available Alternatives (RAAs) The idea behind RAAs, is that Financial Professionals are required to abide by guidelines that encourage a transparent annuity selection process, thus making sure that clients are presented with profile matching options so they can make an informed decision. Let us begin […]
Reasonably Available Alternatives: Comparing Apples to Oranges
January 24th, 2024 | Brian Hendricks, Chief Operating Officer, CapitalROCK I have heard, when talking to our clients and other industry professionals, discussion about Reasonably Available Alternatives (RAA) and the question of “what level of alternatives is needed to comply with Reg BI?” I haven’t heard a definitive answer. Some have advocated that it must be […]
Education vs Advice: A Thin (and Moving) Line
January 24th, 2024 | Trevor Morgan, Principal Product Manager, CapitalROCK On October 31st, the Department of Labor released the proposed Retirement Security Rule, redefining the qualifications for fiduciary education vs advice. With the new definition, the financial services industry is forced to reconsider a question that has repeatedly resurfaced over the last three decades – […]
Proposed Future of PTE 84-24
The DOL is responsible for the oversight and enforcement of plans that fall under the Employee Retirement Income Security Act (ERISA). Examples of ERISA plans include but are not limited to defined benefit plans and defined contribution plans such as 401ks, 403bs, etc.
