Amended PTE 84-24: Impact on Producers, Carriers, and Intermediaries
May 8th, 2024 | Tyson Crane, VP of Product Mangement, CapitalROCK On April 25th, 2024, the Department of Labor published its final version of the Retirement Security Rule and the related exemptions to the Federal Register. The regulation defines what constitutes fiduciary investment advice and the necessary requirements to find relief under available prohibited transaction exemptions […]
Annuities: A Vital Piece of a Balanced Retirement Portfolio
April 1st, 2024 | Scott Miller, Product Manager, CapitalROCK Let’s start with a discussion about what income is available in retirement and what are the different funding sources, followed by a case study and an in-depth discussion of how Annuities can provide essential income during retirement. In 1975 there were 311,094 total Pension Plans that […]
Fiduciary or not a Fiduciary? Show your work in the PTE 2020-02 Retrospective Review
January 22nd, 2024 | Hayden Galloway, Product Manager, CapitalROCK The Department of Labor is still deciding, again, on the scope of transactions financial institutions and their representatives qualify as acting financial advice fiduciaries. The status quo is currently changing this year and will likely continue to be in flux. Currently, PTE 2020-02 is the most widely used […]
The Reg BI Care Component: Bringing Application to the SEC’s FAQs
January 22nd, 2024 | Connor Thomas, Vice President Of Business Development, CapitalROCK When Reg BI came into effect on June 30, 2020, many broker-dealers were not ready. Among the crowd that thought they were ready, most would tell you that after their first few exams, they still had some work to do. We heard from […]
Decoding the DOL’s New Retirement Security Rule
January 22nd, 2024 | Robert Batt, Client Success Manager, CapitalROCK The most recent proposal from the U.S. Department of Labor (DOL) issued on October 31, 2023, is another step to define and refine the concept of “who is an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA)” (1). The DOL’s stated purpose […]
How RightBRIDGE Tackles Regulations in a Dynamic Regulatory Landscape
January 22nd, 2024 | Jay McCready, Business Development, CapitalROCK Do you feel like the Financial Industry’s regulatory environment is increasingly changing? It certainly feels like it. Especially, when considering legislation involving suitability, consumer protection, and best interest compliance within the last few years. With so many rules to comply with like: NY Regulation 187, the […]
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 […]
