Featured Jobs
|
MAP Retirement
|
|
401K Safe
|
|
3(16) Retirement Plan & Customer Liaison Compass
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
Retirement Relationship Manager MAP Retirement
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Pension Investors Corporation
|
|
Regional Vice President, Sales MAP Retirement
|
|
Sentinel Group
|
|
Pattison Pension
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
BICE: Financial Advisors Beware
Ron A. Rhoades, JD, CFP 
[Opinion] Feb. 2, 2017
"[The DOL's Best Interests Contract Exemption (BICE)] can result in a misalignment of the interests of the firm and those of its advisors, for the firm can receive more compensation while the advisor's compensation generally must not vary ... Over time, the economic incentives present will result in pressures placed upon advisors by their firms to not act in the best interests of the client ... In the competition for clients, firms that use fee-based accounts will possess a huge marketing advantage over firms that utilize BICE."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |